I am going long on #shib hereSo shib has broken to the upside and re tested the demand. I think this is a good place to go long. TP is to take out the high high.
Shiba
SHIBUSDT, new upward trend! 📈🦬 UpdateHello guys, This is an update of previous analysis (blow link), Everything is explained on the chart for you like always. Shiba has been in trade range and accumulation and broken its descending trend as we expected. For now under resistance base 1525-1585 which you can save your profits or manage your positions to reach the first target because of BTC's situation. The main targets will be 17 and 28.
Good luck.
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Will Shiba Inu start growing again❗️❓🦊In response to the question I raised in the title of this post, I must point out some points that may help you choose Shiba Inu in your portfolio.
The good news for Shiba Inu is that it was able to make a Higher Low (HL) on its chart, as well as break its important downtrend line. But since the Shiba Inu is currently moving near the PRZ(Price Reversal Zone) and the downtrend line, I expect Shiba Ino to push back to the important downtrend line in the coming days and next week.
Another good news is that if Shiba Inu can break the PRZ zone and the important downtrend line to the top, there is a possibility of creating a fan principle at the bottom pattern, which is considered one of the classic reversal patterns, and it is possible that Shiba Inu will start its uptrend again with this pattern.
If the Shiba Inu can make a daily candle above the heavy resistance zone & 0.000018USDT, then I expect the Shiba Inu to make 😱200%😱.
Shiba Inu Analyze ( SHIBUSDT ) 2 days Timeframe ⏰ (Log Scale).
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
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position for SHIBhello guys...
shiba made a cup and handle pattern, rise up, and after that made compression and formed a triangle pattern as well.
now shib hits 2 times the top and bottom line of this pattern.
be ready for breaking up and after that based on breaking get positioned in the same way!
always do your own research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comments.
Altcoins maintain inverse relationship, look at MEMECOINS!Interesting
Majority of #altcoins were lower for most of the day
Except $JASMY!
$BTC opens, goes LOWER & many #altcoin go UP!
Granted, not by much but the inverse is amazing!
#memecoin MOVING
$VOLT $SHIB are we at the last stages of this run?
Not good for bottoming
SHIB USDT BINANCESHIB is following a longer term uptrend (white line).
Before continuation there should be volatility up and down leaning more downward to the white line.
A safe long would be to 1783 resistance (short long).
Looks like at the moment we want to go back towards the white uptrend line.
Could buy in around 1302 support.
RSI is going to now look for support after that big pump SHIB has done these last couple days.
This isn't financial advice and you should DYOR.
Thanks for following.
Please like, share and comment any ideas.
SHIBUSDT hitthe 4h support area. Bounce in playSo the price hit finally the marked support area. And we see a bounce which was depicted in the last post.
The price will likely hit the 4h resistance at 0.00001476 level. The next course after the price hits that level will be decided by looking at the price action at that level.
SHIBUSDT may pullback to closest 4h support areaPrice may tap this 4h support region in this pullback. But before this pullback, probably price might revisit0.00001544 level. Though current price level 0.00001526 is a good candidate for the next leg down to begin from here.
However during the pullback there is a little chance that it may miss that 4h support by a little 1% mark as there is hourly support there which might provide the bounce to the price a bit early than the marked 4h support region.
A better entry for a better R:R would be to wait patiently for the price to touch 4h support area.
📈 Opportunity to Take a Short Trade on Shibusdt 💰🔍 Based on technical analysis, the Shibusdt chart on TradingView presents an opportunity to enter a 📉 short trade at 0.00001550. The target profit (TP) 🎯 is set at 0.00001140 and the stop loss (SL) 🛡️ is placed at 0.00001575. Investors are advised to consider this short trade as a 💡 potential opportunity in the current market conditions. 💹
SHIB: Resistance BreakoutShiba Inu (SHIB) technical analysis:
Trade setup : Following a bullish breakout from Falling Wedge and above 200-day moving average, price also broke above $0.000013 resistance. Trends have reversed. Upside potential to $0.000018 next.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance : Nearest Support Zone is $0.0000100 (previous resistance), then $0.0000080. The nearest Resistance Zone is $0.0000130, which it broke, then $0.0000180.