We can see a ton of confluence at the bottom of the golden pocket. Confluence is where the price has repeatedly found a place to settle and move sideways.
Look down at the bottom, that’s the vumanchu divergence indicator. We have uneven buttcheeks and an anchor wave. This is a positive sign. Now, we need to see money flow moving to the upside through this anchor wave.
I’m currently in a SHIB long right from 37 with my first tp at 42. THIS IS NOT FINANCIAL advice…just what I’m doing rn.
This chart is made on Trading View. It’s free to some extent – think you get two indicators with the free account. I use the vumanchu divergence (B, I think) , the gaussian channel and 20, 50, 200 EMA’s. I’m not a shill for them, and don’t get paid to post their links.
I also recommend learning to use bookmap.