Shibacoin
SHIBA INU - A Breed Of Its Own- Fibonacci Retracement
- Support & Resistance
- Order Block Analysis
- Trendline Analysis
Inflection Point: $0.0000273806 (Lift Off) :)
Target 1: $0.0000480363
Target 2: $0.0000594496
Opinion:
Woof Woof
I officially joined the SHIBA army this last week as I made my first purchase of coins :)
I am PROUD to be apart of this community
With that being said...There seems to be a lot of things happening on the dev side with this coin
SHIBASWAP will be released and I believe it will give other DEX's a run for their money
I have read the white paper and I HIGHLY recommend you do as well
This will be the first of MANY charts I do for this coin :)
I am calling it NOW
SHIBA INU will hit $0. 01 ONE DAY and please do not ask me when cause I do not know
All I know is Technical Analysis and I am here to share my views :)
To The MOON!!!
SHIB is forming a falling wedgeSHIB Analysis
SHIB is forming a falling wedge and respecting both the resistance and support lines. The major support zone for SHIB is 680-720 (there are a lot of zeros). If you looking to open a long position in SHIB place your orders in the support zone. Use only 1-2% of your funds as SHIB is just a memecoin or say shitcoin and not good for long-term investment. The resistance levels are 825-920-1035-1090-1160 (check the zeros). If SHIB breaks the support zone downwards there is no support so trade with a tight stop loss of 640-650.
Not Financial adviceThe hype is on and more famous people are tweeting about Shib, from history it should benefit the token, also shibaswap project and talks bout listing in Robinhood. Also kind of an ascending triangle pattern forming
Remember to do your own research as this is just an idea not financial advice
Thanks like if you like my idea
Shib price is changing.been keeping my eye on shib baring in mind i'm holding until next year but price looks like its gonna break out way before I expected it too.
SHIBWETH 🐶 on the Daily *NOT FINANCIAL ADVICE: DYOR - This idea is IMO personal use only*
================================================
An update from my last chart on 29th April:
Just a continued thought.
Still 100% BULLISH on this one. Still Extremely Risky. Highly volatile.
But I still likey likey. Why?
- Shibaswap launching soon.
- increasing exposure now being listed on Binance, Kucoin, Hotbit and Coinspot exchanges.
This continues to be a strong part of my hold portfolio, and while it has been on sale (as well as most other coins / tokens), I've been adding to my bag at any opportunity.
At the time of chartng this today, Shiba is listed #30 on CoinmarketCap... watch this space.
As always, watch for volume . Do your own research. Always be watching BTC as we just saw over the last week's flash crash, BTC dominates the market behaviour...
Good chat.🤖