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Shib

SHIB: Approaching SupportShiba Inu (SHIB) technical analysis: Trade setup : Bullish breakout from Ascending Triangle was followed by a break above $0.000010 resistance and 200-day Moving Average, which confirmed a bullish trend reversal to Uptrend. Now, price is retesting that breakout level. Pullback to $0.000008 could be an attractive swing entry, with upside potential back to $0.000010. Trend : Downtrend on Short- and Medium-Term basis and Neutral on Long-Term basis. Momentum is Bearish but inflecting . MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $0.0000080 (previous resistance), then $0.0000055. The nearest Resistance Zone is $0.0000100, then $0.00001200.
Long
by altFINS
2
shiba→ 50% dumphello guys... I am still on my word this coin wants to go down! so bearish!!! right? Or just only my opinion! this coin formed a symmetrical triangle pattern and broke the bottom line! for this situation, the first target is the yellow area! this means at least a 50% drop!!! entry: 0.0000088 target: 0.0000045 _______________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
Short
by melikatrader94
17
SHIB/USDT is Ready For a Potential Rally | Shiba Inu Analysis 💎Hello Ladies & Gentleman of ParadisersClub, SHIB/USDT is currently on an intriguing path, steering towards a likely upward swing. 💎In our previous analyses, we saw how demand morphed into supply, causing a significant dip in price. As of now, a 4-hour chart reveals an order block, indicating that the price could soon reach this demand zone and ignite a bullish wave. 💎Diving deeper, Shiba Inu experienced a 36% correction after plummeting from its peak on August 12th, even dipping below the 0.618 Fibonacci retracement level. 💎What's captivating is the candle on August 17th, which closed above this Fibonacci level, and the subsequent Doji candle on August 22nd. This Doji, with its long lower wick and green close, reversed before even touching the 0.618 support. 💎This pattern suggests that while bears attempted to drive the price down, the bulls swooped in, buying up assets and potentially setting the stage for a bullish run. 💎Stay alert and adaptable, Paradisers. Keep your eyes peeled for more updates and happy trading!
Long
by MyCryptoParadise_Simon
SHIBUSDTThis is a 1D frame analysis for SHIBUSDT After hitting the resistance line, the price was unable to establish itself above it and with the high selling pressure, bears were able to push the price down. However, currently the price can establish itself on the first support line and after a bit of rest can move back towards the resistance line. But if it fails to establish itself above it, the second support line can support the price. Suggestion: Those who intend to buy can place orders on our support areas and must not forget to set a stop loss.
by MarsSignals
‼️Rebound soon! Bitcoin is approaching a key level!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅ Again we get a powerful FUD and again the market reacts with a strong fall, there is nothing unusual, we work further friends Attempt #2! I try again to take a long, but more positionally. I act in the usual way for myself, I will arrange a grid of orders for additional draw. 30% of the deposit with 5X leverage. Technical: bitcoin is slowly approaching the key support range of $25,200-24,800, the last strong buyout after a similar spill was from there. (I'm not saying that the situation will repeat itself again, I'm just guessing). Stop set a little further than the local LOW. Deal plan: ▪️Entry - 25,850/25,333/24,955$ ▪️Stop - $23,950 ▪️Take - I will update. Guys, a huge request do not climb on the rampage, observe the risks and with a small profit, try to move the stop to no loss, they can bang again in the direction of the loy, so be careful!
Long
by DanilBlinkov
Shib survived to see $0.00008000 or more🤑 Last chance to buyOut of all my other predictions I failed to check one minor detail due to reasons of low likelihood of happening. But after closing today on 8/15/ 2023 I am fully convinced we may see the 4000 mark maybe more the rest of this year. Sometime in the closing days of August Shib will see a massive jump to anywhere above the 0.00002000 range. It's likely both the timing and the buildup of shibs recent announcements. The amount of resistance Shib has been receiving maybe a sign once that red line reaches that green who to say it won't skyrocket. It's ready for take off by september 1st and it may not be back to earth until Jan 1st 2024 so don't get left behind shib fans
Long
by Grandmaster_Oz
SHIB Giving Powerful Alert on Macro ! Like many other asset prices in crypto Shib has been forming a baseline for a while This is a powerful structure that can create fierce movement either way. Look to bitcoin in 2018. Bitcoin did fall there then by roughly 50%. Value cut in half. This is potentially in play for many assets forming a baseline. If the trend stays green then the move out of this can be up with strength A move out of the base structure can be very volatile.We are looking in terms of this recent alert for price to stay above trendline less we need to exit position from fear of trend turning against us.. quickly. When moves fail they can fail fast Becareful in holding positions that are going against you when in such a base. These base breakouts or breakdowns can be very rapid. For certain strategies we want to ride the trend. There are other strategies We try build tools that suit for different strategies in different situations check out the links provided See you soon GeorgeOnTV
Long
by SoftQuant
7
Let Us Learn and Earn with them SHIB token BurnsI've been thinking and wanted to jot it down, on how things can end up with SHIB. I have a little story before we get into it, about how SHIB moves could be similar to how I saw the rise in DOGE. In 2018 I purchased around a couple thousand coins of DOGE at around 0.002. I eventually sold out my coins, made a little bit, and didn't think too much of it. Fast forward to 2021, there was a ton of PR around DOGE. News outlets were covering it. Influencers and Celebrities were all over it, pumping the coin up. Even billionaires were buying into it. What got me about it was that people that are not even in the crypto space or do anything with the markets, were talking about it. I had one person tell me how he had a large position in the coin and he was not going to sell. But another person that I knew, he had done no trading what so ever, said he was in DOGE trading it. At that point I knew that it was close to DOGE having a significant drop. Additionally, with SHIB having an extraordinary rise, random people started coming up to me asking if I had any SHIB positions. This could possibly happen with SHIB again. There is a consistent amount of PR, but until it hits the mainstream like DOGE or how BTC and ETH did in 2017, there might be some movement but not as much as when the hype is there. Fundamentals can move the markets but not as much as people's feelings. At currently lvls, market cap is around 6.073 million, if SHIBarium does burn 5 trillion coins per month and pushes the total amount to 289 trillion total coins in the market (in 5 years), that would make price 0.000021. It'll take another wave to push price higher or further burns (if SHIB total supply drops below hundreds of trillions to single digit trillions) to drop a few more zeros. Price could hit the $0.01 lvl or even the $1 as people have been talking about, but again, it would take burns along with more people pushing into the coin. With a lot of negative things going on surround promoting alt coins, there might be less influencers, celebrities, billionaires, sports players, and so on, wanting to put their name out there. There is a lot of work going into developing SHIB. Most notably SHIBarium. SHIB started off on Uniswap with very little value. The coin started gaining traction and is trading on exchanges such as Kucoin, Webull, Binance, Robinhood, Coinbase. I think SHIB has a future and as long as there is constantly moves forwards, ensures the utility of the token, the SHIBArmy strengthens and keeps growing strong, and a steady stream of PR, this coin will hit $0.01 in 2030. These are my own thoughts. Do your own due diligence when deciding to trade. Trading carries a lot of risk where you could lose more then you put in. This is for educational purposes and not investment or financial advise. I do have positions in SHIB. Y'all have some good trading out there.
CRYPTO:SHIBUSDLong
by DollarSaenz
SHIB Sells Off After Big Coinbase Transfer: Time to Take Profit?Introduction: The cryptocurrency market has witnessed significant volatility recently, with various altcoins experiencing substantial gains and sharp declines. SHIB has garnered considerable attention among these altcoins thanks to its impressive surge in value. However, recent events, particularly a significant transfer of SHIB tokens to Coinbase, have raised concerns among traders. This article aims to shed light on the situation and encourage readers to consider taking profit from their SHIB investments if they have not already done so. The Coinbase Transfer and Its Impact: In the second week of Aug, a substantial transfer of SHIB tokens was made to Coinbase, one of the leading cryptocurrency exchanges. This event immediately sparked speculation and concern within the crypto community. Such transfers to major exchanges often precede significant sell-offs as early investors and traders look to capitalize on their gains. Consequently, the SHIB market experienced a noticeable decline shortly after the transfer. The Concerned Tone: As a concerned trader, evaluating the potential risks associated with SHIB at this juncture is crucial. While the cryptocurrency's meteoric rise has undoubtedly been impressive, it is essential to remember that markets are inherently volatile and subject to swift changes. The recent Coinbase transfer is a stark reminder that no investment is immune to sudden market fluctuations. Call-to-Action: Taking Profit from SHIB Considering the recent events surrounding SHIB, it is prudent for traders to assess their positions and consider taking profit if they have not done so already. While it is tempting to hold on to an investment that has shown significant gains, minimizing potential losses and securing profits when appropriate is equally essential. If you have not yet taken profit from your SHIB investment, now might be an opportune time to do so. By converting a portion of your holdings into a more stable asset or diversifying your portfolio, you can mitigate potential risks and protect your overall investment strategy. Remember, making a profit is personal, and conducting thorough research and consulting with financial advisors before making investment decisions is crucial. The cryptocurrency market is highly unpredictable, and it is always better to be cautious than caught off guard by sudden downturns. Conclusion: The recent sell-off of SHIB following a significant transfer to Coinbase has raised concerns among traders. While the cryptocurrency market continues to offer exciting opportunities, it is essential to remain vigilant and make informed decisions. If you have not yet taken profit from your SHIB investment, consider doing so to safeguard your gains and protect your overall investment strategy. Remember, the crypto market is highly volatile, and making a profit at the right time can be prudent. Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always research and consult a professional financial advisor before making any investment decisions.
Short
by bryandowningqln
1
🔥 SHIBA Bearish Channel: Bear Market Bet!SHIBA has a very decent over the last month or so. It's likely that we get some kind of reversal in the near future. I'm going to increase our bearish chances by waiting patiently for SHIBA to reach the top resistance of the channel. Yes, this trade playing out would require a continuation of the bear market for the next few months. This could also be considered as a hedging trade. Stop just above 1400, target at 500, results in a very decent R/R of 7.92
Short
by FieryTrading
13
SHIB: Resistance BreakoutShiba Inu (SHIB) technical analysis: Trade setup : Bullish breakout from Ascending Triangle was followed by a break above $0.000010 resistance and 200-day Moving Average, which confirmed a bullish trend reversal to Uptrend. Price could revisit $0.000012 next. Pattern : Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait for a breakout but Swing traders could trade between the trendlines (Buy at Support, Sell at Resistance) as long as the trendlines are still relatively far apart. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance: Nearest Support Zone is $0.0000080 (previous resistance), then $0.0000055. The nearest Resistance Zone is $0.0000100, which it broke, then $0.00001200.
Long
by altFINS