Will Shiba Inu start growing again❗️❓🦊In response to the question I raised in the title of this post, I must point out some points that may help you choose Shiba Inu in your portfolio.
The good news for Shiba Inu is that it was able to make a Higher Low (HL) on its chart, as well as break its important downtrend line. But since the Shiba Inu is currently moving near the PRZ(Price Reversal Zone) and the downtrend line, I expect Shiba Ino to push back to the important downtrend line in the coming days and next week.
Another good news is that if Shiba Inu can break the PRZ zone and the important downtrend line to the top, there is a possibility of creating a fan principle at the bottom pattern, which is considered one of the classic reversal patterns, and it is possible that Shiba Inu will start its uptrend again with this pattern.
If the Shiba Inu can make a daily candle above the heavy resistance zone & 0.000018USDT, then I expect the Shiba Inu to make 😱200%😱.
Shiba Inu Analyze ( SHIBUSDT ) 2 days Timeframe ⏰ (Log Scale).
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Shib
position for SHIBhello guys...
shiba made a cup and handle pattern, rise up, and after that made compression and formed a triangle pattern as well.
now shib hits 2 times the top and bottom line of this pattern.
be ready for breaking up and after that based on breaking get positioned in the same way!
always do your own 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 comments.
Altcoins maintain inverse relationship, look at MEMECOINS!Interesting
Majority of #altcoins were lower for most of the day
Except $JASMY!
$BTC opens, goes LOWER & many #altcoin go UP!
Granted, not by much but the inverse is amazing!
#memecoin MOVING
$VOLT $SHIB are we at the last stages of this run?
Not good for bottoming
SHIB USDT BINANCESHIB is following a longer term uptrend (white line).
Before continuation there should be volatility up and down leaning more downward to the white line.
A safe long would be to 1783 resistance (short long).
Looks like at the moment we want to go back towards the white uptrend line.
Could buy in around 1302 support.
RSI is going to now look for support after that big pump SHIB has done these last couple days.
This isn't financial advice and you should DYOR.
Thanks for following.
Please like, share and comment any ideas.
Shib sitting up or rolling over?If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
From an Elliott wave stand point, there is a potential that this move up is just a larger move with in a correction. A blast off or a nice corrective pattern internally retracing this move could be a nice entry for a long. Only thing else I could see is it may be being in the midst of some kind of Diagonal. Also drop some Median Line Trading principle in there as well.
As long as the last pivot holds "price should return to the median line approximately 80% of the time."
Theses levels on watch in case of a pull back.
Cheers!
🔥BITCOIN IS ON THE WAY TO TOP OF CHANNEL. WHY $25,200 SOON?🚀🔥 Hi friends! All markets are doing very well. Crypto especially stands out against this trend. Most of the altcoins we bought made more than 100%, some 200-300%. And Bitcoin, which we bought that month for $16,700, grew by 40%.
Only one(!) monthly candle absorbed the previous FTX dump and months of consolidation. The month, week are closed very bullish.
But what gives me confidence in continued growth? Good condition of the US stock market. Bitcoin is so correlated to global markets. A lot of fundamental events were this week:
🔥 FED rate +0.25%
POWELL (Head of FED):
- I BELIEVE A "SOFT LANDING" OF THE ECONOMY IS STILL POSSIBLE
- FOR THE FIRST TIME, WE CAN DECLARE THAT A DEFLATIONARY PROCESS HAS BEGUN 🚀
🔥 the reports of the three giants Amazon, Google and Apple yesterday cooled down the markets a bit. Bitcoin fell to $23,200. But Apple is rising today, having fully recovered in value after yesterday's drop on a record buyback.
🔥 the lowest unemployment rate in 54 years
✅ The economy looks so strong and it is the best precondition to grow even to $40k per BTC.
📊 TRADING PLAN FOR BTC:
1. reaching the key level and top of the local channel $25,200
2. open a short of the false breakout of channel top happens. This will be the most bearish signal as the return of BTC inside the channel at $17,600
3. open a long if it will be tested as the support (candle should close above the level even if shadow squeeze below). It will be the best confirmation of the presence of the bulls
🚩 If pullback happens now, BTC has more chances to grow to $28k and higher. Because during the pullbacks, the market is cool down, which allows crypto to grow higher and higher.
✅ THE MAIN TARGETS FOR BTC ARE $25,200 AND $28,000 AREA. Here I recommend focusing your attention on closing your longs and try to find the best short entry. Of course, I will inform you about it at TradingView. So stay tuned!
Traders, what are your targets for BTC for this month? $20, 25 or 30k? Maybe $12k? Write your thought in the comments!
💻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.
Bitcoin Looks Pretty Solid For Recovery Descending Broadening Wedge Breakout has already confirmed
Moving Averge golden crossover Is Happening While Btc Testing Crucial Resistance
If Golden Cross Happen And btc Breaks Crucial Resistance Got cleared In Between 24 To 25k Area
Then Btc Can Recover Sharply
Out Midterm Target Will Be 45k Area
Shib poss EW Counta possible count for shib, I,ve got the second big pump it made pegged as an X wave so im expecting back to the highs or close to the highs as the top of a macro 3 wave then down for a month or two before the final pump up somewhere between the 4.618 and 5.618 of the macro 1 wave - lets see how it goes
SHIBA INU (SHIB) technical analysisSHIB has broken the downtrend line, or the downward wedge to be exact, and gone up in the first minor wave. Currently, we are in the minor corrective wave which soon will be over; unless Bitcoin makes another crazy downward move :)
There are two possible upward movements for SHIB: 1. if the upward unfold in an A-B-C wave, after that most probably the major correction will continue and SHIB will go down further. 2. the upward wave can also unfold in five waves.
SHIB: Resistance BreakoutShiba Inu (SHIB) technical analysis:
Trade setup : Following a bullish breakout from Falling Wedge and above 200-day moving average, price also broke above $0.000013 resistance. Trends have reversed. Upside potential to $0.000018 next.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance : Nearest Support Zone is $0.0000100 (previous resistance), then $0.0000080. The nearest Resistance Zone is $0.0000130, which it broke, then $0.0000180.
✴️ Shiba Inu Major Bullish DevelopmentShiba Inu has been growing since late December, wait no, it has been trying to grow since June 2022 but each time it met EMA300 as resistance, a strong rejection happened.
In mid-August 2022 SHIBUSDT tried to move above EMA300 but only did so by a wick, a strong rejection happened and a multi-months long correction followed.
Late October 2022 the story repeats, a wick high that was rejected at EMA300.
Again, but this time 18-January SHIBUSDT faces resistance at EMA300, no rejection, it keeps battling with this level for weeks until finally yesterday EMA300 breaks, the bulls win.
A major development as EMA300 is the longest moving average we track and moving above this level confirms long-term growth.
Moving above MA200 opens the doors for long-term growth but above EMA300 this potential has been confirmed.
As this level is conquered Shiba Inu hits a multi-months high and is set to continue growing.
The next target as usual is mapped on the chart.
You can see the 'Related Ideas' below for previous predictions... They all hit.
Namaste.
Ern Testing Critical Area Ern Range Getting Tighter Also Breaking out To The Upside
Incase Of Breakout Expecting 180% To 200% Bulish Move
GST Long$GST Green Satoshi Token seems to have choose the path UP vs DOWN for now. It may just be bouncing the levels in the triangle. We shall see. If continues up, take profit at marked red circle. If no breakout, expect retrace and swing trading to bottom triangle trendline or buy area. The coin is quite unpredictable. But we do what we can. Lol.
SHIB🐕 breaking out once again? 2Wassup guys! This is a follow-up to my last SHIB idea where we had no trade in the end...
It's still the same song as we are knocking on the cyan channel upper edge (daily timeframe) again and again:
Price is consolidating right below the channel upper edge in form of symmetrical triangle which is usually continuation pattern. It seems to me that Shiba Inu could be ready to break up this triangle📐 and IF successful I think there is chance for run to 0.00001375. I'm setting the BUY STOP-LIMIT order to recent range high anticipating the triangle breakout. If you would like to see SHIB pumping, just smash the 🚀 button! 😀
ENTRY : local high @ 0.00001195
STOPLOSS (SL) : local low @ 0.00001129
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 0.00001375
REWARD RISK RATIO (RRR) : 2.7
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.