Shibatoken
MY MINIMALIST ANALYSIS FOR SHIBA INU$SHIB
ADJUSTED TARGET AREA OF VALUE ON THE CHART
11.06.21
0925H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
ALERT:
LOOKING FOR THE NEXT BEST ENTRY
The Market has amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION.
IT WAS A GOOD EXIT (shaved off the bulk of the SWING TRADE) and We are now looking at an ENTRY that we can TOP-UP for our Investment.
Congratulating all those who have climbed the SWING together with me.
The BULL SEASON for CRYPTOS is dictated by the BULLISH STRENGTH OF Primarily BITCOIN and then ETHEREUM. We still have more room for the UPSIDE.
Happy Trading!
REMINDER:
INDICATED ARE ENTRIES, PARTIAL EXITS/TOP-UPS, EXITS, and MAXIMIZED AREAS OF VALUE
"FOLLOW THE WHITE RABBIT!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you.
HOW TO USE THIS MINIMALIST CHART
Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.)
It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it.
You can CLICK AND hold THE CHART and PAN or DRAG IT.
TARGET ZONE IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR pivot points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS,
and, if you wish to hold longer for a MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market (CRYPTOS ONLY).
Watch out for your Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to Share.
Vive Le Autist!
SHIB short positionYou may say what you want about these memecoins, but from a trading side of this they are amazing; high liquidity, big moves, etc.
However, please don't buy this as an investment...
SHIB fighting with:
- Support zone
- 0.5 FIB level
- 200 EMA
- Touched the 0.382 FIB
Stop loss just above the .382 and target just above the most recent low.
Risky play
SHIBA high level defenseSHIBA has a difficult time, the noise is fading and we are entering a stage of quiet development, the next few days will be decisive in terms of defending the price level
$SHIB.X re-entry PTs .000027-.00002960-.00003528Shiba Inu Coin Price & Market Data
Shiba Inu price today is $0.00005044 with a 24-hour trading volume of $4,173,786,625. SHIB price is down -8.6% 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.
Shiba INU Last Round? Nov 10On Sunday, Nov. 7, a block registered on Etherscan shows a single transaction for 20,000,000,000,000 Shiba INU tokens for more that $1.13 billion U.S. The purchase originated at crypto.com
Wait for the triangle to break from above if you want to buy.
There aren't much information about SHIBUSDT
END OF THE HYPE (SHIBA INU) SHIBA INU 1/4 hours Supply/Demand & Wyckoff Pattern Formation Analysis
- Spring had formed
- Wait for LPSY (confirmation to enter long)
- Exit when it reaches 1 Hour Supply (UT/UTAD)
- Short Shiba when it reaches 1 Hour Supply (UT/UTAD) at the same time, or conservatively, wait for LPSY (test of UTAD)
- Take Profit at 1 Hour Demand
- Wait for LPSY (CONFIRMATION to enter long)
- Take Profit at 4 Hour Supply
- It's better to sell all holding shib coin at last sell price ( 4 Hour Supply)
- Short after UT/UTAD formed at 4 Hour Supply or wait for LPSY (test of UT/UTAD)
- Take Profit after Huge Mitigation (might be at 0.28175, according to fixed range volume profile analysis)
SHIBA INU :UPDATE | BULLISH TRIANGLE | PRICE WILL GROW ⚡️Welcome back Traders, Investors, and Community!
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Have a Good Day Trading !
SHIBUSDT SHORT ✅What we see on SHIB is clear, you see chart was bullish for a period but now is time to recover with bearish position.
JUST BE CAREFUL GUYS, Just take some of your profits then lets it play, you can buy on areas we determined
all areas are determined perfectly nothing to explain guys...
Im looking to buy around 0.000030-35USDT
Any question comment me bellow,
GOOD-LUCK
@FxShzd
SHIBUSDT: Elliot Wave of Shib possible this ways.After forming a double zigzag and being in the third big wave, it can not hit more than these two waves and it is possible to return from the Fibonacci range of 0.618 or 1, which is the bottom of the channel and is also approved in terms of price action.