Shibacoin
SHIBUSDT | The best scenario for climbing🏹Hello traders, Shiba in daily timeframe , In this currency, we assume that the first wave 1 and 2 have been completed and wave 3 has completed the first microwave, and now we are inside wave 2.
Wave 2 Due to its previous structure and slope, it is probably zigzag and in this zigzag, the waves are such that the end of wave a is not known.
We consider two possibilities:
In the first probability, wave a is over, and from wave b an ascending wave remains, and after its formation, wave c begins to descend.
In the second probability of wave a , two more microwaves remain, which after colliding with the red trend line of the first wave go to the pink trend line, and in that range of re-descent to microwave 3 of wave 1 will be formed.
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SHIB is going to drop more than 20%! Where is the bottom?SHIB Mid term analysis
SHIB is going to breakdown this huge wedge pattern and if it happens I expect to see a 20% drop or even more.
The best place to buy a little SHIB is around key level as you can see.
A bounce from the key area must be happen IMO, BUT I'm still not sure about that. We must wait to see what will happen in the near future.
flag pattern those who are curious; Looking at the chart daily, it's ready to explode. There is also positive dissonance. I expect sudden acceleration upwards suddenly.
I checked #shib for the last time and there is a descending flag pattern. The target level appears to be 0.00010362. Goodnight. #shib
Shiba Inu price completed a bearish triangle with a break below SHIB price will eventually see a bullish breakout with a quick price pop towards $0.00005500. After the descending trend line breaks buyers will jump in increasing numbers., This will then probably be followed by an explosion in SHIB price buy-side demand.
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The second biggest drop of Shiba Inu !We gonna float several times over the Gold support line , when we touched we will go up (for sure) but i don't know if we manage to break 5372 after getting a resistance on that line !
Our first goal is to break 6289 and after seeking after the ATH (all time high)
Everything is possible ! (we can go little bit down of the gold support but we will manage to break it )
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SHIB Shiba Inu - 4H UpdateToday I am charting Shiba Inu (SHIB) on a 4H linear chart.
The current price is back inside of a parallel channel since the end of October 2021. Every time the price drops below the median in the channel (body not wick), it generally touches the bottom of the channel.
Concern: The price has broken down from the trendline which started in early October 2021. If the price does not get back above the trendline, we may see more downside very soon.
Concern: There is a multi-day bearish divergence and the price has broken down.
Concern: Ichimoku Cloud resistance above.
In the red ovals I show where the price may be supported at the 0.236-0.382 fib level, which is a major drop from the current price.
What are your opinions on this? I love reading your comments below.
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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoin