SHIBA INU - Rich Frens? or just another Rekt Hodler?
Updated
Hello Cryptoverse!
Been a long time away from TradingView due to a few personal reasons but glad to be back and hope all my old followers are well in this crazy time.
Now I have quite a few friends who have hopped on this SHIB train which moved very fast towards grandness, but does it have any greatness? I hear and read a lot about the ecosystem and how it's more than just an ETH token. TBH most of it does not mean much to me but whats very interesting is the volume and the chance to make some easy and quick profits so that can be stuck back into BTC, ETH, SOL etc
Friends have been asking when's good to buy & sell, many are new to crypto and the HODL mentality has infected the minds of many...here is what i see....
A Simple Fibonacci trend extension shows good areas that the price MIGHT move towards if we can get some hard and solid buying power for the rest of Nov onwards to EoY
Cycle of Power indicator has gone into the lower band and with the RSI showing it's not oversold yet, maybe that's the time to get in if not already aiming at 0.00004 area
Awesome Oscillator looking ripe to go blue again.
If you got in recently below 0.00005, i guess you are pretty safe and can set a stop loss below that because if the 0.00003 level breaks, i see it going below 0.00001 pretty fast
Dont get rekt, use a SL and buy in LOWER, then HODL if u wish :P
BIG LOVE TO ALL, many more charts to come soon in the next few months, trade well, and make sure you're taking profits when you can!
Majorlee xxx
Been a long time away from TradingView due to a few personal reasons but glad to be back and hope all my old followers are well in this crazy time.
Now I have quite a few friends who have hopped on this SHIB train which moved very fast towards grandness, but does it have any greatness? I hear and read a lot about the ecosystem and how it's more than just an ETH token. TBH most of it does not mean much to me but whats very interesting is the volume and the chance to make some easy and quick profits so that can be stuck back into BTC, ETH, SOL etc
Friends have been asking when's good to buy & sell, many are new to crypto and the HODL mentality has infected the minds of many...here is what i see....
A Simple Fibonacci trend extension shows good areas that the price MIGHT move towards if we can get some hard and solid buying power for the rest of Nov onwards to EoY
Cycle of Power indicator has gone into the lower band and with the RSI showing it's not oversold yet, maybe that's the time to get in if not already aiming at 0.00004 area
Awesome Oscillator looking ripe to go blue again.
If you got in recently below 0.00005, i guess you are pretty safe and can set a stop loss below that because if the 0.00003 level breaks, i see it going below 0.00001 pretty fast
Dont get rekt, use a SL and buy in LOWER, then HODL if u wish :P
BIG LOVE TO ALL, many more charts to come soon in the next few months, trade well, and make sure you're taking profits when you can!
Majorlee xxx
Note
testing the 23.6% level, risky buy in, SL at 0.00004
Note
perfect bounce from the 55 Exp Moving Average on the daily chart
Trade active
took some profits at the 38.2% fib level
sorry if the chart is not showing future market candles, ill look into my settings
Note
Trade active
price bounced from lower levels, might be able to hit 0.00005 if can break upwards with some momemtum
Trade active
bounce from fib level after the rapid volume spike today
Trade active
Trade active
4hr view, descending trend
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