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Shibainu

Bitcoin Weekly Analysis : Important Bullish Update (READ)Given the recent rise of #Bitcoin in the weekly time frame and reaching $65,000, as expected, strong support was established at $52,750, and the price did not break below $49,000. In this scenario, the short-term targets for Bitcoin are at $67,700 and $71,800. Additionally, based on previous analyses, Bitcoin's mid-term target is $80,000. With the upcoming release of the Core PCE Price Index (Personal Consumption Expenditures) report tomorrow, it's important to note that this report directly impacts the Federal Reserve's monetary policy decisions. If the Core PCE data comes in as expected (0.2%) or even lower, the markets will likely feel less pressure for rapid interest rate hikes. This would benefit riskier assets like Bitcoin, as investors facing controlled inflation and more lenient monetary policies would turn to digital and high-risk assets. In this scenario, Bitcoin is likely to continue its upward trend and reach the short-term targets of $67,700 and $71,800. In the medium term, with easing inflation concerns and stable interest rates, Bitcoin could see further strength, potentially reaching the $80,000 level. However, if the Core PCE data exceeds expectations, indicating higher-than-anticipated inflation, the Federal Reserve may decide to implement more aggressive tightening measures, such as increasing interest rates. This could strengthen the dollar and put short-term pressure on risk assets like Bitcoin. In this case, Bitcoin might experience some downward volatility, with potential support levels at $62,000 and $60,000. However, given the strong fundamental demand and technical factors for Bitcoin, such fluctuations would likely be temporary, and Bitcoin is expected to eventually resume its upward trajectory. The more likely scenario is that Core PCE will come in at or below expectations, providing breathing room for crypto markets and further boosting Bitcoin. However, careful risk management and quick reactions to the data are advised during this critical period.
Long
by ArmanShabanTrading
1
Can SHIBA have its 2020/21 DOGE moment??Shiba Inu (SHIBUSD) is making a strong bullish case this week as not only did it break above its 1W MA50 (blue trend-line) for the first time since mid-August but is also testing the Top of its 7-month Channel Down, all while being supported by the 1W MA200 (orange trend-line). This Channel Down is, on the larger scale, nothing but a Bull Flag, the kind of pattern that precedes aggressive rallies and bullish extensions. In fact if we compare Shiba's Cycle since its October 2021 Top, we see strong similarities with Doge's (DOGEUSD) true expansion Cycle in 2018 - 2021, where it achieved its strongest recognition/ adoption. An (a) top led to a (b- f) Channel Down that priced the Cycle's bottom and after a 1W Golden Cross, it formed the Bull Flat that SHIB is in right now, which initiated its hyper aggressive parabolic rally to the Cycle Top. As a result, being still below its 0.5 Fibonacci retracement level, Shiba is massively undervalued in cyclical terms and technically if the Bull Flag breaks to the upside, the rally that will follow can target the 1.5 Fibonacci extension at 0.00035, just like Dogecoin did in January 2021. Do you think it will replicate this pattern or the market cap would be unrealistic? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:SHIBUSDLong
by TradingShot
10
Bitcoin Weekly Analysis : Bullish Move Ahead? (READ THE CAPTION)By analyzing the Bitcoin chart on the weekly timeframe, we can see that, based on the previous analysis, Bitcoin did not stabilize below the $57,870 level. After a short-term corrective wave, it was once again met with strong demand. Last night, following the announcement of a half-percent interest rate cut by the Federal Reserve, this cryptocurrency saw even more demand and managed to rise to $62,500. Now, we have to see if the price can break above $65,000 by the end of this weekly candle. It’s likely that Bitcoin and other altcoins will soon begin their main bullish wave, with Bitcoin's potential target in the mid-term being $80,000. 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
15
SHIB: Struggling to Break Key ResistanceSHIB has shown a consolidation pattern in the last several hours, trading at $0.00001365, with both the 1H and 4H data indicating weak momentum and slight bearish tendencies. Recent whale activity and general meme-coin market interest have supported SHIB’s price, but technicals show a need for stronger momentum to push the price higher. 1H Chart Breakdown: Weak Momentum and Consolidation On the 1-hour chart, SHIB has been hovering near its Bollinger Band Basis of $0.00001376, unable to gain significant bullish momentum. The RSI at 38.52 signals a slightly oversold condition, while the Stochastic Oscillator (%K at 3.85) is deep in oversold territory, hinting at a potential short-term bounce. However, the MACD is flat, and the ADX at 11.46 indicates a weak trend, suggesting the price might remain in a tight range unless there’s a volume spike. Resistance: $0.00001387 (Upper BB) Support: $0.00001365 (Lower BB) 4H Chart Breakdown: Bearish Momentum Building The 4-hour chart is showing more caution, with SHIB sitting slightly below the Bollinger Band Basis ($0.00001369). The RSI at 49.70 is neutral but points toward a weakening bullish trend, while the Stochastic Oscillator (%K at 25.76) is still in oversold territory, suggesting potential for a brief upward correction. However, the MACD histogram is negative, indicating growing bearish momentum, while the ADX at 12.22 suggests the trend is still relatively weak. Resistance: $0.00001411 (Upper BB, Parabolic SAR) Support: $0.00001327 (Lower BB) Support and Resistance Levels (Across Timeframes): Immediate Resistance (1H & 4H): $0.00001387 - $0.00001411 (Upper BB, SAR level) Immediate Support: $0.00001327 - $0.00001365 (Lower BB) Actionable Strategy: Range-Bound Trading with Weak Momentum Bullish Scenario: If SHIB breaks above $0.00001387 (1H Upper BB), it could attempt a push toward $0.00001411 (4H resistance and SAR level). For traders seeking quick entries, look for a bounce confirmation with rising volume. Bearish Scenario: A failure to hold support at $0.00001365 could see SHIB testing the $0.00001327 level (Lower BB on 4H), and a break below this could open doors to more significant downside toward $0.00001280. Action Point: Given the weak ADX and neutral momentum, consider range-bound trading strategies, setting tight stop-losses around $0.00001327 and aiming for modest profit-taking near $0.00001387.
by MonoCoinSignal
Shiba Inu Burn Rate Surges Over 8000%, Signals a Bullish TrendShiba Inu ( CRYPTOCAP:SHIB ), one of the leading meme cryptocurrencies, is making headlines again as its burn rate skyrocketed over 8000%. Despite facing a broader bearish market, this dramatic spike has reignited investor optimism, hinting at a potential bullish breakout on the horizon. Let’s dive deeper into the factors driving this surge and explore the technical and fundamental aspects shaping CRYPTOCAP:SHIB 's future. The Surge in SHIB Burn Rate: A Positive Catalyst? According to data from Shibburn dated September 11, the Shiba Inu burn rate surged an astonishing 8193.59% in the past 24 hours. This surge reflects nearly 3 million CRYPTOCAP:SHIB tokens being burned within just one day. Over the past week, an eye-popping 271.05 million CRYPTOCAP:SHIB have been removed from circulation. These burns are significant as they reduce the total supply, theoretically paving the way for price appreciation if demand remains constant. The CRYPTOCAP:SHIB community has been actively engaging in burning tokens, a deflationary mechanism aimed at reducing the overall supply. As demand dynamics shift with ecosystem developments, such as the introduction of new utilities like knBONE on Shibarium, the prospects of a future price surge become increasingly plausible. Fundamental Factors Fueling Optimism Recent developments within the Shiba Inu ecosystem are also contributing to the growing positive sentiment. For instance, Shiba Inu executive Lucie recently highlighted the upcoming knBONE on Shibarium, which could provide significant opportunities for developers and further enhance the utility of SHIB within its ecosystem. With increased burning and ongoing ecosystem improvements, SHIB aims to transcend its meme coin origins and position itself as a more fundamentally sound digital asset. Moreover, Shiba Inu’s expanding adoption and partnerships, including listings on prominent exchanges and integration into payment systems, have further solidified its position in the market. These developments are not just cosmetic; they serve as tangible use cases that could drive future demand for SHIB. Technical Outlook: Can SHIB Break Out of the Bearish Trend? Despite the surge in the burn rate, SHIB’s price has not yet reflected this optimism, trading in the red at $0.00001312, down nearly 2.90% in the past 24 hours. The token’s intraday low and high were recorded at $0.00001297 and $0.00001367, respectively, reflecting broader bearish market conditions. Additionally, SHIB’s market capitalization and 24-hour trading volume declined by 2.85% and 12% to $7.73 billion and $149.92 million, respectively, further indicating a dip in investor enthusiasm. Technically, CRYPTOCAP:SHIB is facing resistance at the $0.00001367 level, with support emerging near $0.00001297. Should SHIB manage to break above these resistance levels, it could set the stage for a bullish rally, targeting the $0.00001500 mark, which has historically acted as a strong psychological barrier. On the downside, investors should be wary of a potential drop to $0.00001200 if bearish momentum persists. The Relative Strength Index (RSI) suggests that SHIB is neither oversold nor overbought, indicating room for movement in either direction. As long as SHIB remains above its 50-day moving average, a sustained breakout may be in the cards. Challenges and Future Considerations Despite the promising burn rates and ecosystem growth, SHIB still faces considerable challenges. The recent hack of an Indonesian crypto exchange, which saw 9 billion SHIB tokens stolen, has caused some market jitters. Additionally, broader market trends, such as Bitcoin's recent pullback, could continue to weigh on meme tokens like SHIB. However, despite these setbacks, analysts remain cautiously optimistic about SHIB’s near-term prospects. The recent surge in burn rate, coupled with ongoing ecosystem advancements, provides a bullish case for the token. According to CoinGape Media, SHIB could see potential gains of up to 8% in the coming days, albeit with some expected volatility. Conclusion: A Glimmer of Hope in a Bearish Market Shiba Inu’s 8000% burn rate surge is a bright spot in an otherwise gloomy crypto market. While the price action remains subdued for now, the deflationary effect of the burns and positive ecosystem developments point toward a more bullish outlook. Investors should keep a close eye on technical indicators and market news to gauge potential breakout opportunities. With the SHIB community’s ongoing commitment to reducing supply and the broader ecosystem’s continuous evolution, Shiba Inu remains a token worth watching as it strives to reclaim its former glory in the crypto market.
Long
by DEXWireNews
Bitcoin Weekly Analysis : More Fall Ahead ? (READ THE CAPTION)By analyzing the #Bitcoin chart on the weekly timeframe, we can see that over the past two weeks, the price dropped from $65,000 to $52,500 and is currently trading around $54,400. If the price remains below $57,870, we will likely see further declines in Bitcoin. The potential targets for this drop are $50,750, $49,000, and $44,100. After a short corrective wave, we may witness a significant upward move in Bitcoin, with targets above $80,000. 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
Short
by ArmanShabanTrading
1
SHIBA INU: One of the Pioneering Tokens in the Meme Coin Market.Hello Traders, Here’s an update on Shiba Inu on the weekly timeframe. In the early years of meme coins, SHIB was one of the pioneering tokens that started the trend and remains a strong contender with a market cap of over $7.78 billion. Currently, SHIB is in a downtrend, with the price nearing the support range of $0.00001076 to $0.0000120. SHIB must hold this support and rebound toward the resistance trendline. Failure to hold this support could likely trigger a drop to the lower support level at $0.000007. Spot Trade Setup for SHIB: - Accumulation Range 1: $0.00001076 to $0.0000120 - Accumulation Range 2: $0.0000056 to $0.0000071 - Primary Resistance/Short-term Target: $0.000026 to $0.000033 - Long-term Target: $0.000089 to $0.00015 Note: This content is for educational purposes only and not financial advice. Please do your research and analysis before investing. Trade safely. Best regards, Team Dexter
Long
by Dexter_The_Trader
Shiba Inu: Long-Term Trading Outlook with Key LevelsAnalyzing Shiba Inu for potential long-term trading opportunities. The red and green lines on the chart highlight crucial zones where price most probably could react, offering insights for both bulls and bears. These levels may be the key to understanding where the market could head next. Curious about how these lines are drawn? Feel free to drop your thoughts in the comments, and follow for more in-depth analysis! Disclaimer: This is not financial advice. Always trade responsibly!
COINBASE:SHIBUSD
by Remora_traders
SHIB USDT - FRACTAL Shows Bullish Impulse NextMany altcoins are currently in Accumulation Phase and/or approaching great buy zones. This is the part of the cycle where there seems to be very little action, and the price moves in a range and sideways. It's safe to say that we can expect sideways/range trading until BTC moves the market. In a previous update, I mentioned how it is crucial to watch not only BTC, but BTC.D and the TOTAL3 market for the next move: The good news, is that this makes for an excellent time to BUY back into any market. The lowest risk option here would require some patience though, because the accumulation cycle often lasts month. Luckily - we are already a month in of mostly range trading. Here's a look at another altcoin that's possible worth buying - RNDR, which is now approaching a great zone to buy-back : __________________________________ BINANCE:SHIBUSDT
Long
by CryptoCheck-
1
Shiba Inu bulls fail: here's whyShiba Inu (SHIB), a leading meme coin, has been trading within a horizontal range since August 8. While it briefly surged past the upper boundary of this channel, it failed to sustain the breakout and dropped back below resistance on August 28. Following this, SHIB moved toward the channel’s lower boundary, which acted as support. However, the coin has now broken below this key level, signaling increased selling pressure and the likelihood of further declines in SHIB’s value. A market is said to be in consolidation when an asset trades within a horizontal channel, meaning its price moves within a defined range for a period of time. The upper boundary of this channel represents resistance, while the lower boundary acts as support. In the case of Shiba Inu (SHIB), this consolidation saw the asset facing resistance at $0.000014, while bulls provided support at $0.000012. This sideways movement highlighted the balance between buying and selling pressures in the SHIB market, preventing the coin’s price from making a strong move in either direction during this period. If Shiba Inu (SHIB) retests its recent breakout and successfully reverses, it could signal the start of a new uptrend. With sufficient buying pressure, SHIB’s price might rally toward the resistance level of $0.000014 and potentially break above it. If this occurs, the meme coin could aim for the $0.000018 mark. However, if the current downtrend persists, SHIB’s value could face a further 23% drop, bringing it back to its August 5 low of $0.00001. This scenario would indicate a deeper bearish outlook, with selling pressure continuing to weigh on the coin’s price.
by paul_endeo
What's next after Shiba Inu (SHIB) 10% recovery?Shiba Inu (SHIB) has seen remarkable whale interest during this week’s recovery rally. The rally, which started on the 19th of August, reaching a 10% gain during the early New York trading session on the 22nd of August.  The recovery also coincided with a recent Shiba Eternity game launched on its Shibarium network. However, the recovery hit a short-term supply at the 61.8% Fibonacci retracement level.  After a massive dump on the 5th of August, SHIB has traded sideways between 61.8% ($0.000014) and 78.6% ($0.000012) Fib levels.  The recent recovery has reached the short-term range-high at $0.000014, which could trigger another sell-off as seen in the past.  Meanwhile, demand and buying pressure surged, as indicated by rising RSI (Relative Strength Index) and CMF (Chaikin Money Flow).  However, demand interest in the dog-themed memecoin was not above the average levels at the time of writing, which could make it challenging to cross the resistance at $0.000014.  So, if Bitcoin’s (BTC) price consolidation below $61K extends, SHIB could follow suit. Ergo, the short-term range highs and lows could remain key SHIB levels to watch in the short term.
by paul_endeo
Shiba FRACTAL : FEB 2024 - 330% in 2 WEEKSBINANCE:SHIBUSDT Many altcoins are currently in Accumulation Phase. This is the part of the cycle where there seems to be very little action, and the price moves in a range and sideways. It's safe to say that we can expect sideways/range trading until BTC moves the market. In a previous update, I mentioned how BTC loves Decembers: The good news, is that this makes for an excellent time to BUY back into any market. The lowest risk option here would require some patience though, because the accumulation cycle often lasts month. Luckily - we are already a month in of mostly range trading. Here's a look at SHIBA's best buy zones in more detail, as well as other altcoins that are in or approaching the ideal buy zone:
by CryptoCheck-
4 to 1 Reward vs. Risk $500 SHIBA TRADE AT 20X.Shiba Inu is very popular in Japan, and with the economy spiraling into the depths of despair in Japan right now, it's only a matter of time before the Japanese people will be flooding into assets in an attempt to preserve their buying power. I think Shiba Inu will be one of the beneficiaries of this coming flight to safety. Don't follow my trades; come up with your own ideas. Don't be a follower—be a trailblazer! Good luck!
COINBASE:SHIBUSDLong
by MetaShackle
4
Bitcoin Weekly Analysis: Potential LONG ! (READ THE CAPTION)By reviewing the #Bitcoin chart on the weekly timeframe, we can see that the price is currently trading around the $59,500 level. The key level to watch tonight is whether Bitcoin can hold above $58,700. In my opinion, Bitcoin is likely to soon rally towards $63,400. However, once it reaches this level, we might see a negative reaction. After observing this reaction, we can better assess Bitcoin's next potential move. 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 ((2+4+7+13+15+18+26+36+38+69+87+101+183+209+1000+1002+1000000000+1000000001+ 1000000853)^♾️*69) + 1 !
Long
by ArmanShabanTrading
14
GTAI/USDT : Another Bullrun Ahead ? (READ THE CAPTION)By analyzing the #GTProtocol chart on the 4-hour timeframe, we observe that, as expected from our previous analysis, this cryptocurrency has grown by 13% to reach $0.5620! Now, after a correction that brought GT Protocol down to the $0.48 level, we see support at this range. If the price can stabilize above the support zone of $0.45 to $0.48, we can anticipate further growth from this cryptocurrency! The expected short-term return is 9%, and the mid-term return is 45%. 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
1
SHIB Technical Analysis in a Weekly TimeframeHello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: SHIB is currently in a downtrend and is likely to fall further if the market faces another bearish scenario. The price at $0.0000135 is currently hovering between support and resistance. The RSI is close to the oversold zone, indicating some room for further bearish movement. A quick market reversal could change the outlook, but nothing can be confirmed at this time. Key levels: - Lower Support: $0.000006836 - Primary Resistance: $0.00001799 - Resistance Trendline: $0.000025 - Target: Previous all-time high DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
GBP/USD : The Price Will Fall ! (READ THE CAPTION)By examining the GBP/USD chart in the 4-hour timeframe, we observe that the price has entered our desired supply zone as expected and has shown an initial reaction to this level. I expect this pair to decline in price with the market opening, with the first target being 1.27050. 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
Short
by ArmanShabanTrading
5