Shib Inu Price Analysis On the Daily Chart :)Good day everyone! Here is my Technical Analysis for Shib Inu on the Daily Chart.\
Shib just broke out of the resistance zone shown on the Ichimoku CLoud. It NEEDS to break through the 00001149-00001210 LVL In Order to continue on to the upside.
If we break and hold this support then we will head up to the .00001308-.00001365 LVL .
Then the .00001560- .00001869 LVL From here!
Good luck out there guys and remember don't get REKKDD trading leverage.
Shiba
SHIBA INU - Is the price Ready To Skyrocket Again? 🚀Shiba Inu puts the turbo on and in the last few days, the famous meme coin has started to push again.
Shiba Inu has one of the largest communities in the world for this crypto and the price seems ready to go back up. The dynamic trendline acts as dynamic resistance and the price bounces above it to create new highs. As many would say, do we fasten our seat belts?
SHIBA/USDT BINANCEThe area in red-dotted has a strong magnet pull in SHIBA's short history.
Could be extremely volatile in those areas.
Check out in Aug 14th 2022 the price pumped and were are pushing up from further lows for the last relief rally.
I have sell orders @ .00001659.
This isn't Financial Advice.
These are my own opinions and you should always do research when you trade any currency.
Thanks Follow for more !
SHIBA INU range market 📖💡👌Hello 🐋
Based on the chart
the price is close to the major support and better to say the previous zone that started its amazing pumping to the upside ✔️
and
we expect to see gain and pump from here, besides the range market is acceptable scenario too 📖💡🚀
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
SHIBA INU (SHIB) is forming a bullish BAT for upto 19% pumpHi dear friends, hope you are well, and welcome to the new update on SHIBA INU (SHIB) token with US Dollar pair.
Our last successful trade of Shib was below:
Now on hourly time frame, Shib is about to complete a bullish BAT move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
SHIBUSD Major bullish break! Repeating 2021??Exactly 2 months ago we posted the following 'odd' idea after we found similarities between Shiba's (SHIBUSD) post-May 2022 price action with the May - September 2021 sequence:
The fractals looked identical, the RSI sequences too and the 2021 price action fit well inside the 2022 one.
Today Shiba broke above the Lower Highs trend-line that has been in effect since May 05 2022. The 1D RSI is extremely overbought but is on levels that compared to 2021 were after the break-out and closer to the Resistance test. It is reasonable to think that a 100% repeat of that fractal and sudden test of the 0.00003 Resistance in a few days is unrealistic to think without the fundamentals of October 2021 and since we are only at the start of the new Bull Cycle.
So a more pragmatic approach would be to use the previous Lower Highs, which as you see match fairly well with the Fibonacci retracement levels from the April 12 High.
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SHIBA INU price probably forms the "Adam and Eve" patternIt is very likely that the process of forming the "Adam and Eve" trend reversal pattern is underway on the ShibUsdt price chart
This pattern is one of the varieties: "Double Bottom". The main features of the Adam and Eve pattern:
- a spiky "first bottom" on the largest trading volumes,
- "second bottom" - U-shaped, protracted, and with unremarkable trading volumes - an ideal place for a set of medium and long-term long positions.
If our assumption is correct, then the ShibaInu price should not fall below $0.00000820 - 0.00000830.
Medium-term targets for growth: $0.00001300 and $0.00001700
The long-term target for the growth of ShibaUsdt price is around $0.00003500
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✴️ ShibariumOn Friday we looked at Shiba Inu (SHIBUSDT) on the weekly timeframe and its long-term potential... 300% to 600% can be achieve... See below:
Looking at the daily timeframe, we are getting a different type of confirmation.
-> Shibarium is being launched which includes a new token burning mechanism for SHIB.
This is fully confirmed by the chart and can lead to a fast 100% jump.
We've been tracking SHIBUSDT for a while and the bullish bias became apparent early January as prices broke above EMA10 and EMA21.
The reversal signals started to show much sooner as is normally the case.
For example, the bullish divergence on the RSI between Oct. and Dec. is one of those that gave it away.
Here is one of our favorites so far, 22-Dec-2022... Patience is key!
It takes time for our pairs to take off... But once the action starts, it goes fast and strong.
Enjoy the profits.
Be prepared.
Write down your plan and make sure you know when you want to rebuy and when exactly you want to sell, and how much at each resistance level.
Never become complacent, things can suddenly change.
Safe is better.
Opportunities are endless.
Namaste.
Another confirmation of the trend lineHello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
SHIB confirmed once again the global countertrend, can we say that there will be a breakthrough? Perhaps you will see it, but after another market correction, when the altcoin dominance wakes up...
You may have noticed when there was a strong takeaway of bitcoin, the alts almost stood still, although with such volatility in bitcoin, you should expect 20-30% from alts. This suggests that the manipulator simply endured bitcoin without paying attention to the alts, because the crowd is now paying special attention to some projects due to a number of different scams.
I think that the alts will start to fly soon too, when they start to exit and enter the alt from the cue ball, while I think that we will see a downward movement in assets in the wake of bitcoin!
Shib/usdtIn trying to break out of the descending channel, it engages with the resistance range of the top of the channel, as well as the top of the Ichi cloud and a stubborn static resistance. The RSI indicator is in the overbought range. It can be maintained for the specified purpose, subject to the specified stop loss. If a corrective movement is formed, there is a valid dynamic support on the price path.