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Shibaforecast

SHIB (Shiba Inu) Technical Analysis & Short Trade SetupSHIBA INU has been experiencing significant selling pressure, compromising its previous bullish trend and indicating a potential reversal. The 50% Fibonacci retracement level presents a logical entry point for a short position. As the market seeks liquidity, price action could target previous swing lows. Consider initiating a short position on #SHIB at the 50% Fibonacci retracement level with targets at previous swing lows, employing a strict stop-loss above the recent swing high. Important Disclaimer: This analysis serves as a technical perspective and should not be treated as direct financial advice. Conduct your own thorough due diligence and implement sound risk management strategies before executing any trades.
Short
by fxtraderanthony
The fall will continue around 0.000008540 but don't worry.I don't want to make a bad analysis about Shiba, which is a very energetic meme coin with buyers and big whales, but it needed a correction a long time ago. Anyone who drew a trend line knew this easily. But the good news is that once the fall is over, it can be a fast start again. Analysis: because the price has been broken, a fall has occurred, and if it breaks 0.000009972 again, we will have a fall to the price of 0.000008540. And if the downtrend ends there, we will have a quick rise to 0.000009972, which will make a pullback and then continue its growth as before. It should be mentioned that the red line is the trend line in the weekly time, where the fall ends, and that is where you can make the best purchase. Good luck.
by khosrooparviz
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.
Long
by pkhumalo
2
SHIBUSD | Potential Uptrend. Get in!If you find this technical analysis useful, please like & share our ideas with the community. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
COINBASE:SHIBUSDLong
by maxprofprofile
1
SHIB has created Bearish pennant on 4h chartHello Everyone SHIB has created Bearish pennant on 4h chart at this moment Btc Struggling to stay above 35k if it cannot take back 38k then we got a fall toward 32k or even deeper (you can see my latest idea about Btc if you interested) if Btc can't take back 38k we got a fall to 17 (even deeper ,depend on Btc position) sell pressure if high - Capital outflow is high - volume is low - fear is very high all this cause a bloody fall in short-term NOT A COMMERCIAL ADVICE BE CAREFUL ABOUT YOUR POSITION ALWAYS CONSIDER SL IN YOUR TRADES
Short
by BlessedBlasphemer
4
SHIB'S Next moves prediction...Hello Trading View Community on daily chart SHIB still moving in giant Falling Wedge we all know every falling wedge must have breakout at the end we got serious situation & extremely bearish market but according to my calculation i think Btc Ultimate Goal is 32k as long as Btc Helds 36k the minimum possible amount of shib is 22 but if Btc loses 36k then nearest support & 1st target of shib is 17-18 i put other explanations on the chart hope to be useful NOT A COMMERCIAL ADVICE TRADE ON YOUR OWN RESPONSIBILITY let me know your ideas...
by BlessedBlasphemer
2