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"Shiba Inu: Potential Major Buy Alert!"Shiba Inu Crypto: Testing Major Resistance Amid Falling Wedge Formation In the ever-evolving landscape of cryptocurrency, Shiba Inu has emerged as a notable player, captivating the attention of investors and enthusiasts alike. As the digital currency market witnesses fluctuations and trends, Shiba Inu finds itself at a crucial juncture, testing major resistance levels within the confines of a falling wedge formation. The falling wedge pattern, characterized by converging trendlines sloping downwards, often indicates a potential bullish reversal. Shiba Inu's current price action is emblematic of this pattern, as it navigates the intricate interplay between support and resistance. Chart analysis reveals two significant lines of resistance. The black line, representing the falling wedge resistance, serves as an average barrier, marking the upper boundary of the wedge formation. Meanwhile, the red falling wedge resistance depicts the maximum heights of past corrections' structural highs, offering a more stringent level to breach. Observing the market dynamics, now presents an opportune moment to monitor Shiba Inu closely. The cryptocurrency is on the cusp of a pivotal breakout, with the potential to initiate a bullish cycle. Should Shiba Inu succeed in surmounting the red wedge resistance, it would signal a compelling indication of a bullish resurgence. Breaking above this critical threshold could catalyze a wave of investor confidence and propel the market upwards. However, while the signs are promising, caution remains prudent. Cryptocurrency markets are notorious for their volatility, and Shiba Inu's journey towards a breakout is not without its risks. Traders and investors must exercise diligence and consider the broader market context before making significant decisions. Factors such as market sentiment, regulatory developments, and macroeconomic trends can all influence Shiba Inu's trajectory. As such, a comprehensive approach to analysis, incorporating both technical and fundamental factors, is essential for informed decision-making. Furthermore, it's essential to recognize that technical patterns serve as guides rather than guarantees. While the falling wedge formation suggests a potential bullish reversal, market dynamics can unfold unpredictably. Therefore, traders should remain adaptive and responsive to evolving price action. In conclusion, Shiba Inu's current positioning within a falling wedge formation, testing major resistance levels, signifies a critical juncture for the cryptocurrency. The convergence of technical factors, coupled with the broader market context, suggests that a breakout may be imminent. As investors await confirmation of a bullish surge, vigilance and prudence are paramount. By staying attuned to market developments and exercising careful analysis, traders can position themselves strategically to capitalize on potential opportunities while mitigating risks.
COINBASE:SHIBUSD
by UnknownUnicorn2319099
"Shiba Inu Crypto: Patience Amid Market Turbulence"Shiba Inu Crypto: Navigating the Current Market Landscape In the ever-evolving world of cryptocurrency, few tokens have captured the attention and imagination of investors quite like Shiba Inu. Launched as an experiment in decentralized community building, Shiba Inu quickly gained popularity, becoming one of the most talked-about cryptocurrencies in recent memory. However, as with any investment, navigating the turbulent waters of the market requires a keen understanding of both short-term fluctuations and long-term trends. Recent developments in the Shiba Inu market have highlighted the importance of patience and a focus on larger trends. Over the past two months, we have witnessed a breakdown in the upward support that propelled Shiba Inu to new heights earlier in the year. This downward trend has led to lows in sight, with the token currently experiencing choppy trading within a falling wedge pattern on the weekly timeframe. For investors seeking to establish a long-term position in Shiba Inu, the current market conditions may present an opportunity to secure a favorable setup. However, it's crucial to approach the situation with patience and a level-headed mindset. Greed can often cloud judgment and lead to impulsive decisions that may ultimately result in losses. Instead of succumbing to the temptation of chasing short-term gains, investors should focus on the bigger picture and let their money work for them over time. By identifying and capitalizing on larger trends within the cryptocurrency market, investors can position themselves for success in the long run. One of the key principles of successful investing is recognizing that markets move in cycles. While short-term fluctuations may be unsettling, they are often part of a broader trend that can present opportunities for those who are patient and disciplined. By maintaining a long-term perspective and avoiding the urge to constantly buy and sell based on short-term price movements, investors can increase their chances of achieving sustainable returns. In the case of Shiba Inu, the current downward trend may be viewed as a necessary correction within the context of a larger bull market. As the cryptocurrency space continues to mature and evolve, it's essential for investors to remain adaptable and open-minded, adjusting their strategies as market conditions dictate. Ultimately, success in cryptocurrency investing requires a combination of research, patience, and discipline. By focusing on the bigger trends and avoiding the pitfalls of greed and impatience, investors can position themselves for long-term success in the dynamic world of cryptocurrency. So, let's stay patient, stay focused, and let our money work for us.
COINBASE:SHIBUSD
by UnknownUnicorn2319099
2
SHIB Shiba Inu Potential Rally Soon!I told you about the 'buy the rumor, sell the news' strategy on SHIB Shiba Inu after the Bitcoin ETF approval in the last article: We reached the price target of $0.00000850 last Friday, and I believe that was the last dip for now! With the stock market at an all-time high, I anticipate crypto assets to follow suit. Elon Musk is likely to implement crypto payments to his new platform, X Payments. So, yes, exciting times ahead! My next price target is $0.00001250.
Long
by TopgOptions
SHIB : Does SHIBA INU Have a Future?🤔📉Hi Traders, Investors and Speculators of Charts📈 Shiba Inu (SHIB) was initially created as a joke, based on the popular Shiba meme. However, unlike prior meme coins such as Dogecoin, SHIB operates as an ERC-20 token on top of the Ethereum blockchain, which means that the Shiba Inu network has access to a range of decentralized applications (dApps). This is one of the reasons that Shiba Inu is often referred to as the “Dogecoin killer.” There is a fixed supply of one quadrillion SHIB tokens but Shiba Inu utilizes a token burn strategy, including manual and automatic burns, to manage token value and stabilize prices. The current circulating supply of Shiba Inu is 589.28T . There is a larger network of cryptocurrency projects built around Shiba Inu, including: 👉 Shibaswap — a decentralised exchange (DEX) 👉 Shibarium — a layer 2 scaling solution for Ethereum 👉 Shiba Eternity — a play-to-earn (P2E) game 👉 Shib.io — the Shiba Inu metaverse 👉 Shiboshis — a non-fungible token (NFT) collection In terms of future prospective, SHIB offers a unique value proposition as a meme-based cryptocurrency that has real dApps built around it. While most meme coins disappear quickly, Shiba Inu has the potential to continue building a community that can stand the test of time. The fact that Shib is still around and has such a large community has to count for something. But let's talk about the biggest problem and obstacle to the price - the supply. In December 2023, Shiba Inu (SHIB) lead developer Shytoshi Kusama has teased that the project might undertake a massive burn soon. According to Kusama, almost $1.2 million worth of SHIB tokens might face incineration. SHIB's burn rate has taken a back seat in 2023, with sporadic, untimely burns occurring randomly. The effect of this is evident on the chart, as the price fails to make new highs under the pressure of infinite amounts of coins/supply/sellers. 💭My personal take is this - Shiba Inu can be traded, and if a big burn occurs it will definitely be bullish for the price... but for how long? For now, the supply is the biggest downside and until the burn-rate is improved, it's a big chance to take based on a "tease". If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck CRYPTOCAP:SHIB BINANCE:SHIBUSDT
CRYPTOCAP:SHIB
by CryptoCheck-
1
SHIB Shiba Inu Price Prediction after the BTC ETF approvalIf you haven`t bought SHIB before that big rally: Then you should know that the price of SHIB Shiba Inu will be affected by the approval of the Bitcoin ETF this week. Some of the biggest asset managers on the entire planet are going to release a BTC ETF: Blackrock $9.3 Trillion Fidelity $4.5 Trillion Franklin Templeton $1.53 trillion Invesco $1.5 Trillion. BlackRock expects Bitcoin ETF approval on Wednesday, in-line with Bloomberg's January 10 deadline. I expect the approval to a buy the rumor, sell the news event. Employing the strategy of "buy the rumor, sell the news," traders strategically capitalize on market movements by entering positions based on speculative information. This approach involves opening positions on rumors and closing them when the anticipated news is officially announced, typically resulting in a profit. A retracement in the price of SHIB Shiba Inu, after the news, probably to $0.00000850, would be a buying opportunity for a year-end rally, in my opinion.
by TopgOptions
SHIB Shiba Inu Price TargetIf you haven`t bought SHIB begore the mega pump here: Then you need to know that Binance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion. The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"! The question arises: from where will these substantial funds be derived? One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%. Among the tokens impacted is SHIB Shiba. I've set a short-term price target for SHIB Shiba at $0.00000700. Looking forward to read your opinion about it!
Short
by TopgOptions
SHIB Sells Off After Big Coinbase Transfer: Time to Take Profit?Introduction: The cryptocurrency market has witnessed significant volatility recently, with various altcoins experiencing substantial gains and sharp declines. SHIB has garnered considerable attention among these altcoins thanks to its impressive surge in value. However, recent events, particularly a significant transfer of SHIB tokens to Coinbase, have raised concerns among traders. This article aims to shed light on the situation and encourage readers to consider taking profit from their SHIB investments if they have not already done so. The Coinbase Transfer and Its Impact: In the second week of Aug, a substantial transfer of SHIB tokens was made to Coinbase, one of the leading cryptocurrency exchanges. This event immediately sparked speculation and concern within the crypto community. Such transfers to major exchanges often precede significant sell-offs as early investors and traders look to capitalize on their gains. Consequently, the SHIB market experienced a noticeable decline shortly after the transfer. The Concerned Tone: As a concerned trader, evaluating the potential risks associated with SHIB at this juncture is crucial. While the cryptocurrency's meteoric rise has undoubtedly been impressive, it is essential to remember that markets are inherently volatile and subject to swift changes. The recent Coinbase transfer is a stark reminder that no investment is immune to sudden market fluctuations. Call-to-Action: Taking Profit from SHIB Considering the recent events surrounding SHIB, it is prudent for traders to assess their positions and consider taking profit if they have not done so already. While it is tempting to hold on to an investment that has shown significant gains, minimizing potential losses and securing profits when appropriate is equally essential. If you have not yet taken profit from your SHIB investment, now might be an opportune time to do so. By converting a portion of your holdings into a more stable asset or diversifying your portfolio, you can mitigate potential risks and protect your overall investment strategy. Remember, making a profit is personal, and conducting thorough research and consulting with financial advisors before making investment decisions is crucial. The cryptocurrency market is highly unpredictable, and it is always better to be cautious than caught off guard by sudden downturns. Conclusion: The recent sell-off of SHIB following a significant transfer to Coinbase has raised concerns among traders. While the cryptocurrency market continues to offer exciting opportunities, it is essential to remain vigilant and make informed decisions. If you have not yet taken profit from your SHIB investment, consider doing so to safeguard your gains and protect your overall investment strategy. Remember, the crypto market is highly volatile, and making a profit at the right time can be prudent. Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always research and consult a professional financial advisor before making any investment decisions.
Short
by bryandowningqln
1
ITS A TIME TO SELL SHIBA COIN ?? SHIBA COIN PRICE ANALYSIS !!SHIB Coin Update & Possible Moves !! • On 4h tf currently trading Now below From its resistance. • MACD & RSI Look Over bought on 1D Tf + Creat Double top on 4h Tf. ( overall bearish signs ) • Possible price drop directly From Current Level or again touch its resistance and then drop. ( scenerio invalid if its break its resistance & sucessfully retest ) • Sell You bags if You are holding in spot wallet For short term & if you wanna take position in short then don't invest upto 1% with leverage under this choppy markete 😴 FOLLO ME FORE MORE ANALYSIS
by CRYPTOPLAYERS-01
1
Shiba Bullish Momentum Continues as Social Media Talk Spikes! 🚀 Today, I bring you fantastic news regarding our beloved Shiba Inu token (SHIB). The bullish momentum continues to soar, fueled by an unprecedented surge in social media discussions! 🐕📈 Over the past few days, the Shiba Inu community has been buzzing with enthusiasm and positive sentiment. We've witnessed an incredible spike in online conversations surrounding SHIB, reflecting a growing interest and confidence in its potential. It's truly exhilarating to see the power of our community and the impact it can have on our investments. You might wonder, "What's driving this sudden surge in social media talk?" Well, my friends, it results from our collective efforts and unwavering commitment to SHIB. As a proud SHIB holder, each of you has contributed to this incredible momentum. So, let's keep the positive vibes flowing and continue to spread the word about our favorite token! I want to take a moment to express my heartfelt gratitude to all of you for staying strong and holding onto your SHIB. Your unwavering belief in this project has been instrumental in fueling its growth. As we witness this bullish momentum, we must remember the long-term vision we share for SHIB. Together, we are building something remarkable! Now, here comes the exciting part: the call to action! I encourage every one of you to continue holding onto your SHIB tokens. By staying invested, we are positioning ourselves for potentially massive returns in the future. Remember, patience and perseverance are key in the world of crypto. Let's ride this wave of bullish momentum together and see where it takes us! 🌊 Additionally, let's leverage the power of social media to amplify our message further. Share your positive experiences and insights about SHIB across various platforms. Keep an eye on the latest news, updates, and developments surrounding SHIB. Stay informed and educated about market trends. Knowledge is power, and being well-informed will help us make the best investment decisions. Remember, my fellow traders, we are part of an incredible journey with Shiba Inu. Let's continue to hold our SHIB with unwavering confidence and enthusiasm. The future is bright, and together, we will achieve remarkable returns!
Long
by bryandowningqln
2
SHIBA/USDT As you can see in the analysis image, we are slowly approaching the end of a long-term and nerve-wracking 2-year triangle. Considering the positive news of Shiba and the beautiful upward momentum, I expect to see the price exit from the top of the triangle. Price targets are indicated in the image. If we overcome the resistance of the red box, the second price target will be quite easily available. (DYOR) Believe it or not, shibainu has set itself apart from other memes, and the evidence is undeniable. In the meantime, a large number of crypto industry investors and prominent analysts have recently emphasized the purchase or holding of a reasonable amount of this cryptocurrency. (DYOR)
Long
by Third-Eye-Power
Awesome Oscillator for SHIB is Going Positive 🚀Brace yourself for some exciting developments in the world of SHIB! First things first, let's talk about the Awesome Oscillator for SHIB. Drumroll, please... it's going positively! 🎉 This positive momentum indicates a potential shift towards bullishness, and as a crypto enthusiast, you know what that means – opportunities for growth and potential profits! But wait, there's more! SHIB is making waves with its Awesome Oscillator, touching the 50 EMA (Exponential Moving Average) and approaching the 100 EMA. This is a promising sign, as it suggests that SHIB is gaining traction and could be on the verge of a significant upward movement. It would be best if you didn't miss out on this exciting development, so I strongly encourage you to add SHIB to your watchlist immediately. By keeping a close eye on its progress, you'll be ready to seize any potential opportunities that come your way. So, what are you waiting for? Please take a moment to add SHIB to your watchlist and keep a keen eye on its performance. Stay attentive to other favorable indicators, which could indicate an upcoming bullish trend. Remember, the crypto market is all about staying informed and being proactive. By staying ahead of the curve and monitoring the progress of promising cryptocurrencies like SHIB, you position yourself for potential profits and exciting trading opportunities.
Long
by bryandowningqln
Shiba Inu SHIB and the US Debt CeilingNegotiators from Democratic and Republican parties finalized an agreement on Sunday night. Instead of raising the limit to a specific level, they have opted to suspend it entirely until 2025. This strategic move ensures that their bills can be paid until that date, while also guaranteeing that the next battle to raise the ceiling will not coincide with the upcoming presidential election. The resolution of the debt ceiling issue brings optimism and stability to the financial landscape, which has a positive ripple effect on the cryptocurrency market. Bitcoin and the broader crypto market stand to benefit from increased investor confidence, reinforced safe-haven status, enhanced institutional adoption, regulatory clarity, and the overall positive impact on global markets. SHIB/USDT Entry Range: $0.00000800 - 0.00000910 Price Target 1: $0.00000990 Price Target 2: $0.00001100 Price Target 3: $0.00001260 Stop Loss: $0.00000700
Long
by BuySellMarketMaker
Shiba Inu SHIB Price Targets after the FOMC meeting this weekThe upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments. The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak. Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the financial situation is much steadier. Additionally, inflation remains elevated, and with evidence of stubbornness in underlying inflation, it could be in the 4% to 5% range, far above the 2% inflation target. The markets are pricing in a 25bp Fed Funds rate hike to 5.25% at the May FOMC meeting, and given the steadiness in financial markets, persistence in price pressures, and continued decent activity, this could contribute to a further downturn in the crypto market. SHIB/USDT shot Entry Range: $0.00000950 - 0.00001050 Price Target 1: $0.00000900 Price Target 2: $0.00000810 Price Target 3: $0.00000720 Stop Loss: $0.00001250
Short
by BuySellMarketMaker
Shiba Inu SHIB Price Targets after the Ethereum Shanghai upgradeEthereum’s Shanghai upgrade is scheduled to launch on April 12. The upgrade will make more than 18 million ether, worth approximately $34Billion, withdrawable, possibly causing a sudden crypto market supply dump. This is my scenario for Shiba Inu: SHIB/USDT shot Entry Range: $0.00001000 - 0.00001100 Price Target 1: $0.00000950 Price Target 2: $0.00000870 Price Target 3: $0.00000800 Stop Loss: $0.00001250
Short
by BuySellMarketMaker