Shibainucoin
SHIBUSDT 1D Shiba token price chart shows growth prerequisitesBefore you is the global chart of the SHIBUSDT trading pair
As you can see, the previous Shiba price pump ended in November 2021 and since then the price has been in an 8-month downtrend.
Due to this drop, the Shibainu price returned directly to the liquidity zone , where in 2021, for several months, were gained long positions before the pump by +1200%
Since the SHIBUSD price spent less time in the liquidity zone in June 2022, growth should be expected to be weaker than in 2021.
However, looking at the chart, it seems to us that in the near future a completely real x2 growth - from $0.00001050 to $0.00002100
When trading this coin, you should understand one fact - it is a very speculative asset. Therefore, it is worth setting adequate take profits in order to take the profit that the market is giving at the moment. And also you can move the stop to an upward position during the price growth.
Because, as we can see, it is not a problem at all for a SHIBUSDT trading pair to drop in price by -92%. So that you do not bite their elbows after, which seen great profits, but fixed at best +10-20% and got a traumatized psyche as a gift.
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
A short scalp position for SHIB InuAccording to the chart, we have a resistance level and we will expect the price to fall again when it hits the resistance level
Shiba Inu...Shiba Inu should fly from now on after invalidating a key level from last week. the adjusted count is one above, it wasn't clear because most ending structures are like that, the moment my mentor & I (Individually) started questioning ourselves on the clarity of the structure I knew we should be going upside. The wave that started early this month was an ending diagonal which is also mostly similar to corrective structures (3-3-3), The wave looks more like a 3-3-3-3-3, so I had to be patient until it was complete, that's why i was calling for a more conservatives approach looking for that at the very end. Breaking last weeks low was enough to complete the final 5th wave in a diagonal in 3 waves(always after 3 I usually expect an impulse). So the strength of the impulse right up above the May 14, low (0.00001146) means the down side move is now complete.
Targets.
Again conservatively looking, we should see:
161.8% extension $0.0007
200% extension $0.002
261.8% extension $0.012
Alternative.
Is if we Impulsively go down to the bottom of the Channel trendline then push up impulsively again, other than that am not seeing downside anymore.
🔥 SHIBA INU Trending Down, Breakout May Be NearShiba Inu is currently in a descending channel (Bull-Flag). It could test the green area in the short term (Breakout) or test the red area which would be a buying opportunity. Keep in mind the majority of altcoins depend on the macro (Bitcoin). What's your opinion about $SHIB? Your comments are welcome.
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Legal disclaimer:
Take into account that fundamentals (news) supplement Technical Analysis. A trader does not use a crystal ball to predict the future (news and people's reactions). Additionally Technical Analysis is not an exact science. It involves a degree of subjectivity. The "advice" here given is not a financial advice. You trade at your own risk and nobody can guarantee you results.
Shib Will be cost 0.0002 or 0.00002, Statistical error 900%)Today we are reviewing the SHIBUSDT pair
and it seems that we already have a whole series of successful ideas and forecasts of Shibainu token price movement.
Our previous idea worked done, the growth itself exceeded the most exuberant fantasies and expectations.
Yesterday the info market received a statement about SHIBUSDT listing on the Kraken exchange and the price happily reacted to this news with growth.
The potential for growth on such news can still be about +35%.
However, you need to approach trading and speculating with such a volatile and manipulative asset with a cold mind. One tweet can both lift and collapse the SHIBUSD price by a lot of percents.
The critical levels for the price of SHIB, we've identified $0.000068-0.000070 from the top
and $0.000038 from below.
A confident fixing of SHIBUSDT price above $0.000068-0.000070 will open the way for x3 growth to the area of $0.0002
If the sellers defend the area of $0.000068-0.000070 and start to drive the price down, under different circumstances the fall may stop just around $0.00002.
Therefore, be careful and watchful: the main thing is to keep your deposit and increase it smoothly and confidently!
_____________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
SHIBA SHORT TO 0.000015 (or) 0.00001054SHIBA going to retrace to 88.6% or 94.1% correction TO 0.000015 (or) 0.00001054. We are already going below 78.6% FIB retracement, so the next best points are 88.6% and 94.1% and they are derived by the following formulae:
88.6% price level is derived by squaring (or multiplying by itself) from the Golden Ratio, 0.618:
0.618 x 0.618 = 0.786 (78.6%)
0.786 x 0.786 = 0.886 (88.6%)
0.886 x 0.886 = 0.941 (94.1%)
88.6% retracement price is $0.000015
94.1% retracement price is $0.00001054
I believe SHIBA will still be shorted and may find the reversal at that zone
Please like and comment for feedback
SHIBA INU because you like it!- Like i said before i am not really fan of MEME's Coins, they have no tech behind, but i play with some of them for fun :D
- That said Shiba Creator "Ryoshi" proved for now that he made this token to help people's and grow them and not to rekt them and be greedy.
- Shiba inu community grown to reach 2.4M Followers on Twitter...i never understood how he did it, but he did it!
- Despite Elon Muskitos stays behind Doge, Shiba made much more returns in this bullrun, and that's just a fact.
- Remember those kinds of projects are very dangerous, i really recommend to set a STOP and stick to your plan because you could become an " Forever Hodler ".
- if you don't want to set a STOP LOSS, then invest what u can afford to lose.
- Play as a Trader !
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Trading Plan ( i took out the decimals 0,0000xxx)
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- Notice that Bollinger Band is getting smaller? it could means that we will get a move soon.
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Buy Zone : 30-34
TP1 : 88 ( ATH security TP)
TP2 : 1249ish
TP3 : 1469ish
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STOP : under 24ish
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- i will post my older analysis in comments. please check them to be aware of moves.
- Again Happy New Year to Everyone! Stay Safe !
Happy Tr4Ding !