Shiba Inu's major bullish breakout this week brought in the highest trading volume weekly since late 2021. The previous bull-market bull-run phase.
Looking at this type of action, the first time volume goes so high after so long, is indicative that a new market cycle is getting started. The super high volume is supported by a very, very strong RSI.
The chart is easy.
This is easy.
This is not speculation, basically we are just reading a chart as we would read a book.
➖ Shiba (SHIBUSDT) is set to move forward.
We have two targets and while I would love to say "long-term" I think they can both hit mid-term. Within 1-3 months.
👉 The first target is set at 0.00005655 for 158%.
👉 Second target is a new All-Time High at 0.00014033 for 542%.
Now, the second target is not the end... We will see more and more and more; more growth, more profits, more fun in 2024 and beyond.
Thank you for reading.
If you boost, I know you enjoyed the content and I can continue to publish more.
Feel free to follow.
Thanks a lot for your support.
Namaste.
Looking at this type of action, the first time volume goes so high after so long, is indicative that a new market cycle is getting started. The super high volume is supported by a very, very strong RSI.
The chart is easy.
This is easy.
This is not speculation, basically we are just reading a chart as we would read a book.
➖ Shiba (SHIBUSDT) is set to move forward.
We have two targets and while I would love to say "long-term" I think they can both hit mid-term. Within 1-3 months.
👉 The first target is set at 0.00005655 for 158%.
👉 Second target is a new All-Time High at 0.00014033 for 542%.
Now, the second target is not the end... We will see more and more and more; more growth, more profits, more fun in 2024 and beyond.
Thank you for reading.
If you boost, I know you enjoyed the content and I can continue to publish more.
Feel free to follow.
Thanks a lot for your support.
Namaste.
Note
Bullish action is really strong and we have great growth so far. A Fib. level (0.382 - 0.000036567) has been hit which is resistance but the week is only starting and this is the weekly timeframe.👉 There is room, space and time available for additional growth.
(If you are holder, hold strong! But do plan a "selling for profits" strategy.)
Namaste.
Trade closed: target reached
Highest daily volume and huge red candle can signal that the party is over.The RSI is overbought. Watch-out, it can drop.
Note
This is what is called a "shakeout" or "dead-cat bounce," do not get trapped, the correction/drop will continue.Stay safe.
Secure profits.
Be grateful.
Namaste.
Note
This is the daily timeframe and we still have a top signal.Here SHIBUSDT is saying not likely to go higher.
That's the daily.
Each timeframe will give you different signals/information.
One timeframe can be bullish while another can be bearish while another can be neutral.
It is a bullish bias with bearish potential.
Now, here is the weekly:
It has less than two days to close. This is long-term so the information we extract is different.
The volume breakout is good and this can indicate the start of a new bullish cycle.
The close is yet to happen so we don't know if additional growth or correction; short-term, daily, it shows potential for a retrace but this can vary on the bigger picture.
The weekly chart is saying that SHIBUSDT is waking up for a long-term bullish cycle but the initial breakout might be in.
And so we comeback and glance at the chart when we want updates/new data.
4H is a short-term timeframe and is showing some bearish potential.
Thank you for reading.
Your support is truly appreciated.
Namaste.
Note
Shiba Inu remains bearish on the daily timeframe: I think we can confirm the weekly bullish breakout to be in.
The next high will only happen after a period of "rest," consolidation or correction phase.
Still long-term growth based on higher highs and higher lows.
Namaste.
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🚨 You need PREMIUM trade-numbers to profit from Cryptocurrencies —Best timing & amazing results! 👉 lamatrades.com (Since 2017)
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.