Shiba Inu (SHIBUSDT): Potential Bounce Back After Correction?Shiba Inu ( BINANCE:SHIBUSDT ) has reached a confluence of support levels after a recent price correction. This includes the support and resistance zone, daily and weekly pivot points, and potentially multiple micro, mini, and macro chart channels.
Positive Influences:
Support Levels: Reaching these support zones often indicates a buying opportunity for bulls.
Bitcoin's Rise: Historically, strong performance by Bitcoin can sometimes lead to positive movements in altcoins like SHIB.
Increased Trading Activity: Rising transaction volume in SHIB/USDT suggests growing interest from buyers.
What to Waiting For?
Channel Breakout: A decisive break above the upper channel line could signal a stronger upward trend.
Liquidity Rise: Increased trading volume (liquidity) often accompanies significant price movements.
Important:
This analysis is for informational purposes only and not financial advice.
Past performance is not necessarily indicative of future results.
Do your own research before making any investment decisions.
Shibaanalysis
shiba/eur the rise or the set?Hi Traders!
A quick update on shiba !!!!
If the price close up to 1259 then we will see very good returns!!
personally it is the number one asset in my portfolio
(of course there are others).
let's see during the weekend if he can surprise us..
Be careful and always do portfolio management and if you are not in a good mood then go for a walk or read some book!!
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. don't forget to follow me for more news and updates.
Thanks for reading!
SHIBA INU Trade IdeaSHIBA INU has faced downward pressure and is evidently in a downtrend as we can see on this 4H time frame. We are exploring the Fibonacci retracement levels of 50-61.8% to pinpoint a potential entry point for a short position. It's important to note that this trade idea is purely speculative and not intended as a trade signal. This information should be viewed strictly for educational purposes and not construed as financial advice.
The fall will continue around 0.000008540 but don't worry.I don't want to make a bad analysis about Shiba, which is a very energetic meme coin with buyers and big whales, but it needed a correction a long time ago. Anyone who drew a trend line knew this easily. But the good news is that once the fall is over, it can be a fast start again.
Analysis: because the price has been broken, a fall has occurred, and if it breaks 0.000009972 again, we will have a fall to the price of 0.000008540. And if the downtrend ends there, we will have a quick rise to 0.000009972, which will make a pullback and then continue its growth as before. It should be mentioned that the red line is the trend line in the weekly time, where the fall ends, and that is where you can make the best purchase. Good luck.
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 Inu Bullish!It looks as though Shiba Inu has began its bullish sequence after completing the correction of the impulse that began from the 7 Sept 2021 low. That impulse was a 5 wave move to the upside topping on 28 Oct 2021 (All time High at 0.00008847). This impulse was then preceded by a downward channel unfolding in a 7 swing sequence bottoming recently as of 12 May 2022, making 0.00000910 as the end of wave 2 in the larger yellow (intermediate) degree, just a few points shy on the bottom trendline channel. The end of wave 2 means that we have now began wave 3 in yellow which I expect to unfold in 9,13,17(waves) etc..., depending on how many smaller impulsive subwaves are formed going up, already the impulse from 0.00000910 to 0.00001466 means we have began the uptrend with a subwave, (purple subminuatte degree).
Alternate View!
If however price fails to break strongly to the upside the next level of significance is 0.000018 - 0.00003... price should fail within that small bluebox, and head lower to break the May 12, 2022 low after which we then should expect it to go higher because it would have completely exhausted the possible corrective sequence to the downside.
So our possibilities to the downside are now very much limited with only a possibility of one more move down if price fails to push higher within the small bluebox in it path.
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SHIBA INU squeeze target we holding a new support above the 0.000026 , after we held above our ascending line , which confirm the bullish momentum , now we need to to hold above to see a jump in the price till to our next RS around the 0.000035$.
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BUY here SHIB LONG afBuy here and hoid hold hold.... guessing 52k is within site on BTC which means big LONG for Shibiana lmao buss down shibiannaaaaa
Come trade this spiritual shift with me... discover and risks is the theme this shift.... expect abundance
still a spot trade so be on the look out for updates
#SHIBA COIN price prediction targetwe still trading above the 0.000023$ which we hold it for days , if we didn't break it , we will see price test for our resistant and break it this time, however if we didn't we will see the short control, and the price will test our target box.
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tiny.one
SHIB 8 hr - buy and sell zones.I am trying to isolate my buy and sell zones. But they do depend on the rate and incline of a movement. I will also watch each trend line being approached. Often one is broken just by a touch, then a fake out reverse occurs right before the breakdown of that resistance. These 8 hour charts will give a large window to these areas and let me see the markets collective decisions.
SHIBA INU 1D Update (3.2.2022)
🟢SHIB breaks the resistance of 2650 and now trading above it. SHIB was able to hold the major support of the 1800-2000 area and bounced from there. The next resistance is 3000 area and the major resistance is 3400-3500 area. Use tight stop loss in all open positions.
⚠ This Analysis Will be Updated
✍ Analyzed by AmirHossein
📆03.02.2022
⚠ DYOR
SHIBUSD | Potential Uptrend. Get in!If you find this technical analysis useful, please like & share our ideas with the community.
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
SHIBA - Not a good time to Enter!On a 4 hour chart, as you can see, it is in a downward trend. The $0.00004470 support area is significant. If this support is lost, we will expect a decline of 20% or more. I have not seen a good sign to climb so far. In my opinion, now is not a stable and safe situation to buy. Wait for the climb signs to appear.
I suggest waiting to enter for friends who do not have enough experience by breaking the resistance and creating stability.
SHIBA 4H CHART NEAR FUTURE PREDICTIONSTechnical Analysis Summary
SHIB/USDT
TREND ANALYSIS
We have 1 downtrend which is currently active in red
FUTURE PREDICTIONS
We have many resistanse and support levels that I have mentioned above.
I use thickness as an indicator of stregth of levels (ONLY FOR VISUALS).
Yellow support level are levels from the past (more for explanation purposes rather than entry points)
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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