SHIB - Keep an eye on this level! Here's a quick look at the 8 hr. SHIB chart. As we can see, the price is getting closer to the trendline, and a break to the upside could be around the corner!
BTC is close to a more significant resistance zone (28k zone), and one should be careful when trading!
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The idea is: Buy when the price breaks above 0.0000115$ and take profits at the levels shown in the chart.
Targets:
1. 0.00001169$
2. 0.0000122$
3. 0.0000128$
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Key Dates to Watch in March:
21/22 Mar: FOMC Meeting
30 Mar: GDP Report
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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
Shiba
Bitcoin breaking out? Where is the next resistance?Bitcoin has been on the move in recent sessions. With the Fed balance sheet expanding by $300B & rates continuing to soften substantially.
Bitcoiners are front running a Fed pivot and buying up this rally.
One thing is for sure their is still major technical resistance up ahead and some consolidation is due.
SHIBUSDT hitting weekly support, a long is favorable hereThe last trade was closed without profit and the price bounced and moved up as expected but remained a bit short of target. Now the price has fell again back to weekly support and a long is favorable here. For a bit better and conservative entry long it when price dips below the weekly support.
SHIB looking Long...The last calls completely took me to hell. I try to warn every time that this is a spot trade and the market right now is completely unpredictable. However, granted the 2 month fall on SHIB and current levels, SHIB is looking pretty stable compared to most for the volatility. Spiritually this is a time of risks. I trade spiritual shifts as well. With this being said, technicals have none done much justice and forex has been hit or miss. Taking a leap on the beyond TA approac, although range is begging to pump. Will update as SHIB picks up movement a bit. Looking for that long green middle finger. Don't risk what you can't lose. Let me know your thoughts, but IMO this is bottom for SHIB.... we gonna have a nice bull this summer.
Shiba--> what's next?!hello guys...
as you observe on the chart, shibusdt should experience a little downward movement as well, therefore why?!
these are the reasons:
1-breaking down the resistance level,
2-formed a head and shoulders pattern,
3-retrace to the upward breaking zone at a higher time frame,
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
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SHIBA ready to gain 🚀Hello 🐋
Based on the chart
the price is close to the major support and in the triangle pattern ✔️
beside
we expect to see gain and pump from here ✔️
and even
the range market and many range candlesticks are acceptable scenario too 📖💡🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Shiba's pathAfter a bearish rally, I guess it can grow to a few million percent, provided that the Queen of Bitcoin joins us.
SHIBA INU price is preparing something interesting soonTwo months ago, we presented you with the "Adam and Eve" pattern, which is now in the process of being developed.
Since the publication of the previous idea, the price of SHIBUSDT has shown +75-80% growth and is now in the process of correction.
However, the SHIB price is once again reaching a balanced buy zone. And looking at the chart, you can see that buyers are trying to slow down the price drop.
Therefore, for the next few days/weeks, we can try to place buy orders for SHIBUSDT in the range of $0.00000984 - 0.00001044
The medium-term growth target is also +75-80%, that is, in the range of $0.00001710 - 0.00001880
The long-term target for the development of the Adam and Eve pattern is unchanged - in the region of $0.00003500
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✴️ Shiba Inu Correction Likely EndingWe have a nice full green candle yesterday that pushed SHIBUSDT right back above EMA100.
The correction is likely ending.
In early February SHIBUSDT hit its highest level since August 2022, what followed was a correction which is normal after strong growth.
Recently the 0.618 Fib. retracement level has been tested and a strong reaction took place.
Notice the falling wedge pattern in gray.
This is early but get ready... The correction might be reaching its end.
Namaste.
🔥SHIB TARGETS ARE HIGHER BY AT LEAST 20%!🔥 Hi friends! Shiba Inu made a pullback with other altcoins and Bitcoin. The news about Silvergate bankruptcy made a bad influence on the whole market.
They failed to file their annual report, citing a regulatory investigation - they are likely insolvent and have already lost most of their partners (Coinbase, Paxos, etc.).
It gives a chance to open a nice long, but we need more positive preconditions which I mention in my trading plan.
📊 TRADING PLAN FOR SHIB:
🔥 false breakout of the local low ($0.0109) and return the price above this level
🔥 volume growth is already happening, so it's a good reversal sign
🔥 bullish BTC
🚩 Friends, I use DOM and Footrpint scalping tools to track where the big guys sell and buy coins. If I will see that big guys buy SHIB during the false breakout, I will open my long with a short sl. These are very useful indicators.
✅ MY TARGETS FOR SHIB:
1. $0.0119-0.0125 - the value area and huge resistance (book 40-50% of profit here)
2. $0.014 - the key level
3. $0.0158 - the key level and local highs
What is your thoughts about BTC and altcoin? Will it go down or up? Write in the comments! I want to know the mood of my dear followers!
💻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.
SHIBUSDT hit 4h support zone, likely to head to 0.00001268 levelThe price has hit 4h support zone. I would expect the price to bounce from here and lead us to at least 0.00001268 and probably upto 0.00001276 level. This is again trade against the local trend and that is why the gain as well as the loss possibilities are narrow.
SHIBUSDT likely to head up to 0.00001286How about this idea for a quick scalp of 1.5%-2%. Price has found support on the previous 4h resistance turned support zone. The price might follow through after that but lets focus first on this scalp and then we will see how we go from there if we achieve that target.
SHIB 12 HR Looking like it wants to break up! SHIB has been a runner! Keep an eye on this one because if it breaks above the yellow trend line of this falling channel things can get BULLISH really fast!
All it takes is Elon Musk tweeting a picture of his #DOGE and #SHIB will pump too! LOL! along with #FLOKI
A lot of ALT coins can run hard this week.... Get ready!!! Alt gains are mind blowing and will melt your face OFF!!!
Prepare your Coffee, load up on Monster and or Red Bull!!! LOL!
PRO TIP: Always have BTC.D (Bitcoin Dominance) chart open. When it starts to drop, ALT coins can run better! <---
Good Luck Out There!
SHIBUSDT to head for next resistance zone around 0.00001310SHIBUSDT is showing strength after consolidating under the 4h resistance zone. Now the price is trading inside the resistance zone and is likely to head towards next resistance zone around 0.00001310. The price might follow the path L4, S5 and L6 as depicted in the chart.
Trend or Counter-Trend ?A possible path for the upcoming days.
Wave degree:
Primary: Wave 5 (larger degree),
Intermediate: Wave 3,
Structures (Intermediate):
Wave 1 = Corrective rally,
Wave 2 = Impulsive decline,
Wave 3 = Impulsive rally
Target-1 = $ 0.000018
February 23, 2023
Check out my previous analysis: