Shibacoin
SHIB trend reversal and strong supportSHIBA reverses the trend and defends its price level, the situation looks good, the coming days will show if the new trend will continue and if the support will too
SHIBUSDT | The best place to buy 🏹Hello traders, SHIBUSDT in daily timeframe , As you can see in the analysis, the main waves 1 and 2 are completed in our opinion, and now wave 3 is forming.
Wave 3 structure is at the beginning of its process and from this structure, microwave 1 is completed and microwave 2 is formed.
Let's look at microwave 2:
In most cases, wave 2 is formed in a sharp and more zigzag-like state.
We assume that wave 2 is zigzag because at the beginning of this wave, five waves are formed, which correspond to wave a.
So wave a is completed from wave 2 and now we are probably inside wave b, wave b is in the form of an irregular flat and from this flat we think an ascending wave in the shape of five waves wants to be completed.
We consider the maximum ascent to be 0.618 points. In case of further ascent, this wave count should be corrected.
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1000SHIB USDT UPDATEHello friends,
Welcome to our 1000SHIB USDT 4hrs chart.
As we are seeing in the chart how the BULLISH FLAG is being formed.
Price is currently Retesting near Support 1.
If the prices move above the support 1
by retesting then we can see a 100% jump in the price.
But if price breaks support1 while retesting it
and goes down and breaks support 2 also then this chart will be
considered invalid.
Thank you
and
God bless you all.
SHIB Breakout of Falling WedgeNice breakout of the falling wedge by SHIB. If you switch to the 15m chart you'll see a clearer picture of another bull flag formation at the breakout. A lot of consolidation opportunities for people to buy. I'm liking the prospects going into the New Year. Remember, only invest what you're comfortable losing. This is a high risk, high reward trade. Stay safe and hope everyone has had a good holiday.
$SHIBUSDT Broke daily resistance trendline and can reverse soonPotential gains +27,314.04% at Target PT .009940 Timeline 05/07/2022
Influx on Dark Pool buys on 10/04/2021
As we can see price broke a strong daily resistance zone but still main factor for the upcoming rise is not apparent, needs to make higher lows for confirmation and major indicating factor would high influx of volume after initial breakout...
Soon we can expect a pump from this area zone and to hit range of targets mentioned on the chart
Note: only if strong support of PT .000025-.000030 breakdown then we can expect a bearish downtrend
Cryptos tends to have Hype cycle in the Spring season...
Shiba Play AgainShiba made a quick rush and i hope u took ur profits from my last analysis.
so now that you are rich :P, you can gamble a bit more but you do not want to buy a retracement.
Don't forget also that MEME's Tokens are for fun, there's not Tech behind, so Take it easy and play Wisely if u don't want REKT.
- will post in comments my older Shiba Analyses
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Trading Plan
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- Now : Nothing to buy
- Buy : 5300 ish
- Rebuy : 3500 ish
- TP : 10000+
- Your Stop should be just under the last accumulation : 2700 ish
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Stay Safe!
Happy Tr4Ding !
SHIBA | Wedge Upside Breakout expected..!!
#SHIBA (Update)
Since 27th OCT Swing High, Shiba has been Consolidating in Falling Wedge Pattern..
Volume has been Continuously Descending From last 2 Months.
Now, Bulls Looking Strong & Expecting Massive Breakout But Still Bulls Need Strong Volume for it.
In case of Wedge Upside Breakout, Midterm Target Would be 0.000070 (2x ROI From Here)
📍 Always Wait for Confirmed Breakout & Candle to Close and Only then ENTER..
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Thanks for Your Love & Support..!!
SHIBUSDT trade update
SHIBUSDT trade hit overall 1501% profit. Now trade is at first supporting area as shown by yellow area as accumulation period. Final entry for buy position will be between 38% -23% fib level. To avoid FOMO situation, we have taken position around first defense area. So far trade is running according to our respected analysis. For good investment take position around 23% fib level. Trade will boost up as it crosses final resistance which will break accumulation period as shown in the graph. Our potential target will be 500% profit.
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SHIB - potentially good trade setupSHIB after huge pump (1200%) is in downwards corrective movement.
Price has fall to last support area and it might keep inside this accumulation area for some time (until some better time for alts and meme coins - hype time).
At the moment I don't own any SHIB, but I'm looking to add if it breaks 21 D MA (black line), which will also mean breaking from falling wedge. There is no any bullish divergences on higher time frames.
I set alert if it pump not to miss it. Risk/reward ratio on this trade is good for me, TP 1 and TP2 is where I plan exit my initial investment + 10-20% gain and leave rest of it for potential strong upside move.
Don't be surprised if we stay in this accumulation region for some time or even dive under it.
Until bullish sentiment returns alts, and specially meme coins probable won't move significantly.