$SHIB enters a common pattern that might act as reversal fuel at the beginning of 2023
If we take a look at the intraday chart of the token, we can clearly see a descending triangle pattern formation, which has been confirmed by the ascending volume profile. By getting closer to the end of the formation, trading volume should rise significantly, causing an expected volatility spike.Unfortunately, the technical state of the token is not the only thing that investors and traders are looking at.
However, the formation of the aforementioned pattern could become a great foundation for a potential reversal. On the daily chart of the token, we will not be able to see the triangle as the only observable thing on that timeframe is the direct and narrow price rangebound.Sadly, the end of 2021 and the beginning of 2022 did not give us any insights about the potential moves of
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