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Shiba

SHIBA INU: One of the Pioneering Tokens in the Meme Coin Market.Hello Traders, Here’s an update on Shiba Inu on the weekly timeframe. In the early years of meme coins, SHIB was one of the pioneering tokens that started the trend and remains a strong contender with a market cap of over $7.78 billion. Currently, SHIB is in a downtrend, with the price nearing the support range of $0.00001076 to $0.0000120. SHIB must hold this support and rebound toward the resistance trendline. Failure to hold this support could likely trigger a drop to the lower support level at $0.000007. Spot Trade Setup for SHIB: - Accumulation Range 1: $0.00001076 to $0.0000120 - Accumulation Range 2: $0.0000056 to $0.0000071 - Primary Resistance/Short-term Target: $0.000026 to $0.000033 - Long-term Target: $0.000089 to $0.00015 Note: This content is for educational purposes only and not financial advice. Please do your research and analysis before investing. Trade safely. Best regards, Team Dexter
Long
by Dexter_The_Trader
Shiba Inu: Long-Term Trading Outlook with Key LevelsAnalyzing Shiba Inu for potential long-term trading opportunities. The red and green lines on the chart highlight crucial zones where price most probably could react, offering insights for both bulls and bears. These levels may be the key to understanding where the market could head next. Curious about how these lines are drawn? Feel free to drop your thoughts in the comments, and follow for more in-depth analysis! Disclaimer: This is not financial advice. Always trade responsibly!
COINBASE:SHIBUSD
by Remora_traders
SHIB USDT - FRACTAL Shows Bullish Impulse NextMany altcoins are currently in Accumulation Phase and/or approaching great buy zones. This is the part of the cycle where there seems to be very little action, and the price moves in a range and sideways. It's safe to say that we can expect sideways/range trading until BTC moves the market. In a previous update, I mentioned how it is crucial to watch not only BTC, but BTC.D and the TOTAL3 market for the next move: The good news, is that this makes for an excellent time to BUY back into any market. The lowest risk option here would require some patience though, because the accumulation cycle often lasts month. Luckily - we are already a month in of mostly range trading. Here's a look at another altcoin that's possible worth buying - RNDR, which is now approaching a great zone to buy-back : __________________________________ BINANCE:SHIBUSDT
Long
by CryptoCheck-
1
Shiba FRACTAL : FEB 2024 - 330% in 2 WEEKSBINANCE:SHIBUSDT Many altcoins are currently in Accumulation Phase. This is the part of the cycle where there seems to be very little action, and the price moves in a range and sideways. It's safe to say that we can expect sideways/range trading until BTC moves the market. In a previous update, I mentioned how BTC loves Decembers: The good news, is that this makes for an excellent time to BUY back into any market. The lowest risk option here would require some patience though, because the accumulation cycle often lasts month. Luckily - we are already a month in of mostly range trading. Here's a look at SHIBA's best buy zones in more detail, as well as other altcoins that are in or approaching the ideal buy zone:
by CryptoCheck-
4 to 1 Reward vs. Risk $500 SHIBA TRADE AT 20X.Shiba Inu is very popular in Japan, and with the economy spiraling into the depths of despair in Japan right now, it's only a matter of time before the Japanese people will be flooding into assets in an attempt to preserve their buying power. I think Shiba Inu will be one of the beneficiaries of this coming flight to safety. Don't follow my trades; come up with your own ideas. Don't be a follower—be a trailblazer! Good luck!
COINBASE:SHIBUSDLong
by MetaShackle
4
SHIB Technical Analysis in a Weekly TimeframeHello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: SHIB is currently in a downtrend and is likely to fall further if the market faces another bearish scenario. The price at $0.0000135 is currently hovering between support and resistance. The RSI is close to the oversold zone, indicating some room for further bearish movement. A quick market reversal could change the outlook, but nothing can be confirmed at this time. Key levels: - Lower Support: $0.000006836 - Primary Resistance: $0.00001799 - Resistance Trendline: $0.000025 - Target: Previous all-time high DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
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
$SHIB support and green zone for buying long and refillI have been following CRYPTOCAP:SHIB for quite a long time, and it is in a very long downtrend. This chart is similar to the setups I have created for other coins; it highlights a great zone to refill your portfolio with a high probability of good performance. DYOR, check my other setups; they are all good and doing +30% with no leverage. Don't forget to take your profit and control your greed. Meme coins are not for holding long-term—make a profit, sell, and buy another one. We are in a CRYPTOCAP:BTC downtrend, so it's time to catch opportunities. In 2 months, the current prices will look very cheap. An entry at 0.000015 or less is a bargain. Then, just wait 2 months and sell at the top of the altseason.
Long
by CryptoNikkoid
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: 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
Meme Coins: What’s Behind the Curtains ?Have you ever wondered how meme coins keep pumping? Are people really getting rich from them? How the Pumps are Made ? Step 1: Establishing Credibility First, the creators spend significant investment capital to demonstrate good credibility. This ensures that the strongest platforms list them. During the Initial Public Offering (IPO), coins are sold massively to investors. However, as their is no more buyers, prices begin to decline. Step 2: Accumulation Phase Next, the coin enters an accumulation phase where big whales start buying from bored speculators at the lowest prices. The whales objective during this phase is to accumulate the maximum quantities for the lowest price possible. The long accumulation time will breakdown the enthusiasm of the speculators , selling their coins for a loss or no profits. Step 3: Controlling Supply and Demand When accumulation reaches its peak, the whales start withdrawing their coins from the platform, leaving the market with small quantities. They then inject a significant amount of capital, such as $1 million, causing the price to take off. Step 4: Advertising Following this, the coin creators and whales invest heavily in advertising , attracting a big community and more investors. This new crowd keeps injecting liquidity into the pumps, leading to noticeable price increases. Getting Rich Quick? Can you get rich quick from meme coins? The reality is nuanced. Even if speculators buy at the bottom, their investments are often too low, leading them to sell at modest gains during the pumps. On the other hand, people who buy after a 1000% increase are typically looking for substantial returns. However, their small capital makes even a 5x return seem insufficient. The meme coin trend is aggressive and driven by a powerful crowd. While investing in these coins can bring profits, it’s essential to remember that you are always at the mercy of the whales. If they decide to sell off, the market can crash just as quickly as it pumped. Therefore, caution and awareness of the market dynamics are crucial when dealing with meme coins.
by Monstralian
1