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SHIB/USD - Shiba Inu Gears Up For A Major Announcement | LONG 🔔Shibas in the Metaverse? In what seems to be a never-ending tease, the Shiba Inu (CRYPTO: SHIB) has announced a major event slated for March 30. The beloved meme cryptocurrency that takes its moniker from the cuddly dog of the same name, has kept followers on their toes with repeated hints and teasers, but has yet to reveal what the big news is. While it’s hard to know what could be in store, speculation is rife online. In fact, the anticipation of what the announcement could be about has kept Shiba Inu’s price climbing. The meme coin that trades for just fractions of a penny has gained more than 25% over the past week and more than 32% since March 15. At last check, SHIB was trading down 5.6% at $0.000027. The coin hit an intraday high of $0.000029, according to data by Coinmarketcap. Important SHIB developments Recent days have witnessed some important developments on the global adoption of the popular crypto mascot. Shiba Inu is now available on Netcoins, a Vancouver-based online cryptocurrency brokerage. Netcoins allows Canadians to buy, sell and hodl different types of cryptocurrencies. They are also the first publicly-owned crypto trading platform in Canada that is fully regulated. Now you can own one of these adorable Shiba Inu pups yourself by trading on Netcoins. Netcoins by the way is also working on its U.S. expansion plans. Along the same lines, crypto enthusiast fashion designer John Richmond announced on March 16 plans to introduce SHIB and LEASH burns for its online shop. The adoption between a decentralized cryptocurrency and a global fashion brand is being seen as an important and innovative step in the fashion world. John Richmond however, is not the only brand adopting SHIB. NowPayments, a cryptocurrency payment gateway, has also introduced Shiba Inu as payment at Italian burger chain Welly’s and pizzeria Sorbillo. Another recent development is that of Etherscan data, a website tracking transfers made by Ether (ETH) hodlers, showing a “whale” – large market players in the crypto markets – buying last week more than 200 billion Shiba Inu tokens for nearly $5 million. Also, IntoTheBlock data shows Shiba Inu whales’ activity jumping 349% in the last 24 hours. Large transaction spikes are usually caused by institutional investors. These transactions involve more than $100k per transfer. Meanwhile, Crypto Planet (CP) speculates that based on several social media posts, the March 30 announcement could be a Medium post about the Shiba Inu metaverse – an innovative virtual reality platform that allows users to interact with each other in a completely immersive environment – focused on the map and Lands sale. In fact, Shiba Inu’s Twittter account stated: “ShibArmy, the world is full of things more powerful than us. But if you know how to catch a ride, you can go places.” CP also notes that they have also seen some speculation that “the Land sale could happen with a listing on OpenSea,” the most popular place to buy Non-Fungible Tokens (NFTs). Whatever the announcement turns out to be, one thing’s for sure – the Shiba Inu will have everyone talking!
COINBASE:SHIBUSDLong
by FOREXN1
3
SHIBAINU/USDT - CUP & HANDLE Possible bullish continuation pattern. Could this be the reason why more whales are accumulating - i have no idea, but its something. Here is the play, the TP which i will reveal later, for now is about forming this pattern and tracking holders and keeping an eye on key s/r levels. once we see clear direction then DCA would be the best at this stage. IMO it is best to DCA on pullbacks in a uptrend and not DCA in a bear market - as in a bear market you never know if the coin will ever recover. Trade safe all.
Long
by BullnBear_Markets
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
Could We Be Breaking $3,500 soon?Weekly Time-frame We are looking at Ethereum right now and it’s forming a symmetrical triangle which is neutral breakout. Awesome Oscillator (AO) is bearish also. We are below in our symmetrical triangle pattern which is Bearish. 1D Time-frame Bouncing Area @$2,500 needs to hold or else it will drop harder. AO in daily time-frame is already Bullish. It printed green volume which means we are already in the bottom. Resistance Area is in $3,000. 4H Time-frame Bouncing area @$2,537 it is forming an Ascending Triangle which is a Bullish Breakout price target @$2,700. We need to break the $2,600 to continue to the upside. We are already at the bottom so it is the best place for a long position, knowing we are in #21 in greed and fear index which is Bullish. We will discuss more on the possibility on our Live. Stay tune and check with us! Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news Trade Scholar, the best cryptocurrency educational community online! Find the content above difficult to understand? Feeling lost about how to trade? Want to learn how to do your Own Price Prediction? We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together! Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
BINANCE:ETHUSD.PLong
by Trade_Scholar