Shibacoin
SHIBUSD Largest Support ClusterShiba is undergoing a bear market, with a recent low on this Weekly chart at 2.618
This 2.618 level is also where price on this ticker originated from
I have faith in the wick hitting 2.618 being a potential bottom based on the above statement
2.618 also aligning with the Gaussian Channel strengthens this assumption
Shibusd 1D Strong buyback after yesterday's fallFrom the beginning of 2022 the price of SHIBUSDT moves a smooth down channel with a price range of 100%
Usually the price moves in the upper part of the channel, but when the SHIBUSD price breaks below middle of chanel to the lower part, the fall is -40-50% in 1-2 days. It happened yesterday.
However, today the buyers of Shibainu showed great interest in the coin, and today's day candle of growth almost equal in size to yesterday's fall. Shib buyers showed one of the best results of buyout after yesterday's fall, which gives a good reason to follow this asset and bribe it in the long run.
Ideally, we would not want the price of SHIBUSDT to fall below $0.000015, there would be an ideal point to enter the long.
Well, the first target from above, in our opinion, is in the area of $0.000027
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SHIBUSDT best opportunity to hitAs per our analytical prediction, trade hit extreme correction level with 1600+ PIPS. Now trade has best possible positions to go up.it will blast as it overcome accumulation period.
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SHIBA UPDATE 📊 $SHIB UPDATE 📊
Currency Pair: $SHIB/USDT
Latest Situation: This share is in its strong annual support area, so a drop is possible, but it quickly reaches its current price.
Direction: Short Term
Risk: High
Current Price: 0.00002020
Up Probability: 56%
Down Probability: 44%
Direction: MID Term
Risk: Medium
Expected Price: 0.00002643
Breakeven Point: 0.00001515
Direction: Long Term
Risk: Medium
Expected Price: 0.00004042 to 0.00005345
SHIB support level to defendSHIB Shiba Inu is at the key support level of $0.00001800 from which it bounced this year, in January.
If it breaks bellow $0.00001700, then it can go back to $0.00001200.
i think we can see a reversal from this area to the $0.00002950 resistance.
Looking forward to read your opinion about it.
THIS SUMMER WILL BE HOT !First of all, you may ask why I am working on the Shiba chart on the Weth parity. This is because we found Shiba's oldest pricing here. According to this chart, the relationship between 200MA and Shiba price draws a simple long-term roadmap for us. No worries. The target price on this chart is roughly equivalent to 0.00017xxx in USD.
SHIBUSDT 1D TA: in a Wedge PatternThe price is in a wedge pattern that can be attractive in two ways if it fails. If it is broken from the top, it can move up to the resistance range, and by breaking the resistance, it has attractive targets. Otherwise, a downward trend occurs with the pattern breaking down.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
SHIB daily looks to make a bullish move up to 25% from here?SHIB Daily chart:
Its charting very nice with
Bullish Divergence and DeMark 9
reading it may of hit bottom. Look
for SHIB to make the possible move up
toward the Golden Pocket. and then higher
short term price targets in Gold Boxes..
Look at the volume decrease and then
right after price goes up and it correlates
with Both RSI indicators.
SHIBUSD Break Above DowntrendSHIBUSD has shown a break above the dominating downtrend on the right side chart
On the left SHIBUSD on a different pair is also showing bullish signs, with a descending scallop formation
The big take away is that a big support has been reached with a triple bottom, bullish action will prevail and lead to 200MA continuation