Shiba
SHIBUSDT Falling Wedge forming a Bottom*** ***
For this particular analysis on SHIBA we are using the SHIBUSDT symbol on the Phemex exchange.
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The idea is on the 1D time-frame where Shiba has been trading within a Falling Wedge pattern since the December 24 2021 High. The price has been trading near the pattern's Lower Lows trend-line since the May 12 Lower Low, being unable to stage a sustainable rebound. The longer it trades near that level, the more likely it is to attract buyers and form a bottom.
The immediate target is always the 1D MA50 (blue trend-line) and a closing above it takes us to the medium-term 1D MA100 (green trend-line). Only a break above the 1D MA200 (orange trend-line) can justify further buying, in which case we'll have a long-term bullish reversal into a new Bull Cycle.
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Trading opportunity for SHIBUSDT - Shiba InuBased on technical factors there is a long position in :
📊 SHIBUSDT Shiba Inu
🔵 Long Now 0.00000910
🧯 Stop loss 0.00000810
🏹 Target 1 0.00001010
🏹 Target 2 0.00001120
🏹 Target 3 0.00001380
💸Capital : 1%
We hope it is profitable for you ❤️
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socialparasite69 Gave me some RAD IdeasSo I took some of the tools @socialparasite69 was using because my oddly wired ADHD brain loved his rainbow....
I use Elliot Waves on the regular because I find them hard for me to understand (but how the hell do I figure it out if not for reading and using them)....
But I am trying to build a correlation between them and the Higher Higher Lower Low Stratagy, My Linear Regression lines I love to watch for movement out of channel, and Market Cipher A which is an awesome mix of EMA's that paint this friendly Rainbow.
Thanks to @socialparasite69 for sharing his ideas and the fact Market Cipher A and B Exsist!
I painted Shib up on my chart to show how im marking decisions on market movement.
Any ideas on tweaks are appreciated!
Shiba Inu make's a Rebound.3 reasons you might wanna buy Shiba Inu
(1) Technically:
Obviously the Price is low, and had cleared all FOMO Liquidity, it's now back at Origin Demand Zone, creating new Liquidity like Consolidation to be cleared Lower, thus Tapping into the Origin Demand Block to then be Taken Higher.
(2) Fundamentally:
The price being down, big money investors sees this as an opportunity to go Long. Interest resumes into this market as Shiba Inu is looking to launch into the metaverse with it's Shibarium Project. Also, bitstamp, which is the biggest crypto currency platform in all of Europe is looking to list Shiba Inu to be Traded, and Transacted.
(3) Psychologically:
Majority of the community already thinks it's a pump-and-dump coin due to its massive Draw down/dip, and just as every rally has an End, every Dip as a Bottom to Bounce from. A Rally and Dump will always prevent High Community Interest, and it is also "the Markets Cycle Psychology" to Always Rebound after a Dump after a certain amount of lost of interest from Participants.
You really might wanna buy Shiba Inu.
Manofxlife
#BTCUSD SHORT🔥Greetings to all👋
▫️I think we can test the local resistance zone and go back to the trend retest. I marked the approximate entry zone to the position with a green circle.
💡So far, I have placed an order in SHORT at $ 32.220 near the local resistance zone, I think today we will test this zone, we need to look at the situation, we may have to cancel orders and enter the market.
✅ Do not forget to visit the channel there is a lot of useful information about trading.
SHIBUSDT in the bearish channelIt is located in a descending channel and is reacting to the bottom of the channel. If this range is maintained, we are likely to grow to the top of the channel, otherwise if the channel floor and the important support area are broken, we will have more fall.
A purchase offer is made if the price goes beyond the channel ceiling.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
SHIBUSD TREND ANALYSISBe sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer
This is just idea, not trading advice, use at own risk.
reasons:
It is recommended to buy in this price limit
It is mandatory to pay attention to the stop loss and the target marked on the chart
Do not be greedy and adhere to the specified principles. I hope you will be profitable
Note that there is no 100% analysis and it is possible to stop flirting
This is a personal analysis and you should not enter into a transaction without review
If you know this, make a purchase
Be sure to adhere to the principles of capital management and do not invest more than 2% of your capital in each transaction.
High-risk individuals can enter a maximum of 5% of risk capital in this transaction by accepting risk-taking.
This analysis has been analyzed with the classic Elliott topics and neo wave style. Also, the principles of price action have been used.