SHIBAUSD 12HSHIB ~ 12H 📈
#SHIB Successfully penetrated the resistance of this pattern. We will start making purchases gradually from here, with a minimum target of 15%++
Shibainu
shibusdt 106% long target
1. Shiba Inu (SHIB) is currently positioned within a buying zone, ranging from 0.00002100 to 0.00002300. This zone is significant as it attracts attention from major investors like Black Rock and other whales, indicating strong demand dynamics.
2. Recent market activity has shown positive signs for SHIB, with an increase in trading volume and daily active addresses. This uptick aligns with a broader market trend, driven partly by Bitcoin's surge to $65,000.
3. Shibarium, SHIB's layer-2 blockchain solution, has witnessed heightened activity, with daily transactions ranging from 300,000 to 950,000. This suggests growing interest and utilization of SHIB's ecosystem.
4. Additionally, SHIB's burn rate has spiked significantly, signaling efforts to reduce token supply and potentially increase its value over time.
5. Current market data reveals SHIB's live price at $0.000023 per token, with a market cap of $13.46 billion USD. The 24-hour trading volume stands at $642.81 million USD.
6. SHIB has experienced a modest increase of +1.22% in the last 24 hours, with a circulating supply of 589,289.41 billion tokens.
7. Technical analysis highlights a bullish divergence observed at the 4-hour time frame, indicating a potential upward trend. Additionally, all indicators are showing buy signals, reinforcing the bullish sentiment.
8. The proposed trade strategy involves waiting for a volume candle to break the blue moving average (MA) line, signaling an increase in market activity.
9. Once the volume confirms the bullish movement by surpassing the blue MA line, consider entering the trade.
10. It's crucial to set a profit target at 106% above the entry point, aiming to double the investment.
11. Implementing risk management measures, such as setting stop-loss orders, is essential to protect the investment in case of adverse market movements.
12. Monitoring the volume closely and observing any significant changes in market dynamics is key to timely decision-making.
13. Understanding the broader market context and potential catalysts can provide valuable insights into SHIB's price movements.
14. Keeping track of developments in Shibarium and other ecosystem-related initiatives can help gauge the long-term viability and growth potential of SHIB.
15. Market sentiment and investor behavior play a significant role in cryptocurrency price fluctuations, so staying informed about community sentiment is essential.
16. Assessing SHIB's relative strength compared to other meme coins and cryptocurrencies can provide additional context for trading decisions.
17. Diversification is crucial to managing risk effectively, so consider allocating investments across different assets and sectors.
18. Utilizing technical analysis tools and chart patterns can aid in identifying potential entry and exit points, enhancing trading precision.
19. Patience is key in trading, as waiting for confirmatory signals and avoiding impulsive decisions can lead to more successful outcomes.
20. Continuously reviewing and adjusting the trade strategy based on evolving market conditions is essential for long-term success.
21. Educating oneself about cryptocurrency fundamentals and market dynamics can empower traders to make informed decisions.
22. Networking with other traders and joining online communities can provide valuable insights and support in navigating the cryptocurrency markets.
23. Emotions can often cloud judgment in trading, so maintaining discipline and sticking to predefined trading rules is paramount.
24. Recognizing and managing cognitive biases can help prevent irrational decision-making and improve overall trading performance.
25. Regularly reviewing and analyzing past trades can provide valuable lessons and insights for refining future trading strategies.
26. It's important to remain adaptable and open to new information, as market conditions can change rapidly.
27. Developing a clear trading plan with well-defined entry and exit criteria can help minimize uncertainty and improve consistency in trading performance.
28. Risk management should be a top priority in trading, with capital preservation taking precedence over potential gains.
29. Seeking advice from experienced traders or financial professionals can offer valuable perspectives and guidance in navigating the cryptocurrency markets.
30. Ultimately, successful trading in cryptocurrencies like SHIB requires a combination of market knowledge, technical skill, discipline, and risk management. By adhering to sound trading principles and staying informed, traders can increase their chances of achieving their financial goals.
💎 GTAI/USDT- Riding the Wave: GTAI’s Path in the Crypto SeascapBy examining the GTAI/USDT chart, we can see that in the past week, considering that the shadow of war fell on the crypto market, we saw the fall of many cryptocurrencies, and GTAI was not excluded from this fall! Bitcoin halving will happen in about 1 day and 10 hours, which can bring the market with heavy fluctuations, and if the price can show a positive reaction to the range of $1.60 to $1.77 and $1.26 to $1.45, we can expect more growth from this cryptocurrency!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
SHIB/USDTBINANCE:SHIBUSDT
This idea has a medium-term profit target.
All targets are indicated on the graph.
- Risk 1% on deposit
- R/R 1/2
P.S (This is not an investment recommendation, this is my personal opinion.)
SHIB: StandstillSHIB is currently showing a price action that's worth noting. The token has been unable to break a particular resistance level for about three weeks now. On the 4-hour chart, SHIB is trading at a point that has acted as both resistance and support in the recent past, indicating its significance.
The MACD is hovering just below the signal line and the histogram is almost flat, suggesting there isn't much momentum in either direction at this time. This could be read as the market taking a breath before deciding its next big move.
The Stochastic Oscillator is relatively low, which sometimes points to an upcoming upward move if buyers step in, considering the price could be seen as undervalued. However, the RSI is also in the lower region, supporting the possibility that the market sentiment is currently not in favor of a strong bullish push.
The trading volume has been substantial, yet this hasn't translated into a significant price change, which often implies consolidation. Traders may be looking for a catalyst or a shift in broader market sentiment to give SHIB direction.
This current state of balance can be delicate, and a breakout above this level would likely require a strong shift in investor confidence and market dynamics. Conversely, a break below could see SHIB testing the lower levels of solid support that have been established.
The critical aspect to watch with SHIB will be how it interacts with the solid support line beneath it. Whether it holds or breaks might provide insights into the market's confidence in the token.
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New Phase of CorrectionThe price of the SHIBA token faced a correction after reaching a significant and prominent resistance area, which is displayed in orange, and returned to the designated support zone marked in red.
However, this initial support was unable to prevent a further decline in price, and it appears that the price has entered a new phase of correction.
Currently, the market is still in a correction phase and the short-term growths observed during this period are only considered temporary. This situation will continue until the downtrend is decisively broken.
Shiba Inu price completed correction and will continue to grow ?We would like to believe that the Shiba inu price has already made an a-b-c correction as part of wave 4.
But it's worth keeping in mind that a drop in the #SHIBUSDT price down to $0.00001350 - 0.000015 will still keep the upside scenario relevant.
But probably most would like to see the price drop no longer fall so much, and for CRYPTOCAP:SHIB buyers to keep the price above $0.000020 and continue to grow with a medium or long-term target of $0.000075
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💎 BTC/USDT - Going for $100K ? (READ THE CAPTION)By checking the Bitcoin chart in the weekly time frame, we can see that the price after the correction up to $64,000 went up again and increased up to $72,800! Now the price is trading in the range of $70,000 and in 7 days we will witness bitcoin halving which can cause heavy fluctuations of this cryptocurrency! We are impatiently waiting for this event! After halving, we may see Bitcoin grow up to $100K! But be careful, before the start of this growth, we may see a drop and dumps in the price to Stop Hunt for collecting liquidity from the whales!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
SHIBA's correction will continueAccording to the structure of the waves, it seems that the SHIBA correction will continue.
The correction has started from where we entered "START" on the chart.
It seems that we are in an ABC or a more complicated pattern.
Wave B looks like a triangle with only one wave left.
We expect another downward wave from the red range.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
SHIBA: Important Pattern - UP or DOWN? 👀👇📉Hi Traders, Investors and Speculators of Charts📈
We observe an important pattern on Shiba Inu - the Flag Pattern, also known as the Pennant. From here, ONE KEY THING will give away where the price is going next. Make sure you know what to look for and don't miss it!
Another altcoin to watch closely, is LTC where we recently saw a VERY bullish sign. Find it here:
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CryptoCheck
BINANCE:SHIBUSDT
🔥 #NASDAQ - First LONG , Then SHORT (READ THE CAPTION)By checking the Nasdaq index chart in the 4-hour time frame, we can see that the price started to move exactly as we expected and it grew with more than 330 pips of yield to the range of the previous supply zone! After entering the supply range of 18360 again, the price faced a heavy drop and corrected to the demand range of 17800 to 17970! Now the price is trading in the range of 18130 and is trying to fill the previous FVG! Probably we will see a growth first and then fall again!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Bullish Breakout After Forming Double BottomSHIB has found strong support around $0.00002640 , forming a double bottom pattern on the daily charts. This bullish reversal pattern suggests a potential trend reversal and a breakout to the upside.
The price has already risen to $0.00002864 , which I view as a breakout sign.
Resistance Levels to Monitor
- The first hurdle for SHIB's bullish momentum lies at $0.00002960 . If the price can overcome this initial resistance level, it could pave the way for further gains.
- The second resistance zone is between $0.00003050 and $0.00003200 , an area where many experienced traders are likely to take a profit. A successful breakout above this zone would be a significant bullish development.
- Finally, if SHIB can surge past $0.00003200 , it could encounter resistance around $0.00003455 .
Crypto Impact
The overall health of the cryptocurrency market will significantly influence SHIB's price trajectory. If the current bullish momentum in the broader market wanes, SHIB's breakout attempt could falter.
In a bearish scenario, SHIB could potentially fall back down to its support level around $0.00002375 .
SHIB Shiba Inu Consolidation AreaFollowing Shiba's precise entry into the Buy Area:
At present, I anticipate trading within a range, awaiting price consolidation around $0.00002780 before witnessing another significant move.
Will Shiba Inu coin break or bounce?The price of Shiba Inu (SHIBUSD) is currently hovering around $0.000028 , a critical support level. If the price can hold above this level, it could see a move towards $0.0000310 to $0.0000320 .
However, if the price breaks below $0.000028, it could pull back to $0.0000260 or even $0.0000230 .
SHIB Shiba Inu Technical Analysis PLUS Risk Management ConceptsIn this video, we analyse a potential trade idea for Shiba Inu. We delve into the trend, examine price action, evaluate market structure, and identify a potential entry point based on favourable conditions outlined in the video. Additionally, I discuss my risk management strategy. Traders who lack a robust risk management plan expose themselves to high risk and often have negative trading experiences. It's crucial to incorporate sound risk management into your strategy, as we emphasize in the video. As always, please note that this information is strictly for educational purposes and should not be construed as financial advice.
Will we see $SHIBA run for a 2nd round? I think we will$SHIBA is currently forming a falling wedge pattern and is expected to break out soon. However, its success is dependent on CRYPTOCAP:BTC 's performance.
$SHIB no longer have excuses for its failureLet's understand what SHIB is doing from the weekly timeframe, and it all depends on the BTC halving. Pepe has already taken its own path, not worrying about BTC. Now, if we are to believe LUCIE, (the marketing manager of SHIB) who said on her tweet in 20/03 to expect a new ATH around the halving and mentioned buying the dip , let's see that the buyers on this week are on 0,00002750 (here's our support zone, and the area where significant purchases happened and will happening in the first days of this week).
I believe this week will be crucial to understand if the SHIB team is still bluffing, given the performances of PEPE, BONK, and surely soon BOME, it will no longer have excuses for its failure.
I want to remain LONG and hope that with the breakout of last week's high, SHIB finally returns to its ATH and creates a new one on 0,00013 (FIB 1,618 next level).
💎 BTC/USDT - Bull or Bear ? (READ THE CAPTION)As you can see, after the last Bitcoin analysis, the price was able to grow from FWB:67K to $71.7K, and today this cryptocurrency fell by more than 7% and is currently trading in the range of $66,500! The first important demand level in front of Bitcoin is $59,000 to $63,000 and the second important demand level is $38,800 to $43,700! As you know, there are only 18 days left until the Bitcoin halving, and the closer we get to this date, the more severe the fluctuations of Bitcoin will be!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Shiba inu ... tecnicall analysis Shiba is placed in this triangle, I see it as bullish, but there are buy downs in it, we have to wait to see which direction it will go in the end. After leaving the trend lines and the triangle.
ASTRUSDT BULISHHere's my thought about ASTRUSDT.P
This path will running if BTC price action do not drop.
SHIBUSDT Continuation of Bullish RunSHIBUSDT is likely to continue it's streak for Higher Highs and Higher Lows. On an hourly timeframe, SHIBUSDT printed an inverted Bullish Hammer which suggests that the Bulls will be dominant.
