Shibacoin
what is your take on SHIBA INU?SHIBA INU and overall alt market is currently in a deep downtrend. If we look closely to this shiba chart, price have fallen to the toes of the market (so is it right time to buy?) well i dont know yet, nobody knows that anyways WE NEVER BUY WHEN PRICES ARE GOING DOWN EVERY SINGLE DAY! what we can do tho is to wait and let the market show the lead that could be (in this case) rejection to the levels marked on this chart plus ema's to cross above and macd to cross 0 (thats alot to ask for).
RIGHT NOW ONLY THING TO DO IS WAIT.
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.
Trading opportunity for SHIBUSDTBased on technical factors there is a long position in :
📊 SHIBUSDT
🔵 Long Now 0.00001100
🧯 Stop loss 0.00000990
🏹 Target 1 0.00001200
🏹 Target 2 0.00001300
🏹 Target 3 0.00001400
💸Capital : 1%
We hope it is profitable for you ❤️
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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