Alikze »» CAKE | Dynamic trigger failure and pullback completionIn time 1W, after a zigzag correction, it will have the ability to rise to the targets specified in the chart by breaking the dynamic trigger and pullback to it by breaking the most important neck line resistance. According to the current motivational wave, this step can be fast. But its first supply zone will be in the range of 4.8 to 5.4 dollars.
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Shib
Alikze »» SHIB | Bullish Flag🔍 Technical analysis: Bullish flag in corrective zigzag wave 4
According to the analysis presented in the previous post, wave 3 or rising C in the area of 2.618 Fibo of the previous wave itself was completed.
💎 But now in the 1D time frame a bullish flag is formed in the form of wave 4 zigzag.
After exiting the congestion and descending channel in the supply range, it has faced selling pressure.
💎 Therefore, it can be offered after the pullback to the broken structure in the liquidity range by successfully collecting liquidity to break the zone.
💎 In addition, if the candle closes to the sub-zone in the daily time, the bullish scenario will be invalid and should be re-examined and updated.
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Alikze »» TURBO | 4H descending channel🔍 Technical analysis: Moving in the descending channel
- The daily frame time is moving in an upstream channel.
- But in the 4H frame time, there is a corrective form that is moving within a downtrend.
- This correction can first touch the range of 0.003052 if it is below the supply area and can extend this correction to the middle of the channel if continued.
💎 Alternative scenario: Also, if it can break the 0.0061 area, it could form an upward flag pattern that can continue the uptrend and continue its growth channel as much as the channel supply.
If the behavior and structure of the post will be updated, it will be updated.
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SHIBUSDT.1DUpon analyzing the daily chart for SHIB/USDT, I have identified several critical elements that provide insight into the current market condition and potential future price movements.
Technical Analysis Observations:
Support and Resistance Levels (S1, R1, R2):
Support Level 1 (S1): At approximately $0.00001057, this level has been a significant support zone. It marks a crucial floor that, if breached, could signal further declines.
Resistance Level 1 (R1): Positioned at $0.00002019, this is the immediate resistance level. A break above this could indicate the start of a bullish correction.
Resistance Level 2 (R2): Located at $0.00003000, this higher resistance level would be a more extended bullish target.
Trend Indicators:
The descending trendline marked by R1 and R2 highlights the overall bearish trend. A break above this trendline would be a strong indicator of a potential trend reversal.
The recent price action shows the price testing lower support levels, indicating persistent selling pressure.
RSI (Relative Strength Index):
The RSI is currently at 39.62, suggesting that while the asset is not in the oversold territory, it is approaching levels where a reversal could be expected if buyers step in.
MACD (Moving Average Convergence Divergence):
The MACD lines are below the signal line, and the histogram is negative, indicating ongoing bearish momentum. However, the MACD lines are flattening, which could suggest a potential reduction in bearish momentum and an upcoming crossover.
Conclusion:
The SHIB/USDT pair is at a critical juncture, testing significant support at $0.00001057. The RSI nearing oversold levels and the flattening MACD suggest the possibility of a short-term rebound. However, the prevailing bearish trend underlined by the descending trendline and MACD requires caution.
For trading strategies, one could wait for a confirmation of reversal signals, such as a bullish RSI divergence or a MACD crossover. A break above the immediate resistance at $0.00002019 would provide a stronger confirmation for a bullish reversal, targeting $0.00003000. Conversely, a break below the support at $0.00001057 would indicate further downside, necessitating close monitoring for new support levels.
Implementing risk management strategies, such as setting stop-loss orders just below the support levels and taking profits near resistance levels, is crucial in managing potential risks and optimizing gains in such a volatile market. Monitoring external market factors and news that could influence price action is also essential.
$BOME | Here is another 10-20x meme coinIf you remember CRYPTOCAP:PEPE , we made 20x profit from it📈
Here is another 10-20x meme coin. Check out ECONOMICS:BOME if you're ready to take a small risk. It can give us multiple x return!
Like Pepe and Shib, it also listed on binance with a billion dollar market cap and we saw a big selling pressure after listing!
After a big dump there will be a few weeks of accumulation. Then we may see the expansion move 📈
Meme token is very high risky so go with small investment!
ECONOMICS:BOME DCA Level : 0.0060 - 0.0040 - 0.0025
Target : 5x 10x 15x 20x
#Dyorrr
IF YOU LIKE THIS POST PLESE DO FOLLOW & BOOST. THANK YOU.
SHIBAINU - Starting a new Bullish Move ? (READ THE CAPTION)By examining the #ShibaInu chart on the weekly timeframe (logarithmic), we observe that after an attractive growth, this cryptocurrency has again undergone a correction. We should soon expect the end of this correction and the beginning of the next bullish wave. Keep an eye on these prices: 0.00001542, 0.00001385, and 0.00001248. The new wave will likely start its next move after correcting to 1542. (This analysis will be updated)
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Potential Bullish Reversal for SHIB Shiba InuIf you haven`t bought SHIB before the breakout:
Nor sold the top:
Now upon analyzing the chart pattern of SHIB Shiba Inu, it appears that a falling wedge formation is currently in play. This pattern is characterized by converging trendlines sloping downward, with a series of lower highs and lower lows. In technical analysis, a falling wedge is typically interpreted as a bullish reversal pattern.
The falling wedge on SHIB suggests that despite recent declines, there is potential for a bullish breakout. As prices continue to oscillate between narrowing support and resistance levels within the wedge, there is anticipation among traders and investors for a potential upward movement. This pattern often signals a gradual weakening of selling pressure and a potential shift towards buyers gaining control.
SHIBUSDT.1DThe SHIB/USDT pair, as shown on the daily chart, trades at $0.00001655, demonstrating a significant bearish trend with a recent decline in value by approximately 5.59%. The trading environment has been largely bearish over the past months, following a failed breakout above earlier resistance levels.
Key Support and Resistance Levels:
Resistance 1 (R1): $0.00002155 - This level marks a recent high that SHIB failed to surpass, forming a clear resistance zone.
Support 1 (S1): $0.00001413 - This is a critical support level where previous lows have converged, potentially serving as a stabilization point if bearish momentum continues.
Technical Indicators:
MACD: The Moving Average Convergence Divergence (MACD) is currently below the signal line and has moved into negative territory, indicating increasing bearish momentum.
RSI: The Relative Strength Index (RSI) is at 31.71, nearing the oversold territory, which may suggest that SHIB is under substantial selling pressure but could also indicate a potential reversal if it moves further into oversold conditions.
Analysis Conclusion:
The current technical setup suggests that SHIB is experiencing strong bearish pressure, with the potential for further downside if it breaks below the support level at $0.00001413. The proximity of RSI to the oversold region might slow down the selling momentum, possibly leading to a short-term bounce or consolidation. However, unless SHIB can reclaim higher levels above the current resistance at $0.00002155, the overall market sentiment remains bearish.
Investors should watch for any movement that breaks out of the current trading range as a signal for potential trend reversals or continuations. Given the negative momentum indicated by the MACD and the critical support levels outlined, the strategy should be cautious, prioritizing risk management and staying alert for any signs of a change in market dynamics.
Alikze »» DOGE | Ready to defeat the PRZ zoneAccording to the previous analysis in the currency post that was mentioned, it faced a negative reaction in the second PRZ area and corrected according to the movement path to the specified areas.
💎 But now, due to returning from the specified area, it has attacked PRZ again with a good momentum.
💎 Therefore, this return wave can break the area for the next target, which is the supply area, if it can return in the specified area.
💎 In addition, if this pattern is completed, it can form a data valley, which can continue the path according to the previous post after completing the last log.
💎 Alternative scenario: in case of a break, the green box area can continue to be modified until the next area, which should be reviewed and updated again.
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Alikze »» PEPE | Support of the bottom of the ascending channelAt 8h, it is in the trading range area, which has good reactions to the supply and demand areas.
💎 Currently, it is moving to the supply zone in an upward channel, which has faced a temporary correction after the negative reaction to the zone. But if it maintains the area of 0.00000894, it can break the supply area and continue its growth until the next supply area.
💎 Alternative scenario: In addition, if the bottom of the channel breaks the indicated area, it can continue to correct the demand area.
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SHIB - This Indicator says SELLSHIB has just flashed a dangerous "SELL" alert.
This indicator is highly accurate in higher timeframes, especially the weekly. Look at all the "SELL" signals and how far the price drops after:
From a trendline perspective, SHIB HAS to stay ABOVE the current support line (Fibonacci line 0.236). If it falls under, SHIBA will be at risk of falling to the dotted line, which is BEARISH.
In case you missed it, my take on Bitcoin for the SHORT TERM:
________________________
BINANCE:SHIBUSDT
SHIBUSDT.1DIn this technical analysis of the SHIB/USDT daily chart, we explore the recent price movements and use key technical indicators to forecast potential future trends.
Key Observations:
Current Price and Recent Movement:
SHIB/USDT is trading at a price of $0.00001854, showing a moderate increase of 2.49% today. This suggests a possible change in market sentiment or response to external stimuli.
Support and Resistance Levels:
R1 (Resistance Level 1): $0.00001825 - It's noteworthy that the current price has surpassed this level, indicating a potential new support if the price sustains or advances further.
R2 (Resistance Level 2): Marked on the chart but not numerically identified, this would be the next target for bullish momentum.
S1 (Support Level 1): Marked around a previous low (exact value not visible), serving as the primary support area to watch if a reversal occurs.
Technical Indicators:
MACD (Moving Average Convergence Divergence): Currently below the zero line but the histogram suggests decreasing negative momentum, indicating a possible bullish reversal in the making.
RSI (Relative Strength Index): At 31.26, it's nearing the oversold territory, which might attract buying interest as traders perceive it as undervalued.
Analysis and Conclusion:
The current trading pattern in SHIB/USDT reflects a slight bullish recovery, indicated by the price crossing above R1. If the market sustains this rally, R2 could be the next logical target. The improving MACD, moving from deeper negative territories towards the baseline, supports this bullish outlook as it often precedes a change in trend.
However, the RSI near the oversold boundary suggests that while immediate selling pressure might be subsiding, caution is still warranted. A retest of the new support level at R1 (previously R1 resistance) could confirm its reliability for maintaining the upward momentum.
$SHIB the memecoin for this cycle?My thesis for this next move higher is that Solana coins are done and Ethereum coins are in.
Because of that, I think SEED_DONKEYDAN_MARKET_CAP:BONK sees one more exit pump and then CRYPTOCAP:SHIB becomes the memecoin for this cycle (Ethereum based).
I think there's a possibility of one more retest of the lower support before the move higher starts, but once it does, I think there's 15x upside potential to the top resistance.
Let's see what happens.
SHIB: buy📊Analysis by AhmadArz:
🔍Entry: 1875
🛑Stop Loss: 1728
🎯Take Profit: 2009 - 2137 - 2334
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
Shiba is currently well-positioned for growthIn the daily chart of Shiba, positive divergence is visible across multiple indicators. This suggests that Shiba is in an excellent position to experience significant growth from this area. Positive divergence occurs when the price makes lower lows, but indicators like RSI and MACD make higher lows, signaling weakening bearish momentum and a potential upward reversal.
Shiba is currently well-positioned for growth. If Bitcoin and the broader market conditions remain stable, Shiba could see considerable growth from this range.
Alikze »» BABYDOGE | Wave 3 or C scenarioIn the previous analysis, we saw a 50% growth.
But it is currently facing selling pressure in the supply zone, which we expected to move up to the specified zone according to the survey.
💎 Now, according to the structure and behavior of the current movement, it is in wave 4 of 3.
💎 Therefore, if the demand area does not break down and in the range of 0.000000001864 the support area faces renewed demand, we will expect a break in the supply area for the targets of 1.618 and 0.000000002900
💎 So if this movement path is realized, it will have the ability to reach the specified supply area.
💎 If the support box area is broken, the specified movement path will be invalid and must be re-examined and updated.
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SHIB: buy in best level📊Analysis by AhmadArz:
🔍Entry: 2425
🛑Stop Loss: 2244
🎯Take Profit: 2606 - 2808
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
(SHIB) shiba inu "historical volume; above $1B"Placing lines on all the dates with the highest historical volume above $1 billion. The darkest thick line is the date with the highest volume $11 billion March 5th 2024. The top 5 highest dates of volume are in darker red. The rest appear in thin lighter red lines.
SHIB/USDT Ready For a Breakout From Descending Triangle👀🚀💎#SHIBUSDT is tracing a Descending Triangle pattern and we expect a bullish breakout from this.
💎The horizontal support level has been tested multiple times. The 200 moving average highlights a bullish trend. A definitive breakout from the triangle pattern is essential to confirm a bullish move.
💎When it breaks free, we'll closely monitor a retest to validate the breakout before executing our strategies. If #ShibaInu maintains the support at $0.00002068 and rises, we aim for the resistance zone we've outlined.
💎However, if #SHIB fails to hold this support and slips back into the pattern, it may indicate a weakening bullish trend. In this case, the price could fall to the next significant support level at $0.0000182.
💎Previousally, CRYPTOCAP:SHIB has shown a robust ability to rebound from this level. If this pattern persists, a strong recovery could be in play. Nevertheless, a decisive break below this support would shift our bullish perspective towards a more bearish outlook.
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