SHIBA is completing the retest 🚀Hello 🐋
Based on the chart
the price is close to the major support and better to say the previous zone that started its amazing pumping to the upside ✔️
and
we expect to see gain and pump from here, besides the range market is 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 🐋
Shibainu
Shiba Inu Adam and Eve Double-Bottom?I am going long on Shiba Inu. Looks like an Adam and Eve double bottom. Volume shows a high probability move to the upside. Looks like we just completed our ABC correction for the first ( hopefully many) Elliott waves to the upside.
✅ Professional and Detailed TA of #BITCOINComprehensive and specialized review of Bitcoin in two time frames , Weekly and 3-Days : Well, as you can see, almost everything on the chart is marked with high accuracy, but the details of the analysis are as follows.
By examining #Bitcoin in the weekly time, we see that the price entered a strong supply range last week, which overlapped with the supply range in the TOTAL index and caused the price to face a slight correction. Now, with a more detailed examination, I have identified important levels on the chart that I will address! A large liquidity pool is located above the $25,000 level, which can be one of the important targets for buyers, and I expect it to grow to that level as the next target! The next targets are selected based on the liquidity voids , which is $25,260 to $28,000 and $27,000 to $29,180 respectively (difference in time frames)! The mid-term and possible price target after hitting these targets is $30,000 to $32,400! ( This analysis will be updated in the future )
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 01.29.2022
⚠️(DYOR)
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$DOGE leading atm - $SHIB not shabby either - Meme coin turn???Please look at profile for more data on this post
LOOK @ S T R E N G T H
$DOGE looks good
As pointed out some time sold ton of $SHIB & rolled most into #DOGE, price is low - high 7's
Would still buy if didn't have
First time EVER, in my personal, anything is similar in size to #SHIB
Who let the dogs out? #meme
#dogearmy #SHIBARMY #crypto
SHIBUSD Potential for Bullish Continuation | 30th January 2023Looking at the H4 chart, my overall bias for SHIBUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a buy stop entry at 0.00001295, where the recent high is, we are looking to take profit at 0.00001518, where the previous swing high is. Stop loss will be placed at 0.00001111, where the previous overlap support is.
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SHIB MAY RALLY ANOTHER 40% IF THE PRICE WILL DO A BREAKOUTSHIB is an important structure. The price is playing inside a nice parallel channel where the current market price holds the upper boundary and the resistance is formed on the daily timeframe. If the price can do a bullish breakout here, then we may see a nice rally to the upside which can push the prices by 30%-40%.
But the prices and the bullish closings of recent daily candles are following a neutral or bearish sentiment by respecting the upper boundary and the resistance formed. If the price still manages to respect the upper boundary and the resistance as a sell zone, there we may see another bearish trend that can revisit back toward the support highlighted.
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$BTC : Towards 24K ? READ THE CAPTION As you can see, according to the previous analysis, the price could not stabilize below 20400$ and practically did not have the necessary condition for confirmation of the fall and moved from the same range to the upward target of $22800, the overall return of Bitcoin analysis in the last month has more than %40 ! Now the price has penetrated above $22,800 and the new scenario will be as follows : the possibility of price correction to the range of $20,400 to $21,650 (Bullish BB) and then moving towards $24,000 !
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 01.23.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
SHIB🐕 breaking out once again?Please 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free.
After this accurate call...
...the price has been testing the channel upper edge from daily timeframe repeatedly the whole last week:
Also price is consolidating right below the channel upper edge in form of symmetrical triangle which is usually continuation pattern. It seems to me that Shiba Inu could be ready to break up this triangle📐 and IF successful I think there is chance for run to 0.00001410. I'm setting the BUY STOP-LIMIT order to recent range high anticipating the triangle breakout.
ENTRY : local high @ 0.00001220
STOPLOSS (SL) : local low @ 0.00001179
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 0.00001410
REWARD RISK RATIO (RRR) : 4.7
INVALIDATION : when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
SHIBUSDT 1HSHIB at this moment is trying to pass the cloud from bottom to top, forming a triangle. A clear accumulation movement that will result in an upward explosion.
Main support levels : 0.00001150 / 0.00001134
Main Resistance Levels : 0.00001163 / 0.00001177
MM100: At the height of $0.00001153
RSI: Exhaustion of Buying Forces
To date, Shiba Inu's burn rate has seen a whopping 28,850% increase in the last 24 hours, which is the highest percentage increase on the network seen in recent months.
Shiba .New technical analysis 🐕If Shiba does not cross its upper diagonal trendline, it cannot be said to have progressed, it is currently stuck in a triangle, unlike Bitcoin, which has crossed its long-term trendline, Shiba is still stuck and let's wait . . In the past, Shiba pumped later than other currencies, but suicidally, it suddenly increased by 8 times in a short period of time.
Layer 2 Shiba Inu: WHAT to expect and HOW to make profitThe Shiba Inu team announced the release of a Layer 2 network called Shibarium. Shibarium will run on top of the main Ethereum network, ensuring full interoperability and facilitating user and capital migration. The primary function of this network will be to launch and support decentralized applications. Shibarium will initially support $SHIB, $LEASH and $BONE as ecosystem tokens $BONE will become a native token of the network and will be used to pay for gas and reward validators. As a result, the team mentioned that Shibarium will implement a $SHIB token burning mechanism
What are the pros?
The main piece of good news is that the project, which began as a funny meme-token for amusement and community unity, is now getting a comprehensible product and application.
The Shiba team decided against developing a separate non-EVM network in Rust or another language. They made the decision to join an EVM-like ecosystem. It will enable them to fight for the users as well as TVL.
What are the cons?
The native token is $BONE, not the main token of the ecosystem – $SHIB. The team may have concluded that it would protect them from the project failure, if something irreparable happened. In this case $SHIB would not get a hard hit. In our opinion, $SHIB will take the hit anyway. As we see in the main graphics, $SHIB and $BONE have a similar reaction. The only difference is in the percent of the price change as $BONE is a more volatile token. Thus, what is the purpose to create another token inside the ecosystem, if the main token can be recapitalized?
The use of 3 tokens inside one blockchain is a weak point of the project. As we can see over time, there is no need to complicate the concept because a single native token suffices. This concept has stood the test of time and is more sustainable due to fewer risks. Another intriguing aspect is that the project team announced that Shibarium would have three main tokens, but that another token, $TREAT, would be created to stimulate users. In fact, four utility tokens will coexist on a single blockchain. It appears that the project does not require all of these tokens. If the project team recognizes the need for a mechanism to reduce the emission of $SHIB and develops one, why not use only one token within the network?
Shibarium doesn't have any killer-features. According to Shibarium's announcement, the project will be similar to other L2 projects. The team selected a tried-and-true technology stack and built their own network. It's not bad, and it makes sense, but Shibarium will face competition from Arbitrum, Optimism, Sui, Aptos, Sei, Berachain, and Canto, all of which are based on ZK technologies. If you create such a mundane project, you should expect it to fail because you will be unable to attract talented developers and your network will lack projects like GMX.
Users and TVL
Let's be real. $SHIB is a mass-market token. Since 2021, its token customers and holders have all been users, the majority of whom simply desired a quick "to the moon" and an expensive sports car in their garage. These users have no idea what dapps are, and many of them are unable to use Metamask. Their user pattern is a "buy-hold-sell" strategy, and they do not require dapps or L2 because they do not understand what it is. The rest are advanced users who can profit from narratives and will profit from Shibarium via LP, NFT, and then leave. Shibarium will simply not have enough liquidity, TVL, or users to keep developers interested for an extended period of time. Without developers, there will be no strong products, no target users, no liquidity, and no TVL. Let’s consider Dogecoin as an example:
The Dogechain TVL chart
The $DOGE and $DC chart
The highest TVL is shown in the chart's frame. As we can see, the greatest growth of TVL occurs when the price of $DOGE and $DC rises. It is also worth noting that each new local price increase is followed by less TVL growth on Dogecoin. Why is this so? The user base of dapps and onchain apps is losing faith in the Dogechain's success, but they don't have a choice, and others aren't just interested. We can assume that Dogechain does not attract new users and that existing users are less interested in the project.
Consider the example of a good network TVL, where each token has a lower capitalization than $DOGE or $SHIB.
Canto
Hedera
Optimism
There is a chance that Shabarium will repeat the Dogechain story, with users returning only with token growth, and each return will be less impulsive.
What can we do and how can we make money?
Collect the $BONE and $SHIB stacks, and keep risk management in mind. The launch of Shibarium is unknown, as is what will happen to $BONE;
Find projects that will be launched on Shibarium and add them to your watchlist. Find all markets where these projects are traded;
Keep an eye on the announcements within the ecosystem and revise your watchlist and strategy as necessary;
When you realize you can enter the market, just do it. In practice, we know that the first week following the launch will be the most profitable for those who were prepared and entered the ecosystem first;
Remember the Dogechain lesson and avoid being greedy.
In turn, we will monitor the evolution of the $SHIBA ecosystem and strive to provide users with as many tools as possible to profit from this narrative. We monitor market trends and try to provide traders with information that can help them receive profit so check links in our signature and join our community. Also write a comment what do you think about Shibarium and its prospects
Thanks for reading!