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Shibainucrypto

Shiba Inu / SHIB analysisShiba Inu price today is $0.000012 with a 24hour trading volume of 300 million dollar. SHIB price is up 45% since last month SHIB is a meme token which began as a fun currency and has now transformed into a decentralized ecosystem. during the initial launch, 50% of the supply was allocated into Vitalik Buterin's ethereum wallet. The price of SHIB has soared from as low as $0.000000000056 to an all time high of $0.000084, that is a 1500X times increase within 8 months. some call it Dogekiller too! welcome to crypto zoo!! Shiba Inu lead developer Shytoshi Kusama hints at rising development activity as Shibarium Beta launch date comes near. but lets talk about the chart most of charts looks the same and waiting for break out , I personally took profit and waiting to see can bulldogs break 0.000013 if yes then longing to 0.000014 make sense. if btc goes down then we can back to 0.00001
by moonypto
18
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 tradingwithanthony
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 tradingwithanthony
Shiba Inu Burn Frenzy: Community Incinerates 44 Million SHIB the self-proclaimed "Dogecoin killer," has witnessed a remarkable surge in its burn rate, soaring by a staggering 232.85% within the last 24 hours. The Shiba Inu community took the reins in this burning frenzy, incinerating a whopping 44.09 million CRYPTOCAP:SHIB in a bid to reshape the tokenomics of the meme coin. Despite the enthusiastic burn campaign, the Shiba Inu price chart has experienced a 3.27% drop over the past day, sparking curiosity and concern within the crypto community. The Burn Report: Data from Shibburn, a platform dedicated to providing insights into Shiba Inu burning activities, revealed the extraordinary surge in the burn rate. The community's active participation led to the incineration of 44.09 million CRYPTOCAP:SHIB within a 24-hour period, with two significant transactions to dead wallets playing a pivotal role. The first transaction saw 13.63 million CRYPTOCAP:SHIB moved to a dead wallet, followed by a massive 30.46 million CRYPTOCAP:SHIB in another transaction. This remarkable burning spree has fueled optimism among traders and investors as the community strives to enhance the SHIB tokenomics. Market Reaction: Contrary to the burning enthusiasm, the Shiba Inu price chart paints a different picture. Currently trading at $0.00000910, the meme coin has witnessed a 3.27% decline in the past 24 hours. The market cap and trading volume have also experienced notable decreases of 3.27% and 21.39%, respectively. Despite these downturns, proponents of Shiba Inu believe that the recent burning frenzy could provide the necessary impetus to bolster prices in the near future. Community-Driven Tokenomics: The Shiba Inu community's proactive involvement in the burning process showcases a commitment to shaping the tokenomics of the meme coin. By voluntarily transferring substantial amounts of CRYPTOCAP:SHIB to dead wallets, community members aim to reduce the circulating supply and potentially drive up the value of the remaining tokens. This grassroots effort reflects a unique approach to fostering community engagement and influencing the trajectory of Shiba Inu in the broader crypto landscape. Future Prospects: As the Shiba Inu community continues its burning campaign, the crypto market eagerly awaits the potential impact on the meme coin's price. Despite the recent price drop, enthusiasts remain optimistic that the significant reduction in circulating supply could lead to a positive shift in Shiba Inu's valuation. The ongoing burning chronicle, driven by community initiatives, adds an intriguing layer to the narrative surrounding Shiba Inu, making it a token to watch in the evolving crypto landscape. Conclusion: Shiba Inu's burn frenzy has undoubtedly captured the attention of the crypto community, with enthusiasts closely monitoring the impact on tokenomics and market dynamics. While the recent price drop raises questions, the community's dedication to burning millions of CRYPTOCAP:SHIB reflects a unique strategy to influence the meme coin's future. As the burning saga unfolds, Shiba Inu remains a captivating and dynamic player in the ever-evolving world of cryptocurrencies.
COINBASE:SHIBUSD
by DEXWireNews
SHIB INU Price Analysis (30 Min Chart)Here's what I'm seeing in today's 30 min chart . SHIB NEEDS to hold this current area of support around .00001204 IF SHIB Wants to continue on to the upside.If this happens, SHIB will most likely go back up and test the next area of around .00001255 -.00001308. AND then .00001365 LVL will be looking pretty reachable from here. IF SHIB Cant hold this current Support Zone, we will see the coin drop back down to the .00001140-.00001201 LVLS With LOADS of SUPPORT around the .00000989 - .00001047 LVL . Thanks for looking! Have a great day everyone.
by owenNations
5
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.
Long
by pkhumalo
2
Shiba Inu!From last week we are looking at the alternative structure unfolding. But this bear cycle is ending because it is a corrective wave, and I am expecting an ending structure that will be choppy but actually completing that (Y)leg in the red degree, which should come with strong divergence on the RSI. The blue strip extending from the blue-box is actually the 100% extension of the red (W) leg which began end of October 28, 2021 to January 22, 2022, which coincides with the lower boundary channel line. The red (Y) leg made an impulse to the downside rather than a 3 wave move thus we should be completing wave 5 in the coming days/week, with strong divergence(RSI) before we see an impulse to the upside. For me this is the last move to the downside... Alternative... I don't expect Shiba Inu to break below previous lows.
Long
by pkhumalo
1
Shiba Inu Bullish!It looks as though Shiba Inu has began its bullish sequence after completing the correction of the impulse that began from the 7 Sept 2021 low. That impulse was a 5 wave move to the upside topping on 28 Oct 2021 (All time High at 0.00008847). This impulse was then preceded by a downward channel unfolding in a 7 swing sequence bottoming recently as of 12 May 2022, making 0.00000910 as the end of wave 2 in the larger yellow (intermediate) degree, just a few points shy on the bottom trendline channel. The end of wave 2 means that we have now began wave 3 in yellow which I expect to unfold in 9,13,17(waves) etc..., depending on how many smaller impulsive subwaves are formed going up, already the impulse from 0.00000910 to 0.00001466 means we have began the uptrend with a subwave, (purple subminuatte degree). Alternate View! If however price fails to break strongly to the upside the next level of significance is 0.000018 - 0.00003... price should fail within that small bluebox, and head lower to break the May 12, 2022 low after which we then should expect it to go higher because it would have completely exhausted the possible corrective sequence to the downside. So our possibilities to the downside are now very much limited with only a possibility of one more move down if price fails to push higher within the small bluebox in it path.
Long
by pkhumalo
2
Four TP waiting for you!!!The market may not be bullish these days, but like a horse it is gaining energy to move and show its energy and climb and start the Altcoins season. In the explanation according to Fibonacci and channel, it can be seen that the price reaches the first target equal to Fibo 0.382 after going through the ascending channel, and after a possible reaction to this level, to the second target equal to Fibo 0.5 and then to the third target equal to Fibo. It will reach 0.618. Also, the fourth target is 0.707 against Fibo and it is the end of the channel that will not be far away. At the end of the channel, we will see a lot of reaction to this price and Fibo. Sales will increase and may fall again to Fibonacci 0.382 or even 0.236.
Long
by khosrooparviz
Shiba Inu/ USDButterfly Pattern Formation on Shiba Inu: It starts with a bullish XA move. AB is then Bullish. BC is bearish, and CD is Bullish again. XA: This can be any price activity on the chart. There is no specific price movement in Butterfly pattern. AB: The AB move should be 78.6 % Fibonacci of XA. BC: The BC move should finish between 38.2% and 88.6% Fibonacci of AB. CD: The CD move will be the final part of the pattern and often extends forming 127%, 161.8% or 224% of AB extension. The target price of the pattern can be 3 intermediate targets before the final target which are: Target 1: point B swing. Target 2: Point X swing. Target 3: 161.8% of AB. Target 4: 224% of AB. Falling Wedge (Contracting or Symmetrical Triangle): When the top resistance is declining and bottom support is raising a contracting or symmetrical triangle is formed. In case of Shiba Inu we are waiting for the breakout of the current pattern. Disclaimer: “The above is an idea only and not any kind of financial advice so please do your own DD (Due Diligence) before any kind of investment”. If you like my TA & ideas!! Want to keep yourself updated with current market action,Please follow my profile for more analysis. Thank You.
FTX:SHIBUSD
by Tron029
1