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Shib

SHIBA - Bearish Signal | Weekly TimeframeShiba Inu has formed a bearish double top candle stick pattern in the weekly timeframe. This will likely lead to a drop, especially considering that a key diagonal support has been lost - marking the first invalidation of higher highs, in other words short term BEARISH: We've seen something similar previously, leading to a near -60%drop. Although I really doubt we'll see that kind of pullback (considering it was in the heart of the bearish cycle) I do think a -10% to -15% is possible: _______________________ BINANCE:SHIBUSDT
Short
by CryptoCheck-
1
Shiba Inu Burn Rate Explodes by 6750%- $SHIB to $0.01 Realistic?The Shiba Inu Burn Rate recently rocked by a staggering 6750%. With nearly 27.1 million coins taken out of circulation in a single day, this development has reignited bullish sentiments and heightened expectations among investors hoping to see the token soar to its long-anticipated $0.01 price target. Burn Rate Surge and Ecosystem Growth The Shiba Inu burn rate has long been a key factor in market optimism for the token's future. The recent uptick marks another significant milestone, with the supply steadily decreasing. According to Shibburn data, the total circulating supply now stands at 589.26 trillion coins. This burn activity exemplifies the fundamental economic principle of supply and demand, where a shrinking supply combined with sustained demand can create upward price pressure. Shiba Inu’s ecosystem is also growing in prominence. Its Layer 2 solution, Shibarium, continues to see rising activity. Shibarium has sparked enthusiasm, as its growth signals the potential for further adoption and utility within the network. Such developments draw parallels to the meteoric price rally witnessed during Shiba Inu’s historic bull run in 2021. However, despite this burn surge, Shiba Inu's price dipped by 2.5% to $0.00001806 at the time of writing. The broader market correction has tempered short-term optimism, but long-term prospects remain intact thanks to the ongoing token burns and ecosystem expansions. Prominent figures within the SHIB community, such as marketing lead LUCIE, continue to advocate for the $0.01 target, although they acknowledge that patience will be required for the coin to reach that level. Technical Analysis From a technical perspective, Shiba Inu ( CRYPTOCAP:SHIB ) is trading within a weak channel, struggling to maintain momentum. The Relative Strength Index (RSI) currently sits at 38, signaling that the asset is in oversold territory. This could indicate that a potential reversal is on the horizon, especially as the token attempts to break through key resistance levels. The chart shows that CRYPTOCAP:SHIB recently broke down from a rising wedge pattern, which is traditionally seen as a bearish signal. The falling wedge pattern suggests that a period of consolidation might be imminent before a strong upward movement. The next significant resistance is at the $0.00002 pivot point, which could act as a springboard toward $0.00002174 — the token’s one-month high. A move toward the $0.000021 mark would likely attract a new wave of buyers, potentially triggering a fresh rally. For the bulls to regain control, though, significant token burns will be essential to reduce supply and increase scarcity. The 50, 100, and 200 Moving Averages also present a mixed outlook, indicating further consolidation might occur before a definitive trend emerges. Shiba Inu's Historical Significance and Outlook The Shiba Inu token ( CRYPTOCAP:SHIB ) holds a unique place in cryptocurrency history as the first "mascot" coin to be involved in such a large-scale charitable act. Vitalik Buterin, the co-founder of Ethereum, made headlines in 2021 when he donated a massive amount of CRYPTOCAP:SHIB to the India COVID Relief Fund, a move that remains one of the largest crypto donations ever. This philanthropic association with CRYPTOCAP:SHIB has elevated its status in the eyes of the crypto community. Looking ahead, CRYPTOCAP:SHIB ’s path to the $0.01 price target will largely depend on several factors: the continued burn rate, ecosystem development, and broader market trends. While it remains a long road, the strong community backing and recent technical signals suggest that Shiba Inu ( CRYPTOCAP:SHIB ) could once again surprise investors with a sharp upward trajectory, provided the burn rate continues at its current pace. In conclusion, Shiba Inu’s recent burn rate explosion is a bullish signal for its long-term prospects. Although the token faces immediate challenges due to technical resistance and market corrections, the fundamental outlook remains optimistic. Investors should closely monitor key levels such as $0.000021 and $0.00002 for signs of a potential breakout. As always in the volatile crypto space, patience and a careful eye on both fundamentals and technical indicators will be crucial to navigating the journey toward $0.01.
COINBASE:SHIBUSDLong
by DEXWireNews
SHIB Shiba Inu Potential breakoutIf you haven`t bought SHIB before the previous rally: nor sold the top: Analyzing Shiba Inu’s chart, it appears to be entering a phase of accumulation following the conclusion of a falling wedge pattern, which is often a bullish signal. Given this setup, I anticipate a potential upward movement in SHIB over the next two weeks as buying pressure builds. The price action suggests growing momentum, and I’m targeting the next key resistance level at $0.00001500. This zone could act as a pivotal point for the next leg higher if the bullish sentiment continues to strengthen.
Long
by TopgOptions
2
ShibaInu SHIB price at critical zoneJust look who decided to wake up - it's our sweet #ShibaInu CRYPTOCAP:SHIB price is near the upper boundary of the falling channel, it can break through to $0.000020-0.000021 But a safe medium-term purchase, after the OKX:SHIBUSDT price breaks out and fixes outside the channel and closer to $0.000015 This is depicted schematically with a blue zigzag) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
3
Alikze »» Dogs | Descending channel🔍 Technical analysis: Descending channel - It is moving in a descending channel in the 4H time frame. - Due to the fact that there is a demand in the middle of the channel, this movement can continue up to the ceiling of the channel. - At the top of the channel, if there is a correction and a soft landing up to the green box range, it will have the ability to grow up to the specified areas by creating demand again. 💎 Alternative scenario: in case it faces selling pressure after hitting the ceiling of the channel and this selling pressure continues sharply, it will lead to the failure of the middle range of the channel and the green box will not be able to hold the price and it can The broken move towards the downward targets and the bottom of the channel until the range of the second green box. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:DOGSUSDT
Long
by alikze
Should we buy #Shib or wait?The specified area is very important and vital for #Shiba, if this area is not broken, the price will have a sharp fall, if this level is broken, it can also bring a strong price growth. If you haven't bought Shiba yet, wait for it to cross the trendline and resistance level. If you already have Shiba, you can cross this zone with the risk of freeing. Overall, this area is very important, and I think the price has been deliberately kept in these areas so that if the Bitcoin situation remains positive, Shiba will also break this level and prepare to conquer higher prices. #shib
by Reza_kahe
DOGECOIN MAJOR BUY ZONE INCOMING AND POTENTIALLY LOWER?Here's the important numbers for doge at the moment. You can adjust them a bit for your needs. There is some really short term indicators that, when reset, put everything in alignment to see a lot of bullish movement coming into DOGE. Again, because the market is the market it can easily break through this strong trend it's about to hit. Good news is it falls to support at .0888 Even better news, should it fall more, there is support at an even lower level, likely. I'd be looking to see if I can get my position set soon. I think there is a bullish future for this good dog. Watch SHIB for a bigger move to the upside, with a drop that would be to basically zero. Doge has the support to take it up to .29 and maybe even .45, and as quick as dogecoin can confirm a jump like that, you'll see it at probably $10. I've been consistently super bullish on this coin, and currently, I'm liking the look of the chart.
COINBASE:DOGEUSDLong
by nicktussing77
PEPE forecast price🐸 1000PEPEUSDT.P Technical Analysis: We’re currently at a critical support level around 0.0088004 📉. If price stabilizes below this area, expect further drops to the 0.0076411 zone, marking a potential 13.04% decline 📉. However, there's a descending trendline ⤵️ pressing the price down. A break above this line would be a sign of reversal 🔄, targeting the first resistance at 0.0095467 💥. If the price holds above this point, it could trigger a bullish move towards higher resistances at 0.010237 (a 10.74% increase) and then to 0.0118714 (a 19.64% increase) 📈. Key strategy: Watch for volume spikes 📊 and wait for a clean breakout above the descending trendline for a potential buying opportunity 🚀. If support breaks, prepare for deeper pullbacks ⬇️. Stay sharp and manage your risks properly! 🛡️"
by ahmadarz
SHIB Is BullishFrom where we put the green arrow on the chart, it looks like a big bullish triangle is over. By maintaining the green range, it can move towards the targets. The targets are marked on the chart. Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
SHIB/USDT Secondary trend. Channel. 14 months accumulation.Logarithm. Time frame 1 week for clarity of the channel range. 3 weeks ago, there was an exit of the price under the support of the accumulation channel by a large percentage. Many long positions were liquidated. The chart shows the percentages from this reversal zone to the channel resistance, as well as the average profit percentage when exiting this accumulation channel from the average set price to the significant first resistance. This is what the chart of this cryptocurrency looks like on a line chart without the “market noise” volatility. Accumulation Zone. Pump/Dump and compliance with risk and money management. Remember, this is a pamp/dump meme cryptocurrency, which even at -93% down from peak pumping and with a set zone of about 14 months (!) is at an inadequate profit. That's why follow risk management in your work. It is more rational to work on such cryptocurrencies, not with stops (high volatility, slippage at high %, high probability of beaten out before price increase, the large value of stop is meaningless, they can beat out at -2% and -40%), and work from average buy/sell price (only spot!) with reasonable observance of money management.
Long
by SpartaBTC
43
Alikze »» SHIB | Upward wave 3 scenario🔍 Technical analysis: The scenario of the 3rd wave of the rising super cycle - In the analysis presented in the previous post , after an upward wave up to the area of ​​2.618, the previous wave itself experienced significant growth. - Currently, in the weekly time frame, after going through a downward trend in a channel, it managed to have a complex structural correction to the green box range, which led to an exit from the channel. - Therefore, according to the current momentum, it will have the ability to reach the target of Fibo 1.618 range and then up to its previous ceiling. - After that, if the previous ceiling is broken, the rising wave can extend to the specified supply area. 💎 In addition, if the previous floor or green box of stabilization occurs, the bullish scenario will be invalidated. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:SHIBUSDT
Long
by alikze
BTCUSD 8H: Locked in range / Short TP 55 000 usd🔸Hello traders, today let's review 8hour price chart for BTCUSD and potential reversal zones. So far price remains locked in tight trading range since March 2024, range highs set at 68 000 USD and range lows at 57 000 USD. 🔸Premium prices overhead at 71 500 / 74 000 USD and below at 55 000 / 53 000. Currently trading mid-range so no trades recommended in this zone. 🔸Ongoing compression in a tight range and low volatility ongoing since March 2024. This suggests that we are in accumulation/distribution stage right now and eventually range breakout will result in a high volatility move. Until then though makes sense to focus on trading range highs and range lows. 🔸Recommended strategy for position traders: Wait for price to max out near range highs and get ready to short from premium levels. Conservative TP on sell side at 55 000 USD. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
BITSTAMP:BTCUSDShort
by ProjectSyndicate
14