SHIB: Falling Wedge BreakoutShiba Inu (SHIB) technical analysis:
Trade setup : Bearish breakout from Falling Wedge pattern, price made a new Lower Low, which confirms a downtrend. It’s also broken below $0.000008 support level that held up back in late 2023. However, it is very oversold (RSI < 25) near $0.0000055 support area and could bounce up near term. Notice that price actually reached that level (daily low point) and bounced up. It’s a higher risk swing trade setup since overall trend is down.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $0.0000055. The nearest Resistance Zone is $0.0000080 (previous support), then $0.0000100, and $0.00001200.
Shib
SHIB is about to reach a recent low !SHIB is about to reach a recent low !
This figure shows the weekly candle level chart of SHIB from the beginning of 2022 to the present. The graph overlays the high points and their connections from the past year and a half, as well as the horizontal lines of the bullish starting positions after the end of mid June 2022! As shown in the figure, due to the negative news in recent days, SHIB has retreated to the key support level, which is below the long start level (0.000008030) after the end of mid June 2022! So, once the daily closing of SHIB is below this position for three consecutive trading days, the space below will open, and it is likely to hit a new low in the past year and a half!
Resistance Breakout Challenge and Downward Trend ReturnThe SHIB token has encountered difficulty in surpassing the resistance level in recent weeks, failing to achieve a decisive breakout above the $0.00000890 threshold. Ideally, a confirmation candle should have followed this breakthrough, but instead, a notably bearish candle emerged. Consequently, the overall downward trend of Shiba Inu has persisted, leading it back to the lower boundary of a short-term descending channel within the $0.00000780 range.
Maintaining support within the crucial $0.00000780-$0.00000700 range is of utmost significance for Shiba Inu, as successfully doing so could facilitate a robust recovery for the cryptocurrency. Presently, the price remains approximately 12% above the lowest point of this support range. However, a breach of this support level, as previously mentioned, would indicate an extended period of decline for Shiba Inu.
Should Shiba Inu demonstrate positive responses at its current support level, there is potential for growth following the establishment of a range-bound trend.
Shiba Inu SHIB and the US Debt CeilingNegotiators from Democratic and Republican parties finalized an agreement on Sunday night.
Instead of raising the limit to a specific level, they have opted to suspend it entirely until 2025. This strategic move ensures that their bills can be paid until that date, while also guaranteeing that the next battle to raise the ceiling will not coincide with the upcoming presidential election.
The resolution of the debt ceiling issue brings optimism and stability to the financial landscape, which has a positive ripple effect on the cryptocurrency market.
Bitcoin and the broader crypto market stand to benefit from increased investor confidence, reinforced safe-haven status, enhanced institutional adoption, regulatory clarity, and the overall positive impact on global markets.
SHIB/USDT
Entry Range: $0.00000800 - 0.00000910
Price Target 1: $0.00000990
Price Target 2: $0.00001100
Price Target 3: $0.00001260
Stop Loss: $0.00000700
🔥 PEPE vs SHIBA: Entering Accumulation ZoneA few weeks ago I made an analysis on PEPE vs SHIBA where I discussed how PEPE and SHIBA are alike and potentially following the same kind of price action.
Now that we're a couple of weeks further, it's time to see how PEPE is performing against the historical price action of SHIBA.
As seen on the chart, we're following a very similar pattern (1-2-3). Initial pump after Binance listing, huge sell-off (1), 100% recovery (2), continued selling followed by a small recovery (3).
In my eyes, PEPE is currently in an accumulation phase, just like SHIBA did in 2021. Not sure yet how long this accumulation takes and how low we potentially can go, but I'm fairly certain that PEPE will pump again at some point in the future.
If we follow SHIBA very closely, expect PEPE to sell-off towards the ~90 area in the near future. If we find strong support there we might pump 50%, just like SHIBA did back then.
A speculative bet, but nevertheless a very profitable one if it plays out.
SHIBUSD: Showing Bullish Divergence at the PCZ of a Bullish BatSHIBA INU is Diverging Bullishly at the PCZ of a Bullish Bat after it's spent a few days trading just below it; I think it could make a run for the trend line from here and if it breaks the downtrend line then it can go for the homerun target of $0.015788
🔥 SHIBA High Risk / Reward Reversal: Oversold BounceSHIBA is trading inside a sideways wedge pattern. This pattern has been playing out for nearly a year now, so the expectation is that the support will cause some kind of bounce.
A less risky approach would be to take profits around 1000 instead of 1300.
To add to this analysis, the 3-day RSI is approaching oversold levels very rapidly. An oversold 3-day RSI can often cause a major long-term bottom to be set.
✴️ Shiba Inu Higher Low In ProcessAfter a very strong bullish breakout in early 2023, from January through early February, Shiba Inu is now in the process of producing a higher low.
The correction has been going for more than 3 months (107 days) and we are seeing bullish action today.
There is a hidden bullish divergence with the RSI and this is all happening after a classic ABC EW correction.
These signals are pointing to a potential reversal.
More details on the chart.
Namaste.
🔥TAKE A NICE LOCAL TRADE ON BITCOIN: $31-33K AREA IS A TARGET🔥Hi, friends! Bitcoin is in consolidation for more than 2 months. The price reached the first imbalance and we got the reaction, but I think the price can go lower to accumulate more power before the growth. The whales need more liquidity.
📊 TRADING PLAN FOR BTC:
🔥 pullback to the local low
🔥 volume growth
🔥 bullish BTC
🚩 We need to be careful close to the local lows at $25,800 because the price can update the lows. We need to check DOM and Footrpint to see where will be the support and price reversal.
✅ THE MAIN LONG TARGETS FOR BTC:
1. $31,000 - we need to watch carefully to this area because it's a local high where a lot of buyers will close their longs
2. $32,000 - the most possible targets
💻Friends, press the "boost"🚀 button, write comments, and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Pepe Overtake Shiba Inu or going to zero - The Meme War SagaPepe minting millionaires in its first month. Has ZERO utility and is a playground for whales to pump and dump their friends. However the steam may not have ended and this is the moment of truth for our friend Pepe. If we can create a higher low here, I think there’s reason to believe Pepe could head to 0.000006. However with the massive downfall there will be tons of selling along the way, so can Pepe fight it’s way through or will we see an early death?
Only play with what your willing to loose. Best of luck to my fellow degens.
🔥RIPPLE vs SEC: 2 POSSIBLE SCENARIOS FOR XRP WITH TARGETS🔥Hi, friends! Ripple is one of the few cryptocurrencies that truly holds value and has its own product. The ECB is launching its own digital currency (CBDC), in which Ripple has played a significant role.
🚩There has been a lot of news regarding this company's involvement in developing country currency analogs using blockchain solutions XRP.
📊What could influence the price of Ripple? In May, the Ripple case is expected to conclude. I see two scenarios:
✅1. Negative: the company is found guilty of selling unregistered securities. In this case, the price may fall to the nearest major support zone, specifically $0.37-0.41.
✅2. Positive: the company is acquitted, and the XRP token is deemed a commodity. The price skyrockets, with all growth targets outlined below.
✅ THE MAIN LONG TARGETS FOR XRP:
1. $0.66 - the key level, local high
2. $0.8 - the key level
3. $ 1 - the even number and huge resistance for the price
💻Friends, press the "boost"🚀 button, write comments, and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
🔥DOT IS AT STRONG SUPPORT: 2 TARGETS AFTER THE KEY LEVEL TEST🔥Hi, friends! DOT reach the strong support level and already make a false breakout which shows the price strength.
📊 TRADING PLAN FOR DOT:
1. the false breakout of the key level(already happened)
2. volume growth at the bottom
3. bullish BTC is a must-have for altcoins growth
✅ THE MAIN TARGETS FOR DOT:
🔥 $6.2-6.4 - the value area and strong resistance
🔥 $7 - the key level
💻Friends, press the "boost"🚀 button, write comments, and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
SHIB | Shiba Inu showing a nice bullish divergence SHIB | Shiba Inu showing a nice bullish divergence
Shiba Inu - looking like a good potential bounce with a n oversold bullish divergence in play
| Untested Weekly Pivot In Play
| Room to rise before 20 D.EMA becomes key resistance
| Bullish Divergence
| CVD Trendline Break
| Oversold on the CVD, leaving room to grow
🔥CHILIZ READY TO EXPLODE AFTER 110 DAYS RANGE: R U READY?🔥Hi, friends! Chiliz is in consolidation for more than 100 days. It's enough for the whales to accumulate a lot of coins and start to pump the price.
Now the price fell by -20% after the trap during the trendline breakout. I expect one more local dump after the next attempt to break the trendline.
📊 TRADING PLAN FOR CHZ:
1. the trap of the long traders during the next squeeze to the trendline
2. pullback to $0.178-0.182 value area
3. volume growth
4. bullish BTC
🚩 As you can see, the volume growth during the fall indicates about that the bottom area reached or will be reached soon.
✅ THE MAIN TARGETS FOR CHZ:
🔥 $0.135-0.139 - the value area
🔥 $0.15 - the even number and key level
🔥 $0.179 - the local high and the key level
💻Friends, press the "boost"🚀 button, write comments, and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
🔥MATIC's Next Big Move: Navigating the $0.77-0.84 Value Area🔥Hi, friends! Matic is going to test the $0.77-0.84 value area. It's a huge value area that possibly can be a great support for the price.
📊 TRADING PLAN FOR MATIC:
1. false breakout of the previous low
2. volume growth
3. squeeze to the trendline
4. bullish BTC is a must-have for altcoins to grow
✅ THE MAIN TARGETS FOR MATIC:
🔥 $1.04 - the local high and even number
🔥 $1.25 - the local high and ket level
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
SHIB/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this SHIB/USDT 1DAY chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Shiba Inu (SHIB) neared a five-month low on Friday, as markets reacted to the news that Elon Musk will be stepping down as CEO.
Musk, who acquired the social media company last year, has been at the helm since the takeover but has found a long-term replacement.
Following a high of 0.000008746 on Thursday, SHIB/USD dropped to a bottom of 0.000008549 earlier in the day.
As a result of this sell-off, Shiba inu moved close to Monday’s low at 0.00000835, which was the weakest point the meme coin has hit since January.
Looking at the chart, this latest move occurred as the relative strength index (RSI) moved deep into oversold territory, with a current reading of 23.02.
However, this gives hope to longer-term bulls that a reversal could be on the cards.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
🔥APTOS READY TO PUMP AFTER 3 MONTHS RANGE: BULLISH SCENARIO🔥Hi, friends! Aptos is in 90 days consolidation now. It's borring for retail traders and investors who bought this coin above $ 12-13. I think that whales accumulate enough altcoins that they sold at $ 18-20.
📊 TRADING PLAN FOR APT:
1. trap the long traders through growth to value area $ 12.1-13.7 and fall below local low to collect their sl
2. volume growth at the bottom
3. bullish BTC
🚩 If BTC will start to grow, our 3 targets will be reached very fast.
✅ THE MAIN TARGETS FOR APT:
🔥$ 12.3-13.7 - the value area
🔥$ 16.8 - the key level
🔥$ 20.4 - the key level
💻Friends, press the "boost"🚀 button, write comments, and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
🔥CARDANO (ADA): SHOW YOU THE BEST ENTRY POINT TO LONG🔥Hi, friends! Cardano falls to the $0.38-0.39 value area and the price still holds inside it. If the price fall below this value area and returns inside, it will be a strong bullish signal.
📊 TRADING PLAN FOR ADA:
🔥 liquidity collection below the $0.38-0.39 value area
🔥 false breakout
🔥 volume growth
🔥 bullish BTC is a must-have for altcoin's growth
✅ MY TARGETS FOR ADA:
1. $0.42 - the key level
2. $0.46 - the key level and local high
3. $0.5 - the trendline 4th point
💻Friends, press the "boost"🚀 button, write comments, and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.