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Shibausdt

SHIB/USDT: The Cup & Handle Setup That Could Spark a RallyShiba Inu (SHIB) is showing a textbook Cup and Handle Pattern on the daily chart, a bullish continuation structure signaling the potential for a significant breakout. Currently trading around $0.00002216, SHIB seems poised for a dramatic move higher as it approaches the handle's resistance. Key Pattern Insights: Cup Formation: The rounded base indicates a prolonged accumulation phase, signaling a shift from a bearish sentiment to a neutral or bullish outlook. SHIB retraced steadily, forming higher lows and maintaining strong support around the $0.00001700-$0.00001900 range. Handle Development: The price is consolidating in a descending channel, forming the classic "handle" portion of the pattern. This consolidation is a healthy retracement, allowing bulls to recharge before attempting a breakout. Breakout Target: Upon breaking the neckline resistance at $0.00002500, the Cup and Handle's projection targets $0.00004400, nearly doubling the current price. The measured move aligns with the height of the cup added to the breakout point. Support and Resistance Levels: Immediate Support: $0.00002100 remains critical for the handle's continuation. A failure to hold this level could delay the breakout but does not invalidate the bullish structure. Key Resistance: $0.00002500 acts as the neckline. A confirmed daily close above this level will ignite the next leg higher. Momentum and Volume: The volume profile confirms increasing interest during the cup's formation, with a slight tapering during the handle—a pattern characteristic of strong setups. Momentum indicators suggest room for growth, further supporting the bullish outlook. Potential Scenarios: Bullish Breakout: A decisive breakout above $0.00002500 opens the door for SHIB to rally toward $0.00004400, completing the Cup and Handle formation. Pullback and Retest: A brief retest of the $0.00002100 support zone before resuming upward momentum would create an ideal entry opportunity for bulls.
Long
by melikatrader94
2
Fresh Demand Zone IdentifiedDespite potential year-end challenges in the crypto market, it’s crucial to plan for buying scenarios to navigate adverse conditions. For SHIBUSDT, the fresh demand zone highlighted on the chart represents the strongest remaining support level, where buyers are likely to step in. This zone offers a strategic entry point for long positions. Monitor closely for price reactions and confirm trades with lower time frame signals. Always manage risk effectively in uncertain market conditions. I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. My Previous Analysis 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One 💼 STMXUSDT: 2 Buying Areas 🐢 TURBOUSDT: Buy Zones and Buyer Presence
BINANCE:1000SHIBUSDT.PLong
by XU99
SHIB | ALTSEASON | Another PUMP for ShibaInu?The reason why I argue that SHIB (and many other alts) are still due for increases , is largely because of two reasons : ETH, and the BTC.D chart. On the topic of ETH new ATH, more info on that reasoning here: I've been watching (for months) the interplay between the Bitcoin dominance chart, Bitcoin, and the Total3 chart. There's an interesting hidden pattern that exists here if you overlap them together, giving key insights on the timing of the Bitcoin ATH, and Altseason. More info on that here: _____________________ BINANCE:SHIBUSDT BINANCE:ETHUSDT
Long
by CryptoCheck-
1
#SHIB/USDT#SHIB The price is moving in a bearish channel on a 4-hour frame and is adhering to it to a large extent The price rebounded well from the green support area at the support level 0.000022000, which is a strong level. We have a trend to hold above the Moving Average 100, which is strong support for the rise We have very strong oversold resistance on the RSI indicator to support the rise, with a downtrend about to break higher Entry price is 0.00002350 The first goal is 00.00002570 The second goal is 0.00002700 The third goal is 0.00002900
Long
by CryptoAnalystSignal
1
SasanSeifi| Will the Uptrend Continue? Key Levels to Watch! 👇previous analyses Hey there, ✌ Based on previous analyses, the price encountered significant demand around the 0.000013 range. With a strong momentum breakout through the supply zone and surpassing the 200-period moving average, the price successfully reached the second scenario target of 0.000020, showing an impressive growth of approximately 50%. However, without confirming a stable position above the 0.000020 level, the price retraced as outlined in the projected scenario. It was noted that the price reacted to the EMA, highlighting the 0.000015 level as a crucial support zone. If this support holds and confirmation is achieved in lower timeframes, the price could once again rise towards the 0.000020 range and even higher targets. As observed, the price was met with renewed demand after maintaining the specified support zone and surged toward the 0.000023 – 0.000025 target range and the 0.000030 level, achieving an additional 83% growth. 👇NEW analyses Currently, after this rally from the 0.000030 level, a negative reaction has caused a pullback toward the 0.000022 area. The outlook leans bullish. The scenario to consider is that, with the 0.000021 level holding and confirmations in lower timeframes, the completion of the pullback could lead the price to a long-term target at 0.000032 and a liquidity zone around 0.000038. Maintaining the critical levels of 0.000021 – 0.000020 is essential. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Long
by SasanSeifi
2
DOGE vs SHIB | UPSIDE POTENTIAL | Which is Better for ALTSEASON?DOGE and SHIB have one thing in common : both are meme coins - and that is probably the only thing. They each take turns to pump and dump, based on their position in the Total Cryptocurrency by Market Cap Rank. One of these, stands to gain much more than the other due to a few reasons as pointed out in the analysis. Which one are you rooting for this altseason? Speaking of altseason; don't miss yesterday's important update on BTC, Bitcoin Dominance, TOTAL3 and altseason: _________________________ BINANCE:DOGEUSDT BINANCE:SHIBUSDT
Long
by CryptoCheck-
3
SHIB USDT updateThe analysis is in daily time form, so it takes a little time. Based on the base that was formed below, I sent my analysis, which fortunately was flawless I checked it more closely today, not much has changed, but I sorted it out and with more precise targets Friends, there is no doubt that Shiba is bullish, but it is necessary for this trend to close above 30 candles with a strong body and turn this range from 27 to 29.5 into a strong support. So, in my opinion, it is still too early to say that his promotion is certain Wait for it to come above this range, close the candle and then safe entry for those who are still waiting for the opportunity to buy. Shiba's support: 0.00002628 0.00002450 0.00002313 Shiba resistors: 0.00002958 0.00003300 0.00003915 Shiba targets: near: 0.00004699 0.00006942 Round: 0.000105 0.0001412 0.0001644
Long
by delshad1522
Analyzing the Impacts of Shiba Inu's Ambitious US Hub Plan Shiba Inu's Bold Vision for a US Blockchain Hub Shiba Inu, the popular meme coin, has recently made headlines with its ambitious plan to establish a strategic blockchain innovation hub in the United States. This bold move, proposed by lead developer Shytoshi Kusama, has sent ripples through the crypto community, leading to a significant 23% surge in the price of SHIB. A Silicon Valley for Crypto Kusama's vision is to create a "Silicon Valley for crypto" within the US, fostering innovation, job creation, and economic growth. The proposed hub aims to attract top talent, startups, and investors to the United States, solidifying its position as a global leader in blockchain technology. The proposed hub, dubbed S.H.I.B., is estimated to cost several billion dollars over a 5-10 year period. However, Kusama believes the long-term benefits far outweigh the initial investment. The hub is expected to generate significant economic activity, create thousands of jobs, and attract numerous blockchain projects to the United States. Key Components of the S.H.I.B. Plan • Infrastructure Development: The hub will invest in state-of-the-art infrastructure, including high-speed internet, data centers, and research facilities. • Economic Incentives: The plan includes tax breaks, grants, and other incentives to attract businesses and talent to the hub. • Talent Development: The hub will focus on education and training programs to develop a skilled workforce in blockchain technology. • Regulatory Framework: The hub will work closely with regulators to create a clear and supportive regulatory environment for blockchain businesses. • Sustainable Practices: The hub will prioritize sustainability, incorporating green energy solutions and eco-friendly practices. The Impact on SHIB The announcement of the S.H.I.B. plan has had a significant impact on the price of SHIB. The cryptocurrency has experienced a 23% surge in value, reflecting investor enthusiasm for the project. This surge highlights the potential of the Shiba Inu ecosystem and its ability to drive innovation and growth in the blockchain industry. The Broader Implications Shiba Inu's ambitious plan is not only significant for the cryptocurrency but also for the United States as a whole. By attracting top talent and fostering innovation, the hub could help the US maintain its competitive edge in the global technology race. Moreover, the S.H.I.B. initiative could have a positive impact on the broader cryptocurrency industry. By creating a supportive ecosystem for blockchain businesses, the hub could accelerate the development of new technologies and applications. Conclusion Shiba Inu's proposal for a strategic blockchain innovation hub in the United States is a bold and ambitious endeavor. If successful, the hub could transform the US into a global leader in blockchain technology, creating significant economic and social benefits. The 23% surge in SHIB price reflects the market's optimism for the project and its potential to drive future growth.
by bryandowningqln
Is SHIB (Shiba Inu) the Next Big Player in the 2024 Bull Market? Shiba Inu (SHIB), the popular meme coin, has been making significant strides in the cryptocurrency market. While it may not be as widely recognized as Bitcoin or Ethereum, SHIB has garnered a dedicated following and has shown remarkable resilience. As the 2024 bull market unfolds, several signs suggest that SHIB could emerge as a dominant force, potentially triggering a 90% price surge. 1. Strong Community and Social Media Presence: One of the most significant factors driving SHIB's potential is its passionate and active community. The SHIB Army, as they are known, has been instrumental in promoting the coin and generating significant buzz on social media platforms. This strong community support has helped SHIB maintain its relevance and attract new investors. 2. Technical Analysis and Chart Fractals: Technical analysis provides valuable insights into potential price movements. Chart fractals, which are recurring patterns in price charts, can be used to identify potential future price trends. Recent analysis of SHIB's chart suggests that the coin may be forming a bullish pattern, similar to historical patterns that preceded significant price surges. 3. Layer-2 Solutions and Ecosystem Expansion: Shiba Inu has been actively exploring Layer-2 solutions to enhance its scalability and transaction speed. By leveraging these technologies, SHIB can address the limitations of its underlying blockchain and attract a wider range of users and developers. Additionally, the expansion of the Shiba Inu ecosystem, including the development of new projects and partnerships, can further fuel its growth. Potential Challenges and Risks: While the future of SHIB appears promising, it is essential to acknowledge potential challenges and risks: • Market Volatility: The cryptocurrency market is inherently volatile, and sudden price swings can occur without warning. Investors should be prepared for potential price fluctuations. • Regulatory Uncertainty: The regulatory landscape for cryptocurrencies remains uncertain, and any unfavorable regulatory developments could negatively impact the price of SHIB. • Competition: The meme coin market is highly competitive, and the emergence of new and innovative projects could divert investor attention away from SHIB. Conclusion: Shiba Inu's strong community, promising technical analysis, and ongoing development efforts position it as a potential breakout candidate in the 2024 bull market. However, investors should approach SHIB with caution and conduct thorough research before making any investment decisions. By understanding the risks and rewards, investors can make informed choices and maximize their potential returns. Disclaimer: This article is for informational purposes only and should not be construed as financial advice. It is important to conduct thorough research and consult with a financial advisor before making any investment decisions.
Long
by bryandowningqln
Is Shiba Inu Poised for a Bull Run Amidst Meme Coin Craze?Is Shiba Inu Poised for a Bull Run Amidst Meme Coin Craze? Shiba Inu (SHIB), the popular meme coin, maintained its steady price trajectory on Wednesday as the broader cryptocurrency market experienced a rebound. While most meme coins, including Dogecoin (DOGE), bounced back from recent declines, SHIB held its ground, hinting at a potential bullish trend. Golden Cross on the Horizon One of the most intriguing developments for SHIB investors is the looming golden cross pattern. This technical analysis indicator occurs when a short-term moving average (MA) crosses above a long-term MA, signaling a potential bullish trend reversal. In the case of SHIB, the 50-day MA is approaching a crossover with the 200-day MA, which could ignite a significant price surge. Why SHIB Might Soar Higher Several factors could contribute to a potential rally in SHIB's price: 1. Increased Burn Rate: A recent surge in the SHIB burn rate, which involves permanently removing tokens from circulation, has boosted investor sentiment. As the supply of SHIB decreases, its potential value could increase. 2. Community-Driven Initiatives: The strong and active Shiba Inu community continues to drive innovation and support the project. Community-led initiatives, such as SHIB: The Metaverse, can attract new investors and fuel price growth. 3. Market-Wide Bullish Sentiment: A broader cryptocurrency market rally, fueled by positive news and regulatory developments, could benefit SHIB and other meme coins. 4. Analyst Predictions and Potential Upside Cryptocurrency analysts are increasingly bullish on SHIB's future. Some experts predict a 10-fold surge to its yearly peak, while others anticipate a massive bullish wave following recent price gains. These optimistic forecasts highlight the potential upside for SHIB investors. Cautious Optimism While the technical indicators and analyst predictions are promising, it's essential to approach investing in SHIB with caution. The cryptocurrency market is highly volatile, and meme coins are particularly susceptible to sudden price swings. Investors should conduct thorough research and consider their risk tolerance before making any investment decisions. Conclusion Shiba Inu's steady price action amidst a broader market recovery and the impending golden cross pattern suggest a potential bullish future. Increased burn rates, community-driven initiatives, and a positive market sentiment could further propel SHIB's price. However, investors should exercise prudence and diversify their portfolios to mitigate risks.
by bryandowningqln
1
SHIBA - Bearish Signal | Weekly TimeframeShiba Inu has formed a bearish double top candle stick pattern in the weekly timeframe. This will likely lead to a drop, especially considering that a key diagonal support has been lost - marking the first invalidation of higher highs, in other words short term BEARISH: We've seen something similar previously, leading to a near -60%drop. Although I really doubt we'll see that kind of pullback (considering it was in the heart of the bearish cycle) I do think a -10% to -15% is possible: _______________________ BINANCE:SHIBUSDT
Short
by CryptoCheck-
1