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Shibainu

$0.000015 In Sight?Shiba Inu token has been grabbing momentum as of late. On the 1W and 1D charts, a distinct W is beginning to form with us being a little above the second trough at the time of this idea. I drew a crude Fibonacci retracement -- it is crude because I am not 100% that I am using the retracement tool accurately BUT there are three fibonacci retracement levels that show strong correlation to prior resistances and supports -- 78.6%, 50%, and 23.6%. If Shiba Inu's price can break through the resistance presented at 23.6% then the next major resistance appears to be at the 50% Fibonacci level, then the 78.6%, and then finally arriving at a bountiful price target around $0.00001587. According to the chart's timeline, this could take up to three months to complete at its current pace which presents two possibilities: Bitcoin ETF gets rejected and the crypto market experiences a news-propelled crash. Corrections will be inevitable in any market but, in my opinion, the Bitcoin ETF getting rejected could send us back to prior lows or at least close to it. Bitcoin ETF gets approved and the prior price target of $0.000015 may arrive sooner as well as be too conservative. Traders should remain cognizant of macroeconomic news and Bitcoin ETF updates as they can render a trading pattern invalid at any moment. However, should everything remain status quo and the market outlook remain positive, it is my personal opinion that this trade can benefit both short and medium term holders. Traders should practice good habits by increasing Stop-Losses with market gains and watching the volume to avoid entering or exiting a trade too soon. COINBASE:SHIBUSD
COINBASE:SHIBUSDLong
by Shepherd_Investor
SHIB - About to go PARABOLIC ?🙀📉Hi Traders, Investors and Speculators of Charts📈 From the technical indicator in the weekly timeframe, we can clearly see how the price behaves when it is above the green trendline - parabolic. This means that if SHIBA can continue to close daily candies and the weekly candle ABOVE this trendline, the next likely price action is parabolic increases. The first three zones to watch will be : It's possible to expect corrections alongside the diagonal support line of higher lows. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck COINBASE:SHIBUSD BINANCE:SHIBUSDT
Long
by CryptoCheck-
6
Shiba Inu Price Soars Towards Critical Resistance!Shiba Inu Price Analysis: Approaching Key Resistance Level Amidst Bullish Momentum The world of cryptocurrency is always filled with excitement and anticipation, and one coin that's been grabbing attention lately is Shiba Inu. With its adorable dog-inspired branding and a passionate community of supporters, Shiba Inu has been making waves in the digital currency space. Today, we'll delve into its recent price action and what the future might hold for this canine-themed coin. The Price Surge: In recent weeks, Shiba Inu has been on an impressive upward trajectory, with its price heading vertically towards a critical resistance level. As of now, it's approaching the multi-year lows resistance level of 0.00001194. This level holds significant importance as a breakout here could potentially mark the beginning of a bullish cycle for the coin. Technical Analysis: Those closely following Shiba Inu's price movements may have noticed the formation of a compelling pattern. Previously, there was mention of the falling wedge breakout play, particularly around the 0.00000900 mark. This pattern signaled a potential reversal in the coin's fortunes, providing favorable entry points for traders looking to capitalize on the upward momentum. Strategic Positioning: For seasoned traders, identifying optimal entry points is crucial, and the recent price action has provided just that. With higher lows being consistently formed, many have secured positions within the falling wedge pattern, anticipating a sustained bullish trend. These strategic positions offer the potential for long-term gains, albeit with the acknowledgment that market dynamics can always surprise. What's Next? As Shiba Inu approaches the critical resistance level, traders are keeping a close eye on its ability to break through with convincing volume. For those considering entry at this juncture, caution is advised. Waiting for confirmation of a breakout and ensuring volume supports the move can mitigate risks associated with entering at potentially overbought levels. Risk Management: In the volatile world of cryptocurrency trading, risk management is paramount. While the bullish momentum may be enticing, it's essential to have a clear exit strategy in place. Should the price fail to sustain above the resistance level, traders should be prepared to cut losses and reassess their positions. Conclusion: Shiba Inu's recent price surge has captured the attention of traders and enthusiasts alike. With the coin approaching a key resistance level, the possibility of a breakout looms large. However, prudent risk management and strategic entry points remain essential in navigating the unpredictable waters of the cryptocurrency market. As always, staying informed and adaptable is key to success in this ever-evolving landscape.
COINBASE:SHIBUSDLong
by UnknownUnicorn2319099
SHIB (Shiba Inu) Technical Analysis & Trade Idea (video)Further to my previous post I thought I would do a video to explain my thought process behind the trade idea. SHIBA 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
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
Shiba Inu Burn Rate Skyrockets 300% Amid Shibarium BreakthroughsThe latest surge in Shiba Inu's burn rate, a staggering 300% increase according to Shibburn data, has sent shockwaves through the crypto market. In just one day, over 2.03 million CRYPTOCAP:SHIB tokens were incinerated, signaling a fervent commitment from the Shiba Inu community to reshape the tokenomics of their beloved meme coin. What's driving this exponential increase in burn rate? It appears to be a combination of factors, with Shibarium's breakthroughs taking center stage. The Shiba Inu community has been hard at work, unveiling plans to introduce new features for Shibarium, including mechanisms to facilitate SHIB burn alongside network transactions. This strategic move not only enhances the ecosystem's utility but also contributes to the reduction of SHIB's circulating supply, thereby potentially driving up its value. But that's not all. The community's ambitious roadmap includes the imminent launch of KNINE and SHEboshi, two innovative tokens set to further bolster SHIB's tokenomics. KNINE, a liquid staking derivatives token on Shibarium, promises to revolutionize staking mechanisms within the ecosystem. On the other hand, SHEboshi, positioned as an ERC-404 semi-fungible token, adds another layer of utility and diversity to the Shiba Inu ecosystem. The impact of these developments is already being felt. Shibarium's daily transactions have soared to 3 million, reflecting growing adoption and activity within the ecosystem. Additionally, Shibarium's Total Value Locked (TVL) is nearing the $1 million mark once again, highlighting the ecosystem's resilience and attractiveness to investors. In terms of price action, Shiba Inu ( CRYPTOCAP:SHIB ) has displayed heightened volatility but ultimately traded in the green, buoyed by the surge in burn rate and positive sentiment surrounding the ecosystem's advancements. At the time of writing, CRYPTOCAP:SHIB is trading at $0.000009871, with the price chart indicating a marginal jump of 0.75% over the past 24 hours. Looking ahead, the future looks promising for Shiba Inu. With the supply of CRYPTOCAP:SHIB tokens dwindling due to increased burning activity and the ecosystem's evolution gaining momentum, crypto market enthusiasts anticipate a significant uptrend in prices. Derivatives data for CRYPTOCAP:SHIB further supports this outlook, with open interest rising 2.69% to $29.51 million and volume jumping 51.94% to $45.65 million. In conclusion, Shiba Inu's meteoric rise in burn rate amid Shibarium breakthroughs heralds a new era of growth and innovation for the meme coin. With the community's unwavering commitment and a robust ecosystem taking shape, CRYPTOCAP:SHIB 's price rally seems not just plausible but imminent, cementing its position as a force to be reckoned with in the crypto landscape.
COINBASE:SHIBUSD
by DEXWireNews
8
💎 BTC/USDT - Bull or Bear ? (READ THE CAPTION)As you can see, Bitcoin had an initial correction up to $46,600, but it came back with demand and is currently trading in the range of $48,300! Until this moment, we have not seen a strong negative reaction from Bitcoin, and this means that the power of the Bulls is still high! The demand ranges are $44,900 to $45,500, $42,800 to $43,300 and $38,500 to $39,800 respectively! In case of an upward trend, its mid-term targets are $50,400 and $52,400, respectively! 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
Long
by ArmanShabanTrading
12
Shiba Inu Price Surge: Burn Rate Sparks Rally Towards $0.00001Often dubbed the "Dogecoin Killer," this meme-inspired token has experienced its fair share of highs and lows. However, recent developments suggest that the tide may be turning in favor of CRYPTOCAP:SHIB holders, as a surge in burn rate ignites a rally towards the elusive $0.00001 mark. SHIB''s Recovery Amidst a broader recovery trend in the crypto market, Shiba Inu ( CRYPTOCAP:SHIB ) has emerged as a standout performer, defying earlier bearish sentiments and reclaiming lost ground. On February 5th, CRYPTOCAP:SHIB bounced back from its local support level at $0.0000085, signaling a 6% increase to reach a current trading price of $0.0000093. This surge not only broke through a critical resistance trendline but also injected a renewed sense of optimism among investors. Burn Rate: Key to this bullish momentum has been the unprecedented surge in burn rate, a metric that measures the destruction of SHIB tokens. Recent data from Shibburn, a platform dedicated to monitoring token burning activities, reveals a staggering 127.41% increase in SHIB incineration, with a jaw-dropping 21 million tokens destroyed in the last 24 hours alone. This surge in burn activity not only reduces the total supply of SHIB but also serves to drive up demand, creating a supply-demand dynamic that could further fuel price appreciation. Impacts of SHIB Burn The implications of this burn-driven rally are profound. Not only does it signal a shift in market dynamics, but it also underscores the growing utility and community engagement within the Shiba Inu ecosystem. As more investors participate in burning initiatives, the scarcity of CRYPTOCAP:SHIB tokens increases, potentially paving the way for sustained price growth in the long term. SHIB's Upward Trajectory However, amid the euphoria of this rally, questions linger about the sustainability of SHIB's upward trajectory. Analysts warn that a failure to sustain bullish momentum could lead to a pullback, with SHIB potentially retracing to a significant support level at $0.0000085. Yet, even in the event of a correction, this support line, which has remained active for almost four months, presents a compelling buying opportunity for traders seeking to enter the SHIB market at a lower price point. Conclusion In conclusion, the recent surge in Shiba Inu's price, fueled by a surge in burn rate and bullish market sentiment, marks a significant milestone for the meme-inspired token. As the crypto community watches with bated breath, all eyes are on SHIB as it embarks on its quest to reach the elusive $0.00001 mark and beyond. With burning initiatives gaining traction and investor optimism on the rise, the journey ahead promises to be both thrilling and unpredictable, embodying the essence of the crypto market itself: volatility, innovation, and endless possibilities.
COINBASE:SHIBUSDLong
by DEXWireNews
"Shiba Inu Coin Breaks Out, Eyes Support Build for Rally"Shiba Inu Coin: Breaking Out and Building Support for a Potential Major Rally In the volatile world of cryptocurrency, few tokens have captured the attention and imagination of investors quite like Shiba Inu Coin. Often dubbed the "Dogecoin Killer," Shiba Inu has been making waves in the crypto community with its rapid price movements and fervent following. Recently, the coin has seen a breakout from a falling wedge pattern, signaling the potential for a major rally. The falling wedge pattern is a technical analysis tool that indicates a potential bullish reversal. It is characterized by contracting price ranges and converging trend lines, suggesting that selling pressure is diminishing and a breakout to the upside is imminent. Shiba Inu's breakout from this pattern is the first step in what could be a significant upward movement for the coin. Currently, Shiba Inu is trading at a critical juncture. While the breakout from the falling wedge pattern is undoubtedly bullish, there are signs that the price may be getting exhausted at its current level. This exhaustion could lead to a healthy correction towards the 0.00000900 level, providing an opportunity to build a strong support zone. A correction to the 0.00000900 level would create a breakout pullback setup, where the previous resistance level becomes support. This support zone is essential for sustaining upward momentum and preventing the price from experiencing a sharp reversal. By establishing a higher low, Shiba Inu would be laying the foundation for further gains in the future. It's worth noting that Shiba Inu has already broken through major resistance levels in its recent rally. However, in order to maintain its upward trajectory, the coin must now focus on building major support. This involves establishing a series of higher lows, indicating that buyers are willing to step in and defend the price at increasingly higher levels. The concept of "stair-stepping" upward is a common strategy in technical analysis, where a security gradually moves higher by forming a series of higher highs and higher lows. This pattern reflects a healthy and sustainable uptrend, characterized by periods of consolidation followed by renewed buying pressure. In conclusion, Shiba Inu Coin has broken out of a falling wedge pattern, signaling the potential for a major rally. However, in order to sustain this upward momentum, the coin must now focus on building major support at higher levels. A correction towards the 0.00000900 level could provide the necessary setup for establishing a strong support zone and leading Shiba Inu into a period of sustained growth. As always, investors should exercise caution and conduct their own research before making any trading decisions in the volatile cryptocurrency market.
COINBASE:SHIBUSD
by UnknownUnicorn2319099
SHIB Shiba Inu Price TargetIf you haven`t sold the Bearish Pennant: Nor bought the dip on SHIB: With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market. Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies. As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm. This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days. My Price Target for SHIB Shiba Inu is the next resistance, $0.00001050.
Long
by TopgOptions
💎 BTC/USDT - $47,000 Reached , What's Next ? (READ THE CAPTION) Bitcoin reached $47,700 ! As you can see, according to our expectation, Bitcoin finally managed to start growing from $42,000 and hit all the targets we had set for it! The price has already reached its highest price in a month and we have to see how the price will react to this important supply range (from $47,700 to $49,000)! The demand ranges are $44,900 to $45,500, $42,800 to $43,300 and $38,500 to $39,800 respectively! In case of an upward trend, its mid-term targets are $50,400 and $52,400, respectively! The Main Analysis : 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
by ArmanShabanTrading
7
💎 BTC/USDT - Ready for the Bullish Move ? (READ THE CAPTION)By examining the Bitcoin chart in the 4-hour time frame, we can see that the price has been successful in maintaining the support of the $42,300 range, and we will probably soon see its further growth towards higher targets such as $45,500, $45,900 and $46,790! 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
Long
by ArmanShabanTrading
10
"Shiba Inu: Potential Major Buy Alert!"Shiba Inu Crypto: Testing Major Resistance Amid Falling Wedge Formation In the ever-evolving landscape of cryptocurrency, Shiba Inu has emerged as a notable player, captivating the attention of investors and enthusiasts alike. As the digital currency market witnesses fluctuations and trends, Shiba Inu finds itself at a crucial juncture, testing major resistance levels within the confines of a falling wedge formation. The falling wedge pattern, characterized by converging trendlines sloping downwards, often indicates a potential bullish reversal. Shiba Inu's current price action is emblematic of this pattern, as it navigates the intricate interplay between support and resistance. Chart analysis reveals two significant lines of resistance. The black line, representing the falling wedge resistance, serves as an average barrier, marking the upper boundary of the wedge formation. Meanwhile, the red falling wedge resistance depicts the maximum heights of past corrections' structural highs, offering a more stringent level to breach. Observing the market dynamics, now presents an opportune moment to monitor Shiba Inu closely. The cryptocurrency is on the cusp of a pivotal breakout, with the potential to initiate a bullish cycle. Should Shiba Inu succeed in surmounting the red wedge resistance, it would signal a compelling indication of a bullish resurgence. Breaking above this critical threshold could catalyze a wave of investor confidence and propel the market upwards. However, while the signs are promising, caution remains prudent. Cryptocurrency markets are notorious for their volatility, and Shiba Inu's journey towards a breakout is not without its risks. Traders and investors must exercise diligence and consider the broader market context before making significant decisions. Factors such as market sentiment, regulatory developments, and macroeconomic trends can all influence Shiba Inu's trajectory. As such, a comprehensive approach to analysis, incorporating both technical and fundamental factors, is essential for informed decision-making. Furthermore, it's essential to recognize that technical patterns serve as guides rather than guarantees. While the falling wedge formation suggests a potential bullish reversal, market dynamics can unfold unpredictably. Therefore, traders should remain adaptive and responsive to evolving price action. In conclusion, Shiba Inu's current positioning within a falling wedge formation, testing major resistance levels, signifies a critical juncture for the cryptocurrency. The convergence of technical factors, coupled with the broader market context, suggests that a breakout may be imminent. As investors await confirmation of a bullish surge, vigilance and prudence are paramount. By staying attuned to market developments and exercising careful analysis, traders can position themselves strategically to capitalize on potential opportunities while mitigating risks.
COINBASE:SHIBUSD
by UnknownUnicorn2319099
SHIB SHIBA INU Technical Analysis and Trade IdeaShiba Inu has been trending downward lately, but the price action has stabilized into a sideways range over the past few days. Although I remain bearish overall, entering a short position requires confirmation. Specifically, I would need the price to break below the current support level, followed by a retest and failure to hold that level. Remember, this is solely my personal analysis and should not be considered financial advice.
Short
by fxtraderanthony
"Shiba Inu Crypto: Patience Amid Market Turbulence"Shiba Inu Crypto: Navigating the Current Market Landscape In the ever-evolving world of cryptocurrency, few tokens have captured the attention and imagination of investors quite like Shiba Inu. Launched as an experiment in decentralized community building, Shiba Inu quickly gained popularity, becoming one of the most talked-about cryptocurrencies in recent memory. However, as with any investment, navigating the turbulent waters of the market requires a keen understanding of both short-term fluctuations and long-term trends. Recent developments in the Shiba Inu market have highlighted the importance of patience and a focus on larger trends. Over the past two months, we have witnessed a breakdown in the upward support that propelled Shiba Inu to new heights earlier in the year. This downward trend has led to lows in sight, with the token currently experiencing choppy trading within a falling wedge pattern on the weekly timeframe. For investors seeking to establish a long-term position in Shiba Inu, the current market conditions may present an opportunity to secure a favorable setup. However, it's crucial to approach the situation with patience and a level-headed mindset. Greed can often cloud judgment and lead to impulsive decisions that may ultimately result in losses. Instead of succumbing to the temptation of chasing short-term gains, investors should focus on the bigger picture and let their money work for them over time. By identifying and capitalizing on larger trends within the cryptocurrency market, investors can position themselves for success in the long run. One of the key principles of successful investing is recognizing that markets move in cycles. While short-term fluctuations may be unsettling, they are often part of a broader trend that can present opportunities for those who are patient and disciplined. By maintaining a long-term perspective and avoiding the urge to constantly buy and sell based on short-term price movements, investors can increase their chances of achieving sustainable returns. In the case of Shiba Inu, the current downward trend may be viewed as a necessary correction within the context of a larger bull market. As the cryptocurrency space continues to mature and evolve, it's essential for investors to remain adaptable and open-minded, adjusting their strategies as market conditions dictate. Ultimately, success in cryptocurrency investing requires a combination of research, patience, and discipline. By focusing on the bigger trends and avoiding the pitfalls of greed and impatience, investors can position themselves for long-term success in the dynamic world of cryptocurrency. So, let's stay patient, stay focused, and let our money work for us.
COINBASE:SHIBUSD
by UnknownUnicorn2319099
2
💎 BTC/USDT - Another Bullish Movement ? (READ THE CAPTION)By re-examining the Bitcoin chart in the 4-hour time frame, we see that the price is still trading in the $42,900 range, and if the price succeeds in maintaining the support of this range, we can expect more growth from Bitcoin! The possible targets of this growth are $45,500, $45,900 and $46,790 respectively! 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
Long
by ArmanShabanTrading
4