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SHIB Retesting Support and May Drop to $0.00001909In recent trading sessions, BINANCE:SHIBUSDT has displayed a downward trend on the 4-hour chart, indicating potential challenges ahead for investors. The 9 Exponential Moving Average (EMA) and 20 EMA trajectories reinforce the bearish outlook. The 9 EMA values have decreased from $0.00002765 to $0.00002635 over the last 48 hours, while the 20 EMA has softened from $0.00002823 to $0.00002732, indicating a bearish crossover scenario where the short-term momentum is weaker than the long-term trend, a typical signal for declining prices. Further compounding the bearish sentiment, the Moving Average Convergence Divergence (MACD) shows a negative histogram progression, evolving from a near-zero difference to a more pronounced negative gap between the MACD line and its signal line. This transition in the histogram values suggests increasing bearish momentum. The Relative Strength Index (RSI) offers additional insight, with values consistently below the 50 threshold. This indicates that the market is in a state of bearish momentum, not yet oversold but certainly leaning away from bullish territory. The immediate resistance levels are set at $0.00002982, with further ceilings at $0.00003312 and $0.00003368. These levels represent significant barriers for any potential upside recovery. On the downside, support is found at $0.00002489, with a critical level at $0.00001042, which, if breached, could signal further declines.
by StevenWalgenbach
PEPE Drops Cools Down, but Its Decline May Not Be Over YetIn the latest trading sessions on the 4-hour chart, BINANCE:PEPEUSDT has exhibited significant price movements, with closing prices oscillating between $0.00000699 and $0.00000769. The pair's recent dynamics suggest a battleground between bulls and bears, as evidenced by the variable closings around crucial technical levels. The trends of the 9 Exponential Moving Average (EMA) values have decreased along with the 20 EMA, resulting in a bearish crossover. Such movements often indicate a potential shift in market sentiment from bullish to bearish. MACD (Moving Average Convergence Divergence) indicators further confirm the bearish outlook. The MACD values have progressively decreased, highlighting an increased bearish momentum, as seen by the widening gap between the MACD line and the signal line across the past 48 hours. This is underscored by negative histogram values, which suggest a strengthening of bearish momentum. The Relative Strength Index (RSI), hovering between 31.74 and 39.18, signals that PEPE is nearing oversold conditions. This could potentially attract buying interest if the asset dips further, though it remains essential to monitor for any shifts in RSI levels that may suggest a reversal or continuation of the current trend. The Pepe price faces immediate resistance at $0.00000782, followed by more significant levels at $0.00000806 and $0.00000897. A break above these levels could signal a shift towards a bullish market sentiment. Conversely, support levels at $0.0000067, $0.00000552, and $0.00000395 are crucial for bulls to defend to prevent further downside risks. Given the current bearish indicators, cautious traders might consider potential short entries, aiming for exits near the mentioned support levels. Conversely, should the asset demonstrate strength and break above its immediate resistance, this could offer a favorable long entry point, with targets set at subsequent resistance levels.
Short
by StevenWalgenbach
OGGY INU Oggy Inu is a cryptocurrency project that gained popularity as a meme coin within the decentralized finance (DeFi) space. Like many meme coins, its branding and community are built around internet memes, particularly the character "Oggy" from the animated series "Oggy and the Cockroaches." However, the specific utility or purpose of Oggy Inu beyond its meme status may vary, as it depends on the project's roadmap and development goals. In terms of its potential impact on the future of the internet, Oggy Inu, like other cryptocurrencies and blockchain projects, could contribute to several aspects: 1. **Decentralization**: By utilizing blockchain technology, Oggy Inu and similar projects have the potential to promote decentralization across various internet services, including finance, social media, gaming, and more. Decentralization can offer greater transparency, security, and autonomy to users. 2. **Community Building**: The strong community around projects like Oggy Inu demonstrates the power of decentralized communities in driving adoption and innovation. Such communities can collaborate, share ideas, and collectively contribute to the growth and development of the project and its ecosystem. 3. **Innovation**: Cryptocurrency projects often serve as hubs for experimentation and innovation, fostering the development of new technologies, applications, and business models. Oggy Inu and similar projects could introduce novel concepts or use cases that push the boundaries of what's possible on the internet. 4. **Financial Inclusion**: By providing access to financial services and opportunities to individuals worldwide, cryptocurrencies like Oggy Inu can promote financial inclusion. People who are unbanked or underbanked may benefit from access to decentralized financial tools and services. However, it's essential to approach projects like Oggy Inu with caution, especially considering their speculative nature and the potential risks involved in investing or participating in meme coins and DeFi tokens. As with any investment or technology, thorough research and understanding are crucial before getting involved.
PANCAKESWAP:OGGYWBNB_2CDFD3.USD
by TrojanBible
SHIB May Be Gearing up for Something Big as Is ConsolidatesBINANCE:SHIBUSDT has consolidated between $0.00002794 and $0.00003102 over the past 24 hours. Traders and investors will want to see in which direction the memecoin breaks out of this range to try and gauge the crypto’s next move. A 4-hour candle close above $0.00003102 could lead to the crypto entering into a bullish move. As such, the Shiba Inu price may attempt a challenge at the $0.00003607 resistance level in the following 24 hours. Thereafter, continued buy pressure could boost SHIB to as high as $0.00004382 in the short term.Conversely, falling below $0.00002794 may put the Shiba inu price at risk of correcting to the subsequent support level at $0.00001910 in the following 24-48 hours. Technicals Still Flagging Bearish Technical indicators on SHIB’s 4-hour chart suggest the Shiba Inu price may drop in the next 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flagging bearish. The MACD is positioned below the MACD Signal line, which is generally seen as a sign that a crypto is in a negative cycle. Similarly, the RSI is positioned below its Simple Moving Average (SMA) line. This could indicate that sellers are currently stronger than buyers on the short-term timeframe. Traders may want to keep an eye on the MACD indicator, as the MACD Histogram is becoming more positive. This could be the early sign of a bullish trend reversal. In addition to this, the RSI shows that SHIB is currently oversold, which may be seen as a buy signal in the coming 24 hours. For Shiba Inu (SHIB), based on the consolidation range and the technical indicators you've described, we can outline trading strategies for both bullish and bearish scenarios. Here, the focus will also be on identifying clear entry and exit points, along with managing risks effectively. Potential Trade Strategies for the Shiba Inu Price Long Position Strategy Entry Conditions: - Primary Entry Signal: A 4-hour candle closing above the $0.00003102 level, suggesting a breakout to the upside. This could be a signal for the start of a bullish move. - Secondary Entry Signal: Look for bullish signals from the MACD, such as the MACD line crossing above the signal line, or the MACD Histogram showing increasing positive momentum. Additionally, consider the RSI moving out of the oversold territory as another entry confirmation. Exit Conditions: - Take Profit: Set the first take profit target at the next resistance level of $0.00003607. If the momentum continues, consider extending the take profit to $0.00004382, monitoring closely for any signs of reversal. - Stop Loss: To manage the risk, set a stop loss just below the consolidation range, around $0.00002790, to minimize potential losses if the market moves against your position. Risk Management: - Pay attention to the volume supporting the breakout, as increasing volume can validate the move. - Adjust your position size to ensure that the maximum loss does not exceed a small percentage of your trading capital. Short Position Strategy Entry Conditions: - Primary Entry Signal: A 4-hour candle closing below the $0.00002794 support level, indicating a potential bearish breakout from the consolidation range. - Secondary Entry Signal: The MACD remaining below the signal line combined with the RSI remaining below its SMA line can serve as confirmation that the bearish momentum is likely to continue. Exit Conditions: - Take Profit: The initial take profit target can be set at the subsequent support level of $0.00001910, as a fall below the consolidation range could lead to significant downside. - Stop Loss: Place a stop loss slightly above the consolidation range, around $0.00002800, to protect against the possibility of a false breakout or sudden reversal. Risk Management: - Monitor the MACD Histogram for signs of diminishing negative momentum, which could indicate a weakening of the bearish trend. - Consider the overall market sentiment and any external factors that could influence the price of SHIB, adjusting your strategy accordingly. General Tips: - Always review the risk-reward ratio to ensure that potential rewards justify the risks. - Be prepared to exit positions if the market shows signs of a reversal that contradicts your initial analysis. - Keep an eye on broader market trends and news that could impact the cryptocurrency market, as memecoins like SHIB can be particularly sensitive to social media trends and broader market sentiment. - Consider using trailing stops in profitable positions to capture gains while protecting against sudden market reversals. Given the bearish indicators but also the potential for a reversal indicated by the MACD Histogram and the oversold RSI, it's crucial to wait for clear signals before entering trades and to manage risks carefully.
by StevenWalgenbach
Market Update - March 15 2024 BTC price hits new all-time high; surpassing silver’s market cap: Bitcoin (BTC) captured new all-time highs hitting $73.6K this week, making it the eighth largest asset by market capitalization globally. On March 12, spot BTC exchange-traded funds (ETFs) saw a record SEED_TVCODER77_ETHBTCDATA:1B of net inflows; with Blackrock’s IBIT taking in $849Mof inflows. Additionally, the London Stock Exchange indicated they will start to accept applications to list BTC and ether (ETH) exchange traded notes during the second quarter of this year. Ethereum completes biggest upgrade in almost a year; ETF odds lower: The highly anticipated Ethereum ‘Dencun’ upgrade was successfully implemented on Ethereum’s mainnet. The upgrade is designed to catalyze growth on layer-2 networks by lowering data fees and enhancing scalability. Meanwhile, Bloomberg analysts have significantly lowered the probability of a spot ETH ETF approval by the SEC to 30%, citing the agency's lack of engagement and concerns over ETH’s regulatory classification. Consumer prices rise more than expected as inflation persists: In February, prices in the United States for shelter and gas rose more than expected, likely impacting hopes for Fed rate cuts. With the February Consumer Price Index showing a 0.4% monthly increase and a 3.2% annual gain, markets are expecting the Federal Reserve will keep rates unchanged next week and start cutting rates in June, based on implied futures pricing. Memecoins and altcoins show strength: PEPE, WIF, and FLOKI led the way for memecoins with double digit percentage performance over the last 7 days. Other altcoins related to artificial intelligence, such as NEAR, RNDR, GRT, THETA, and FET, also posted double digit percentage gains over the same period. Layer one tokens such as AVAX, INJ, and RUNE posted double digital gains, and Solana registered an all-time high in daily new addresses, at over 691K. 🔒 Topic of the Week: Passkeys 👉 Read more here
GEMINI:BTCUSD
by Gemini
Pepe Coin Leaps 10% as Elon Musk's Tweet Sparks FrenzyIn a whirlwind of excitement, CRYPTOCAP:PEPE , the frog-themed meme coin, surged by 10% in a single day, fueled by significant whale movements and a tweet from none other than Elon Musk. As the crypto community braces for potential shifts. Elon Musk's Pepe Tweet: The catalyst for Pepe's meteoric rise came in the form of a tweet from Elon Musk, featuring the iconic Pepe meme. Musk's cryptic caption, "sharing memes with frens," ignited speculation about his potential interest in Pepe, adding fuel to the already blazing fire of meme coin fervor. Whale Movements and Market Dynamics: Amidst Musk's tweet, significant whale movements added to Pepe's momentum. Whale Alert data revealed massive transfers of CRYPTOCAP:PEPE tokens, with billions worth of tokens changing hands between exchanges. Furthermore, a large whale depositing a substantial amount of PEPE tokens to OKX sparked further intrigue, indicating substantial activity surrounding the meme coin. Growing Utility and Adoption: Beyond speculative trading, CRYPTOCAP:PEPE is gaining traction in real-world utility. Blockchain payments firm Zypto Pay announced integration with CRYPTOCAP:PEPE tokens, allowing users to utilize them for day-to-day spending. This adoption signals a maturation of the meme coin ecosystem, enhancing its relevance beyond the realm of memes. Speculation and Investment Surge: Elon Musk's tweet acted as a catalyst for a surge in speculation and investment in $Pepe. Derivatives data analysis revealed a significant uptick in trading volumes and open interest, indicating heightened interest and activity surrounding the token. As Pepe gains momentum, the crypto community eagerly anticipates whether it can sustain its upward trajectory and potentially shed a zero from its price.
Long
by DEXWireNews
1
🔥 FLOKI Insane Cup & Handle Pattern: Fibonacci Entry!FLOKI has seen incredible gains over the last few weeks, gaining over 800% in the last 2 months. However, I think that FLOKI is due to a minor correction. The correction is caused by both FLOKI being incredibly overbought, as well as the fact that it hit it's previous all-time high resistance area. I'm aiming for a retest of the Fibonacci Golden Pocket area between the 0.382 and the 0.5 retracements, a 30-40 percent correction from here. It might sound like a lot, but if you look at the chart FLOKI has seen multiple weeks where it corrected over 30% in a single week. Consequentially, this might pose a very good entry point for investors which have been waiting for a good entry.
Long
by FieryTrading
5
🔥 WIF: Newest Memecoin Reversal SignalWIF is one of the newer memecoins on the market and is placed in an illustrous list together with the likes of PEPE, DOGE, SHIB, FLOKI etc. As of earlier today, WIF has successfully confirmed the reversal from the bottom support of the parallel channel. This, together with an oversold RSI (for the first time since it hit Binance!) has convinced investors of a pending reversal. Stop under the most recent swing low, target at the top resistance. You can potentially turn this trade into a long-term one if the price breaks through the top resistance.
Long
by FieryTrading
2
So you want some Lady? Here is the opportunity (a short thread)Disclaimer for anyone reading this: This analysis here is done with a sprinkle of TA, but a majority of market psychology and institutional strategy. Right now Lady is on a RIP. I know that feeling, waiting for a correction only to wake up to your watch list continuing to sky rocket. How the hell are you supposed to enter a coin with the candle looking like this. Well, here we go 1.) if you believe in Wyckoff, this coin is done with accumulation. It currently is in its "spring" stage. Now in every "spring" there is a retest of the levels. I am very confident that we will retrace at least to the low .20s or if we are lucky the 16-18s, these meme coins move up like GOD, but they also move down like your crazy ex gf that gave you the best experience of your life. This coin is on the brink of getting listed on binance futures. Right now, a lot of big money is buying this up only to short it in due time. Our moment to build a bigger long position is close. a 20% draw down is in the cards, question is will you have enough capital to capture it to give you the gains you are looking for. This coin is hovering around 100M as I am writing this. Pepe is over 1B and so is Doge, so we have a frog coin and we have a dog coin. All we are missing is a lady ;) Prepare for a nice sell off in April right before the halving. This is CERTAIN. You do not think that insitutions are praying on retail for this sell the news event? Yeah who cares, btc supply gets cut 50% but when you have hundred of millions of dollars you can care less entering at 72K or 85K btc price. They are okay with the halving event, they will get their coins. But my friends, so will you. Happy trading April is the moment. I will write the next article when my thesis comes true. AS it always has on this coin. Thanks for taking the time to read this Go females
by kiashedgefund
SHIB Holders Realize Nearly $373 Million ProfitsShiba Inu ( CRYPTOCAP:SHIB ), the infamous meme coin, has captured the attention of crypto enthusiasts once again with a staggering 55% surge in its price on a weekly timeframe, hitting a year-to-date high of $0.00004567. While the cryptocurrency market experiences a wave of volatility, CRYPTOCAP:SHIB stands resilient, sustaining its gains and defying profit-taking pressures. The recent rally in CRYPTOCAP:SHIB price coincides with Bitcoin and Ethereum's resurgence in 2024, signaling a broader trend of capital rotation within the crypto space. As investors seek alternative avenues for profits, meme coins like CRYPTOCAP:SHIB , along with AI, metaverse, and gaming tokens, emerge as attractive options for speculative investments. Key Catalysts Driving SHIB's Rally At the forefront of CRYPTOCAP:SHIB 's price surge is the relentless pursuit of ecosystem expansion by its lead developer, Shytoshi Kusama. Kusama's efforts to secure the listing of ecosystem token BONE on Binance have injected optimism into the CRYPTOCAP:SHIB community, fueling bullish sentiment and driving demand for the meme coin. Furthermore, the recent burning of 13 billion CRYPTOCAP:SHIB tokens, worth $463,000, on March 9, underscores the commitment to reducing the circulating supply of SHIB, thereby potentially increasing its scarcity and perceived value among investors. Navigating Volatility: Opportunities Amidst Challenges Despite facing significant profit-taking activities, CRYPTOCAP:SHIB price managed to sustain above the psychologically important support level of $0.000030, signaling resilience and investor confidence in the project's long-term prospects. Moreover, SHIB's ability to rebound from a notable dip on March 3, offering a lucrative "buy the dip" opportunity to traders, highlights the underlying strength and resilience of the meme coin amidst market fluctuations. Looking Ahead: Potential for Further Upside With £SHIB's weekly gains of 55% and a reduction in selling pressure as reflected by the decline in CRYPTOCAP:SHIB supply on exchanges, the meme coin is poised for further upside potential. As buying pressure continues to support SHIB's price momentum, investors anticipate a continued climb towards its year-to-date high.
COINBASE:SHIBUSDLong
by DEXWireNews
4
PEPE Manipulation ShakeoutShakeout: PEPE recently made a sharp decline, breaking through the lowest level on the chart. This movement was probably artificially created to force out weak hands and leveraged traders. Double bottom: After the shakeout, PEPE formed a double bottom pattern. This pattern often indicates a trend reversal and a possible price increase. Liquidity manipulation: A sharp decline and the subsequent formation of a double bottom pattern can be a manipulation to force traders out of the market and capture their liquidity. This article will delve deeper into identifying various chart patterns indicative of market manipulation, providing you with the knowledge to protect yourself and make informed trading decisions. 1. Pump and Dump Schemes: Pump: A coordinated effort to artificially inflate a coin's price, often through social media hype and fake news. Indicators: Rapid price increase: Unusually sharp and sustained price increase without significant news or market events. Low trading volume: Price rise accompanied by low trading volume suggests artificial inflation. Social media frenzy: Coordinated social media posts and endorsements promoting the coin. Dump: Once the price reaches a desired level, the manipulators sell their holdings, causing the price to plummet. 2. Wash Trading: Fake trading: Creating the illusion of high trading volume by buying and selling between controlled accounts. Indicators: High volume with low price volatility: Large trading volume without a corresponding change in price suggests wash trading. Spikes in trading volume: Sudden and unexplained spikes in trading volume may indicate wash trading. Order book imbalance: Uneven distribution of buy and sell orders, with a significant imbalance favoring one side. 3. Fake Breakouts: Manipulation: Creating a false impression of a breakout to trap traders into buying or selling at manipulated prices. Indicators: Low volume breakouts: Breakouts accompanied by low trading volume are often false. Retracement after breakout: A sharp retracement following a breakout suggests a false signal. Failed retests: Inability to sustain a breakout level after a retest indicates a weak breakout. 4. Stop Loss Hunting: Manipulation: Driving the price towards stop-loss orders to trigger a cascade of sell-offs and further drive down the price. Indicators: Price movement towards support/resistance: Price approaching significant support or resistance levels where stop-loss orders are likely placed. Sudden price spikes: Sharp and unexpected price movements may be attempts to trigger stop-loss orders. Increased trading volume: Spikes in trading volume coinciding with price movements towards stop-loss levels.
Long
by Yaroslav_Krasko
2