Shiba Inu (SHIB) Poised For Greatness Shiba Inu (SHIB) are indicating an upward trend, signaling a breakout rally. Following a successful retest of the $0.000080 support level, Shiba Inu has seen an increase of over 15% in the past 24 hours.
The memecoin needs to surpass and maintain a level above $0.0000093.
At the time of writing, SHIB is trading at $0.0000092, recording a 10.23% increase in the past 24 hours. The lowest and highest price levels during this period were $0.00000815 and $0.0000095, respectively.
The trading volume of the memecoin also experienced an 81% increase in the past 24 hours.
Shiba
SHIB: Resistance BreakoutShiba Inu (SHIB) technical analysis:
Trade setup : Following a bullish breakout from Falling Wedge pattern, price has now finally also broken above $0.0000080 resistance and 200-day moving average, which confirms a bullish trend reversal to an Uptrend. Upside potential to $0.00001 next. (set a price alert).
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.0000070, then $0.0000055. The nearest Resistance Zone is $0.0000080, which it broke, then $0.0000100, and $0.00001200.
#SHIBA#SHIBA
Currently the coin found its support at 0.07981$
Personally expect to see the coin at around 0.09843$ 1st where we will see bear reaction. (2)
Only after breaking above that level we can expect it higher at 0.119$ (3)
If the coin manages to break above 0.139 in this case consolidation between this price and 0.152$ possible where either init breaks above 0.152$ and goes higher (4. 5.) or below 0.139$ in this case it may come back to 0.119$ or even 0.098$
My bullish TA invalidates if the coin comes back to its support at 0.07981$ and closes below with H4 or H6 in this case the coin will dump till that green box that you see on the chart.
SHIBA INU Technical Analysis And Trade Idea SHIBWelcome to our SHIBA INU Technical Analysis and Trade Idea. In this video we dive deep into the SHIB/USDT pair, focusing on the prevailing bullish sentiment found in the weekly (1W) and daily (1D) timeframes. Notably, our charts signal that SHIB is currently on the verge of a crucial support level, a pivotal turning point for this digital asset. Throughout this discussion, we'll explore the fundamental tenets of technical analysis, encompassing vital aspects such as analyzing the ongoing market trend, price dynamics, market structure, and other critical elements of technical analysis. As we progress through this analysis, we'll meticulously examine a potential trading opportunity within the SHIBA cryptocurrency.
It's essential to underscore that the insights we share in this presentation are intended solely for educational purposes and should not be construed as financial advice. Participating in the foreign exchange market and cryptocurrency trading carries a significant level of risk. Therefore, it is imperative to prudently incorporate robust risk management strategies into your trading plan to effectively navigate these challenges.
#Shiba #shibusd targets until the end of 2023.Shiba's TARGETS until the end of 2023.
Unfortunately, Shiba's charts are incomplete and do not show the initial movements and rises of this currency, so it is difficult to analyze its next goals.
But if we consider the same chart and consider the Ascension from 2020 to 2021 as a five-wave structure, based on the existing possibilities, we will reach a series of targets. Target one and two are available with a high probability, target three is ideal and target four has a low probability, but this is not the end of the job and if the conditions are met, higher targets are also available.
TARGET1: 0.00001480$
TARGET2: 0.00003000$
TARGET3: 0.00007500$
TARGET4: 0.00016000$
TARGET5: OPEN
Suitable entry range: 0.00000850 - 0.00000700$
STOP LOSS: 0.00000630 $
MEME Seems to break to $0,05Thank you for reading this update.
This update is based on TA and the trend view.
MEME coin is a new coin with high risk, so manage the risk.
Update.
We expect that this coin can be able to target $0,05 in the coming time with a new trend break.
Normally, the trend can go stable, but we expect that a new whale volume will enter.
MEME holds important support, and when the meme is up this support, a new exploding volume by whales can start.
!! Mysterious Shiba !! It is true that after the launch of Shibarium, we saw a downward correction in the Shiba trend.
Something that not only Shiba, but the whole market was involved in.
But the data shows that before the halving of Bitcoin, which will happen on May 1, 2024, we will witness a significant growth of digital currencies, especially Shiba.
Based on Shiba's development plans, including the launch of Shibarium and the news of stablecoins and the high amount of token burning and the increase in investor demand, it indicates an upward trend.
If this analysis is of interest to you, please support me with a boost and comment.Thank you
SHIB/USDT Break and switch to Bullish Momentum or Rejected ??💎 SHIB has certainly caught our eye, navigating within a descending channel formation. Recently, SHIB initiated a noteworthy ascent after rebounding from the demand zone.
💎 However, for SHIB to shift into a bullish gear, it needs to conquer a significant milestone: breaking free the descending channel pattern and overcoming the local resistance. Probability this breakthrough could set the stage for SHIB to smoothly continue its upward trajectory, aiming for the supply zone and probability of reaching the Bearish OB.
💎 On the flip side, if SHIB stumbles in its attempt to breach the pattern or faces rejection at the descending channel's resistance, it might necessitate a retreat, seeking renewed strength by returning to the demand zone.
💎 The outlook becomes bleaker if, during its reassessment at the demand zone, SHIB finds the area unable to withstand the selling pressure. A failure to uphold the demand level, marked by a decisive breach, could propel SHIB into a continued downward spiral, steering it towards the critical support territory.
SHIB/USDT Nest possible move? 👀 Shiba Today Analysis💎 Paradisers, turn your attention to SHIBUSDT as it navigates within a demand zone, signaling potential upcoming developments.
💎 For a considerable duration, SHIBAINU has been tracing a descending channel pattern, with the upper boundary consistently acting as a formidable resistance.
💎Currently positioned within the demand zone, our analysis leans towards the possibility of the asset challenging the aforementioned resistance once again in the near term.
💎 However, given the prevailing market uncertainties, should SHIB breach the demand zone, be prepared for a potential bearish descent.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insight
SHIB/USD - Bears Dominate! Expect lower levelsSHIB failed to hold at $0.0000070 and has since fallen lower.
Hopefully bulls will come around $0.0000065.
Bias is bearish and the momentum indicators and volume both signal sellers have the upper hand right now.
Wait for the price to reach the key support, then re-assess.
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SHIB/USD - The BULLS are BACK!SHIB momentum is shifting and may soon test the resistance at $0.0000080.
Volume is still low, but that will come if the trend persists.
Bias is bullish on this price action. The RSI is also curving up on 3-Day chart.
A bullish cross on MACD appears imminent if this continues. That should bring volume too and then volatility.
Enjoy!
SHIB Shiba Inu Price Tgt | Binance vs SEC Lawsuit|Whales DumpingIf you haven`t bought SHIB here, before it went parabolic:
Then you need to know that Binance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws.
The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community.
Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities.
Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market.
Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May.
The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty.
These developments collectively cast a shadow over the cryptocurrency market's near-term prospects.
In this context, my price target for SHIB Shiba Inu is $0.00000670.
Looking forward to read your opinion about it!
shib → another downward movementhello guys...
as you can see the last higher high reacted to another level (get it as an engulf area) and then tried to break the ascending trendline (or we can consider it as an ascending channel), therefore success in breaking down!
now I believe this coin wanna start another downward movement until the 0.61 fibo level at least!
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