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Shib

Alikze »» WIF | Ready to break supply areaIt has been moving in an upward channel at 12h and daily. 💎 Currently, after exiting this ascending channel, it has been suffering for some time in the range of the green box and the supply zone. Considering the density in the trading range, I expect it to enter the ascending channel again after breaking the supply zone. 💎 If the supply zone is broken, it can touch the specified targets and the middle of the channel and then the next supply zone. 💎 Alternative scenario: If the green box area breaks, it can continue correction until 1.96. »»»«««»»»«««»»»««« 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. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze
SHIBUSDT.1DAnalyzing the SHIB/USDT daily chart, it's clear that the market has shown a mixture of explosive growth followed by a sharp decline, which is typical for volatile assets like SHIB. Let's dive deeper into the key technical indicators and the support and resistance levels to get a clearer picture of potential market movements. Support and Resistance Levels: Support Level 1 (S1) at $0.00000549, which the price is currently testing. This level is crucial as it has previously acted as a floor, preventing further downward movement. Resistance Level 1 (R1) at $0.0000219, which marks the recent high point and could serve as a strong resistance if the price attempts to recover. Resistance Level 2 (R2) at $0.00004567, representing the peak of the previous bullish spike. Technical Indicators: The MACD (Moving Average Convergence Divergence) shows a divergence below the signal line and is deeply negative, indicating strong bearish momentum. This suggests that the downward trend could continue unless there's a shift in market dynamics. The RSI (Relative Strength Index) is approaching the oversold region but has not yet breached the 30 level, suggesting that there might still be room for further downside before a potential reversal could occur. Conclusion: From my analysis, the SHIB/USDT pair currently presents a bearish outlook. The price testing the support at $0.00000549 is pivotal; a break below this could lead to further declines, potentially creating new lows. Conversely, should the asset stabilize and rebound off this support level, it could attempt to challenge the resistance levels above. Given the current negative MACD and approaching oversold RSI, traders should remain cautious and look for potential signs of reversal or consolidation at the support level. As always, keeping an eye on broader market sentiment and news that may affect SHIB's price is crucial for timely decision-making.
by MarsSignals
Strong selling pressureBINANCE:SHIBUSDT Shiba has faced a sharp decline in price, and as you can see, it is below its downward trend line and it has failed to break through identified resistance levels. This indicates strong selling pressure and decreased investor confidence. Support and Resistance Levels: Support Level: If the downtrend continues, the price is likely to reach the support level of 0.0000137885. This level acts as a key point to prevent further price declines. Resistance Levels: To reverse the current downtrend, the price needs to break out of the descending channel and surpass important resistance levels at 0.0000150638 and 0.0000160392. Breaking through these levels would indicate a return of buyer strength and the potential start of an upward trend. If the price fails to break through the key resistance levels, the selling pressure may continue to push the price downward. Conversely, if the price surpasses these levels, the likelihood of a trend reversal and an upward movement increases.
by MonoCoinSignal
Why I say SHIBA INCREASE is CLOSE We'll take a look at a few methods of chart analysis that ultimately says a Shiba Inu increase season is on the horizon. ✅ RSI The RSI has been fair to low for an extended period of time. We also observe a bottom out on the RSI where an all time low is observed for the year, likely indicating the bottom is in: ✅ V-Shape Recovery A strong V-Shaped recovery is observed in the 4h, indicating buyers were ready to scoop up lower prices: So what are we waiting for? 👉 Technical Indicator In order to send SHIB, we will first need to see the price close ABOVE the trendline, at which point a "BUY" alert will go off: What would invalidate my bullish sentiment, is IF the price is unable to et back above the trendline pointed out above on the technical indicator, and IF we lost the higher lows: _______________________________________ BINANCE:SHIBUSDT
Long
by CryptoCheck-
SHIB Burn Rate Spike 7300% Sparks Potential for a BreakoutThe Shiba Inu coin (SHIB), often referred to as a meme cryptocurrency, has captured significant attention in the crypto community with a dramatic increase in its burn rate. The recent surge of over 7300% in SHIB's burn rate has sparked optimism and speculation about a possible price rally. Burn Rate Skyrockets According to Shibburn, the burn rate for Shiba Inu ( CRYPTOCAP:SHIB ) soared an astonishing 7334.38% in the past 24 hours, with 2.37 million coins being destroyed. This significant reduction in the coin’s total supply, now trimmed to 589.27 trillion CRYPTOCAP:SHIB , has reignited hope among investors and market watchers. Over the past week, a total of 70.44 million CRYPTOCAP:SHIB were incinerated, further emphasizing the aggressive burn strategy. Market Reaction Despite the burn rate spike,$ SHIB's price has been on a downward trajectory, slipping to $0.00001673, a 3.04% dip at the time of writing. The coin's recent high was $0.00002 on July 16, but it has since faced a steady decline. This price movement has raised concerns among investors, especially given the recent increase in burn activity. Technical Analysis and Market Sentiment Recent CRYPTOCAP:SHIB price analysis indicates a positive sentiment for the asset’s future. The coin is currently navigating a downtrend within a falling wedge pattern, a formation often seen as a precursor to a potential breakout. Further accentuating to the bullish outlook is the Relative Strength Index (RSI) which sits at 44.85. The maturity of this pattern suggests that the downtrend may be nearing its end, paving the way for a possible price pump. Shiba Inu also shows pattern of a Golden cross which is a major bullish reversal pattern it occurs as the result of a crossover of the 200-day average by the 50-day average. Furthermore, SHIB’s futures open interest (OI) rose by 0.81% to $41.56 million, and derivatives trading volume spiked by 42.52% to $68.79 million. These indicators show a growing interest in SHIB among investors, despite the recent price dip. Shibarium's Role Shibarium, Shiba Inu’s Layer 2 (L2) solution, has recently surpassed 6 million blocks, marking a significant milestone for the coin’s ecosystem. This development, coupled with the increased burn rate, suggests a robust underlying framework that could support future price growth. Future Outlook A bullish signal that could indicate the end of the downtrend. With the burn rate surge and strong technical indicators, there is a growing belief that SHIB could reach the $0.0000377 target in August. Conclusion The Shiba Inu coin’s dramatic increase in burn rate and the associated market optimism present a compelling narrative for potential price growth. While the coin has faced a recent decline, the underlying technical and market dynamics suggest a possible turnaround. Investors and market participants should watch closely, as SHIB's price action in the coming weeks could confirm or challenge these optimistic projections.
Long
by DEXWireNews
SHIB: Breakout or Consolidation?The trading volume is 88.414B SHIB, indicating significant market activity. Parabolic SAR indicates a potential bullish trend with the SAR at $0.00001652. The SMA is at $0.00001705, indicating that the current price is slightly above the moving average, which can be a bullish sign. The histogram value is 0.00000011, MACD line is -0.00000001, and the signal line is -0.00000012, indicating a neutral trend but showing signs of a potential bullish crossover. %K at 78.02 and %D at 82.52, indicating near overbought conditions. The RSI stands at 55.80, suggesting that SHIB is in a neutral zone with a slight bullish bias. Market Sentiment The market sentiment for SHIB appears cautiously optimistic. The MACD is showing signs of a potential bullish crossover, while the RSI and Stochastic Oscillator indicate neutral to near overbought conditions. Potential Market Scenarios Bullish Scenario: A decisive break above the dynamic resistance at $0.00001755 could lead to further upward movement, targeting higher resistance levels around $0.00001800. Bearish Scenario: If SHIB fails to break above the dynamic resistance, it could retest the support levels at $0.00001677 and $0.00001598. A break below $0.00001598 could signal further declines. When to Buy SHIB for Investment Current Situation: Given SHIB's current price at $0.00001723 and the technical indicators suggesting potential consolidation or a slight bullish trend, a cautious approach is warranted. Optimal Buying Strategy: Wait for a Breakout or Dip: Watch for a breakout above $0.00001755 for bullish confirmation or wait for a dip towards the solid support level at $0.00001598. Solid Support Level: If the price drops further, the solid support at $0.00001598 is a strong level to consider for investment. Historically, SHIB has found significant buying interest at this level, making it a safer entry point. Gradual Accumulation: Alternatively, adopting a dollar-cost averaging (DCA) strategy by buying small amounts at regular intervals can mitigate the risk of market timing and take advantage of potential dips. Conclusion and Market Outlook SHIB is currently positioned with significant support and resistance levels to watch. While technical indicators suggest potential consolidation in the short term, the MACD showing signs of a bullish crossover and overall market activity suggest room for growth. Impact of Bitcoin: It's essential to note that Bitcoin (BTC) is currently at a crucial level. If BTC fails to surpass its all-time high and experiences a significant drop, it could negatively impact the broader cryptocurrency market, including SHIB. Monitoring BTC's price action is vital for understanding potential risks to SHIB's price movements.
by MonoCoinSignal
SHIBA INU (SHIB)Shiba Inu is a mystery investment strategy web3 layer2 conspiracy to make cryptocurrency on Ethereum better and be more than Dogecoin was going for as a layer1. Shiba Inu is in a gully price range right now. A lot of crypto that falls into a gulch has a hard time climbing out and continues to lose. Due to Shiba Inu being one of the highest in volume on the daily charts and highest in mcap value there is always a potential for the fear of a gully to be surrealistic to an end that leads the imagination to require therapy by eating m&ms mixed with pumpkin seeds; sweet and salty.
COINBASE:SHIBUSD
by CryptocurrencyBlot
Alikze »» DOGE |Descending channel movement scenario🔍 Technical analysis: Descending channel movement scenario - According to the analysis presented in the 4H time frame in the previous post, it faced selling pressure after hitting the supply zone and failing to break it. - The projected downward path is in accordance with the movement path after the break of the green box area, and touched the 0.12590 area and the second green box area. - But currently, according to the correction structure, if the green box area is broken, the correction will continue. - Therefore, as long as it is below the Fibo area of ​​1.618, the first target close to it can be the range of 0.097 and then the specified Fibo 100 range of 009214. Considering that it is moving in a descending channel, the Fibo 100 zone can collide with the bottom of the descending channel. 💎 Alternative scenario: In addition, if it can stabilize the neckline or Fibo range of 1.618 towards the break and above it, it can be the first target of the ceiling of the descending channel and the range of 0.1464. »»»«««»»»«««»»»««« 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. »»»«««»»»«««»»»«««
Short
by alikze
8
Alikze »» 1000PEPE | Pull Back to the broken structure🔍 Technical analysis: Pull Back to the broken structure - In the frame time frame, a five -wave cycle has completed the upward movement. - It is currently moving in a mid -time uptrend. - After several reactions to the major roof, it eventually faces pressure in the middle of the channel and is now on the uptreen floor. - This short return can continue the correction after the money to the broken structure, by failing the channel to the origin of the Movement and the Buyer Zone. 💎 Alternative scenario: can test the fiber range of 2.618 and the middle of the channel if it can break the supply area. »»»«««»»»«««»»»««« 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:1000PEPEUSDT.P
Short
by alikze
SHIB looks bearishFrom where we placed the red arrow on the chart, SHIB has entered correction. Considering the time of the waves and the price range, the correction seems to be a diametric. The price is expected to reject downwards from the red range. The targets are clear on the chart. Closing a daily candle above 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
3
SHIBUSDT.1DIn my technical analysis of the SHIB/USDT daily chart on Binance, I focus on the trend behaviors and key indicators that could provide insights into future price actions. The chart reveals a volatile journey for SHIB/USDT, particularly noticeable in the sharp spike and subsequent fall during early 2024, characterized by point A on the chart. This volatility has since tapered into a descending triangle pattern, indicating a potential continuation or reversal could be forthcoming. Firstly, let's consider the support (S1) and resistance levels (R1, R2). Currently, the price has stabilized near a critical support level (S1) at approximately $0.00000853. This level is crucial as it has historically acted as both support and resistance, suggesting a strong psychological price point for traders. Resistance levels are identified at $0.00002019 for R1 and higher at $0.00004567 for R2. Overcoming these levels would require significant bullish momentum, likely driven by broader market trends or specific catalysts affecting SHIB. The Relative Strength Index (RSI) is near the 50 mark, indicating neither overbought nor oversold conditions. This neutrality suggests a potential for either movement direction, depending heavily on market sentiment and upcoming news or events that could sway investor behavior. The MACD, while currently below the signal line, shows signs of converging. A crossover above the signal line could be a bullish indicator, suggesting an increase in upward momentum. However, the histogram reflects minimal momentum in either direction, reinforcing the current market uncertainty. Given this analysis, the immediate strategy would be to watch for a decisive break either above R1 or below S1. A break above R1 could suggest a potential trend reversal, targeting further resistance at R2. Conversely, a fall below S1 could confirm the continuation of the bearish trend, potentially leading to new lows. In conclusion, my focus will remain on these critical thresholds (S1 and R1), monitoring for significant price movements that could indicate a larger trend change. The balance between observing technical signals and staying informed on market-wide influences will be essential in navigating SHIB/USDT’s future movements effectively.
Long
by MarsSignals
Shiba Inu Coin: Is a Bullish Breakthrough Imminent?BINANCE:SHIBUSDT has shown notable bullish momentum on the 4-hour chart, suggesting potential upward movements in the near term. Recent closing prices indicate a gradual upward trend, with the latest closing price at $0.00001647. Exponential Moving Averages (EMA) reflect this positive sentiment. The 9 EMA is currently above the 20 EMA, indicating a bullish trend. This alignment suggests that the short-term momentum favors buyers, with the 9 EMA values showing a steady increase, reflecting recent upward price movements. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator also supports this bullish outlook. The MACD line is above the signal line, with the histogram consistently positive. This configuration indicates that buying pressure is outweighing selling pressure. It also reinforces the potential for continued upward movement. Relative Strength Index (RSI) values oscillate around the mid-50s, slightly favoring the bullish side without being in overbought territory. This suggests that there is room for further upward movement before any potential reversal or correction. Key resistance levels to watch include $0.00001659, which is the immediate resistance level. A break above this could pave the way for further gains. The $0.00001714 level is critical, and if the Shiba Inu coin manages to surpass this, it may test even higher levels. Breaking $0.00001731 would confirm a strong bullish trend, likely leading to significant price increases. On the downside, $0.00001550 serves as the immediate support level. If SHIB pulls back, it may find buyers around this level. The $0.00001309 level is a more substantial support that could provide a strong base in case of a broader market correction. For potential trading strategies, traders could consider entering a long position if the price breaks above the $0.00001659 resistance level with strong volume. Potential exits could be near the $0.00001714 and $0.00001731 levels. Tightening stops as the price approaches these levels can help protect profits. On the other hand, a short position might be considered if the price fails to break above $0.00001659 and shows signs of bearish reversal. Covering the short position around the $0.00001550 support level could be prudent. A break below this level might target the $0.00001309 support. In conclusion, SHIB shows promising bullish signals with critical resistance levels in sight. Traders should monitor these levels closely and adjust their strategies accordingly to capitalize on potential price movements.
by Ecoinimist
XAR/USDT THE NEXT HYPE COIN SPOT INCREASE 4xXARUSDT shows since today a volume confirmation, which can get a confirmation in the coming time frame. This spot coin has a high possibility of breaking soon. our expectation for this coin in the coming time $0,20 We will follow the market and see what XAR can do with volume . This coin is found after our spot study to a coin that can show new possibilities in price action. This coin has a high-risk/reward star The coin has seen a breakdown history until today some volume trends seem to have changed to positive which could build a new cycle to an uptrend. There is a good chance this coin can show a break up $0,10 soon.
Long
by SatochiTrader
SHIB RocketsSHIB is exhibiting strong bullish momentum, with recent price action reflecting a rapid ascent. Key indicators point to robust buying pressure, but significant resistance levels could test the strength of this uptrend. Technical Insights 1. Support and Resistance Levels: • Immediate Support: SHIB has strong local support around $0.00001550. Maintaining above this level is critical for continued upward movement. • Immediate Resistance: The price is approaching solid resistance at $0.00001625. This level could push the price back for a while before any further gains. • Solid Support: If a pullback occurs, solid support lies at $0.00001450, which could act as a foundation for another rally. 2. Momentum Indicators: • Stochastic Oscillator: Both %K and %D lines are in the overbought territory, suggesting that a pullback or consolidation might be imminent before the next upward move. • Relative Strength Index (RSI): The RSI is above 70, indicating overbought conditions. This could lead to a short-term correction or consolidation period. 3. Moving Average Convergence Divergence (MACD): • The MACD is positive, with a bullish histogram, indicating continued upward momentum. However, the market may see some short-term fluctuations. Most Probable Market Scenarios 1. Bullish Continuation: • If SHIB can break and hold above the immediate resistance at $0.00001625, the next target could be higher resistance levels, potentially around $0.00001800. • Sustained buying pressure and high trading volumes would support this scenario. 2. Pullback and Consolidation: • Given the overbought conditions indicated by both the RSI and Stochastic Oscillator, a pullback to around $0.00001550 or even $0.00001450 could occur. This would provide a healthier base for future gains. • Maintaining above these support levels is crucial for preserving the bullish outlook. Outlook SHIB is in a strong uptrend with bullish momentum. Traders should watch for potential pullbacks to key support levels, which could present buying opportunities. Breaking through the $0.00001625 resistance will be pivotal for continued upward momentum towards higher targets. Summary: • Short-term: Bullish but watch for potential pullbacks due to overbought conditions. • Mid-term: Holding above $0.00001550 support is key; breaking above $0.00001625 could target $0.00001800. • Long-term: Sustained bullish momentum depends on overcoming significant resistance levels and maintaining high RSI.
by MonoCoinSignal