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Shibainu

✴️ Shiba Inu Correction Likely EndingWe have a nice full green candle yesterday that pushed SHIBUSDT right back above EMA100. The correction is likely ending. In early February SHIBUSDT hit its highest level since August 2022, what followed was a correction which is normal after strong growth. Recently the 0.618 Fib. retracement level has been tested and a strong reaction took place. Notice the falling wedge pattern in gray. This is early but get ready... The correction might be reaching its end. Namaste.
Long
by MasterAnanda
1
🔥SHIB TARGETS ARE HIGHER BY AT LEAST 20%!🔥 Hi friends! Shiba Inu made a pullback with other altcoins and Bitcoin. The news about Silvergate bankruptcy made a bad influence on the whole market. They failed to file their annual report, citing a regulatory investigation - they are likely insolvent and have already lost most of their partners (Coinbase, Paxos, etc.). It gives a chance to open a nice long, but we need more positive preconditions which I mention in my trading plan. 📊 TRADING PLAN FOR SHIB: 🔥 false breakout of the local low ($0.0109) and return the price above this level 🔥 volume growth is already happening, so it's a good reversal sign 🔥 bullish BTC 🚩 Friends, I use DOM and Footrpint scalping tools to track where the big guys sell and buy coins. If I will see that big guys buy SHIB during the false breakout, I will open my long with a short sl. These are very useful indicators. ✅ MY TARGETS FOR SHIB: 1. $0.0119-0.0125 - the value area and huge resistance (book 40-50% of profit here) 2. $0.014 - the key level 3. $0.0158 - the key level and local highs What is your thoughts about BTC and altcoin? Will it go down or up? Write in the comments! I want to know the mood of my dear followers! 💻Friends, press the "boost"🚀 button, write comments, and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
4
SHIBUSDT hit again weekly support, next leg up to next resist.The price has found support at weekly level once again. Though it has been tested several time, I am inclined to give it one more chance and expecting the price to bounce again here at least to the next resistance zone which I see as 0 00001207. But thas not very prominent one and the price might see a bit of pullback there but will then head to 0.00001226. And if the momentum and strength is not exhausted then after experiencing a pullback here the price will head for 0.00001240. But I think lets have our target as 0.00001226 first and 0.00001207 as a pivot for moving our stop loss to the entry point. That means once the price hits 0.00001207, the stop loss must be moved to the entry point.
Long
by angela_altair
2
"Shiba Inu Coin Technical Analysis: Descending Triangle Pattern "Shiba Inu Coin Technical Analysis: Descending Triangle Pattern Indicates Bearish Momentum, Traders Beware!" Shiba Inu Price Analysis:- Shiba Inu (SHIB) has recently faced a correction phase amid increasing bearish sentiment in the cryptocurrency market. The coin created a local top at $0.00001575, after which the daily chart revealed a downward trendline and horizontal support, indicating the formation of a descending triangle pattern. As a result, the SHIB price has been responding actively to this bearish pattern, and traders may be interested in knowing how to trade this pattern. Here are the key points of the SHIB price analysis:- The SHIB price has entered a correction phase after reaching a local top at $0.00001575 amid increasing bearish sentiment in the crypto market. The daily chart indicates the formation of a descending triangle pattern with a series of lower highs, suggesting a weakening of bullish momentum. A potential breakdown below the $0.00001170 support level could trigger the bearish pattern and lead to a further price drop. The intraday trading volume of SHIB currently stands at $172,906,077 ( $172.9 Million ) , indicating a 9% loss and a bearish sentiment among investors. Traders should approach the SHIB market with caution, considering the bearish trend and the potential breakdown of the key support level. Technical Analysis Update:- The current correction in the Shiba Inu coin is being governed by a descending triangle pattern. Traders have observed that the coin's price has repeatedly reverted from the pattern's resistance trendline and horizontal support. As a result, traders are closely monitoring this bearish continuation pattern and its potential target. At present, the SHIB price is trading at $0.00001241 and remains above the neckline support of $0.00001170. With a 0.15% increase in price today, the memecoin is expected to resume its ongoing consolidation and reach the overhead trendline. In summary, the SHIB price analysis suggests that traders are closely monitoring the descending triangle pattern and its potential target. The coin's price is currently hovering above the neckline support, and a price increase is expected to resume the consolidation phase. The ongoing correction in the SHIB price is likely to be governed by this bearish pattern, and traders should be cautious in their approach. The area between the overhead trendline and neckline support is likely to be designated as a no-trading zone for the SHIB price. Interested traders must wait for a breakout opportunity to get a better confirmation of the price trend. If the price of SHIB breaks below the $0.00001170 support level with a daily candle closing, there is a higher possibility of increased selling pressure. In such a scenario, traders may consider taking short entries at this breakdown, which could cause the price to plunge by 22% down to reach the $0.00000945 support level. In summary, traders should be cautious in their approach to the SHIB market and closely monitor the price movement for potential breakout opportunities. A bearish breakdown below the $0.00001170 support level could trigger increased selling pressure, and traders may consider taking short positions. A price drop of up to 22% down to the $0.00000945 support level is a possible outcome in this scenario. Technical indicator Overview:- RSI:- The daily Relative Strength Index (RSI) slope for SHIB has dropped below the midline, indicating a shift in market sentiment from bullish to bearish. This suggests that the sellers are gaining control of the market and that caution is advised when considering any potential trades. EMA's:- The 50-day and 200-day Exponential Moving Averages (EMAs) are moving closer to the $0.00001170 support level for SHIB, which is strengthening its support power. This convergence of EMAs is a significant technical indicator and suggests that the support level is becoming increasingly important. Traders should closely monitor the price movement around this level as a breakdown could trigger a sharp price drop. If you found my content and analysis helpful, please consider liking, sharing, and following me. Your support is greatly appreciated and helps me to continue producing high-quality content for you. Thank you for your support!
Short
by CryptoPatel
3
SHIB 12 HR Looking like it wants to break up! SHIB has been a runner! Keep an eye on this one because if it breaks above the yellow trend line of this falling channel things can get BULLISH really fast! All it takes is Elon Musk tweeting a picture of his #DOGE and #SHIB will pump too! LOL! along with #FLOKI A lot of ALT coins can run hard this week.... Get ready!!! Alt gains are mind blowing and will melt your face OFF!!! Prepare your Coffee, load up on Monster and or Red Bull!!! LOL! PRO TIP: Always have BTC.D (Bitcoin Dominance) chart open. When it starts to drop, ALT coins can run better! <--- Good Luck Out There!
by BuddaCo_LifeStyle
SHIB: Descending TriangleShiba Inu (SHIB) technical analysis: Trade setup : Following a bullish breakout from Falling Wedge and above 200-day moving average, price entered an Uptrend again. Now it’s consolidating in a from Descending triangle Pattern. Wait for a breakout. Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $0.000012 (previous resistance), then $0.000010. The nearest Resistance Zone is $0.000015, then $0.0000180.
Long
by altFINS
SHIBA ready to gain 🚀Hello 🐋 Based on the chart the price is close to the major support and in the triangle pattern ✔️ beside we expect to see gain and pump from here ✔️ and even the range market and many range candlesticks are acceptable scenario too 📖💡🚀 👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
11
ArmanShabanTrading |🟢 BTC/USD : New Update : Bull or Bear ?As you can see, Bitcoin is still in the range of 24K and the next Institutional Support (IS) is in the range of $21440 to $23030! The previous analysis targets are still valid if this support range is maintained! ($25,930, $27,000 and $28,800) ! THE MAIN TA : Follow me for more analysis & Feel free to ask any questions you have, I'm here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 02.23.2023 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
COINBASE:BTCUSDLong
by ArmanShabanTrading
8
🔥SHIB IS GOING UP AFTER THIS MANIPULATION! TWITTER COIN🔥Hi, friends! SHIB as any other altcoins make a pullback before the pump. Our aim is to find the best entry point and enter the long in time. I recommend you check my trading plan and use it when the huge pullback to the support value areas begins. 📊 TRADING PLAN FOR SHIB: 🔥 break the triangle down 🔥 test the value area $0.01186-0.0122 as the support 🔥 bullish BTC 🚩 Friends, I leave the small probability that the price continue to grow after the breakout of the triangle up. It's around 10-15% probability. ✅ THE MAIN TARGETS FOR SHIB: 1. $0.014 - the key level and even number 2. $0.01575 - the key level and local highs 3. $0.01783 - the key level and local highs I think the upcoming pump can be related to the Twitter Coin announce, so stay tuned and use these preconditions to open your longs. 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
3