Shibarmy
shib trend analysistoday shiba as been using the vwap as resistance, i see a bearish pattern but its nothing to worry just giving you a heads up to be patient on your entry wait for price to rise above vwap and use it has support.. big possibility it will go down to my green support box which will be a good entry for a long position....
if you look at my 2 angled boxes you can see the same rising wedge pattern building as a couple days ago therefore looking bearish.
just dont enter to early.
wait for price to boune off my support box for entry!
have a goodnight everyone
$SHIB.X PT .000198 next Super Duper Supernova!Shiba Inu Coin Price & Market Data
Shiba Inu price today is $0.00007209 with a 24-hour trading volume of $8,514,406,982. SHIB price is up 11.9% in the last 24 hours. It has a circulating supply of 550 Trillion SHIB coins and a total supply of 1 Quadrillion. If you are looking to buy or sell Shiba Inu, Binance is currently the most active exchange.
What is Shiba Inu token?
Shiba Inu (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 150,000 times increase within 8 months.
As a result of that, Vitalik proceeded to donate 10% of his SHIB holdings to a COVID-19 relief effort in India and the remaining 40% is burnt forever. That donation was worth about $1 billion at that time, which makes it one of the largest donation ever in the world.
What is the Shiba Inu community working on right now?
The Shiba Inu team launched a decentralized exchange called Shibaswap with 2 new tokens, LEASH and BONE. LEASH is a scarce supply token that is used to offer incentives on Shibaswap. BONE is the governance token for holders to vote on proposals on Doggy DAO.
Shiba Inu coin in 2021
Right now in 2021, Shiba Inu coin has captured mainstream attention as a meme coin. On Oct 28th, 2021, the cryptocurrency reached an all-time-high price of $0.000084. That was a +150,000,000% increase from when it was launched in August 2020.
Looking at the overall chart, Shiba Inu grew at a faster rate and have overtaken Dogecoin in terms of market cap. Both are running the narrative as the dominant global meme coin and a very volatile as there are no utility other than speculation and for transaction purposes.
The rapid rise of Shiba Inu coin price have gotten a lot of crypto analysts and experts concern about an incoming massive correction.
shib is reversing to the upside good entry level where it bounced off my litle support box and i see a uptrend starting,
there will be a resistance zone where i put my red resistance box so good place to take some profit and look for possible re-entries
SHIBA INU PredictionsG'day, Guys. How are you guys weekend?
Today we going to analyse SHIBA INU (Top 3 search in Google)
Generally, SHIBA INU is currently at a tight consolidations process. We see a strong support level at a 0.000062 price tag. This strong indication of investors waiting for an upside to break out.
Based on FIB retracement current support located at 50% FIB, it shows market structure correction completed. We might see a breakout very soon.
Let's see what gonna happen next. "Dance with the Markets"
Cheers
Shib: Descending Triangle, 4HRThis marks a crucial moment for the near future with Shib. If we are able to push past the 68-70 zone, we should be able to make a break out of this triangle. However, if we drop below the very strong 60 support area that we have had, I suspect price could potentially go all the way down to the 40 zone.
SHIBA INU ROCKET (HODL) 1Day Ether Reaches Record High of Over $4.4K as Shiba Inu Becomes a Leading ETH Burner
Coin burning refers to the process of removing tokens from circulation and is the crypto market’s equivalent of a stock buyback.
The Dogecoin competitor Shiba Inu (SHIB) soared to a new all-time high Wednesday morning, capping the 680% gain over the past month.
The meme token, trading at $0.0000569 as of press time, got a boost from growing clamor for Robinhood to list it on its platform.
SHIB is now the 11th largest cryptocurrency with a market capitalization of $22.58 billion
DONT MISS OUT
In the long run, however, I’ll contend that Coinbase influence won’t be the primary catalyst for higher SHIB prices.
Rather, it will be the Shiba Inu token’s value as a hedge against the dollar’s inevitable decline in value.
Remember, the annualized US dollar inflation rate has been 5% or greater for four consecutive months.
While the government continues to print up dollars, Shiba Inu’s developers are taking swift action to prevent the cryptocurrency’s devaluation.
Not long ago, the project’s developers announced what’s known as a coin burn.
This means that a coin holder transfers a portion of his or her assets to a wallet which nobody can access.
In effect, this destroys those coins and thereby reduces the cryptocurrency’s total supply.
SHIB started with a supply of 1 quadrillion, but the Shiba Inu team gave 50% of it to Buterin , who burned most of that in a “dead wallet.”
Recently, the token’s developers tweeted that they “have implemented a burn procedure to reduce” the supply.
Moreover, they revealed a $25,000 SHIB burn that has already taken place.
SHIB ALGO and Channel tradeI have been nursing this for 24 hours now. The trade is set up by algorithms and generally lower than normal volume. As you can see here on the 15 minute chart.
When it hits the top of the channel wait for verification that it isn't going through the channel. Set an alert for resistances. Including channel lines.
As it weaves through the channel after verification that it wont break the channel, buy the dip and ride it right back to the top.
works for me, I have managed to accumulate 30 % more SHIB at the bottom. In it for about 4 hours then sell wait for about 4 hours then buy.
I see the bottom at around .00005450 looking at the daily chart and you're typical pull back on a bullish run.
Overall this is still in a bull pennant.
Good Luck!