Shibausdt
SHIB has exhausted energy on an interval of 1 dayHello everyone, let's take a look at the SHIB to USDT chart on a 1 day time frame.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 0.00001351, if the support is broken, the next support is $ 0.00001163 and $ 0.00000847.
Now let's move from the resistance line, as you can see the first resistance is $ 0.00001585, if you manage to break it, the next resistance will be $ 0.00001850 and $ 0.00002068 and $ 0.00002287.
As you can see, the price is based on the first support, while the CHOP indicator shows that the energy was consumed on the 1-day interval.
Shiba is Long... Expect BounceI got dumped to hell last month. No regrets people claimed that we would follow a BTC dump to below 28k. I have been saying for a while BTC has shown great strength in the 40s. We will see a strong retest int he 40k to 47k range. I believe BTC will breakout past 50k this month. Shiba did an incredible short this month.... I can say that's the gamble of good trading. However, SHIBA is not one to show in the 0.000020 range. We will bounce soon. It is a greater gamble to short this range on Shiba than long it. I wasn't expecting a month of major down turn as many other stocks like AVAX and LUNA had major bounce. I expect us to hit a super ninja trend contrarian style.
As I always say this is a spot trade, so trade your style and watch for updates. I ride the pain, not usually for a month but we had some great support levels that dipped off. This month expect retest. It is an ugly market . I have never been liquidated and this is the closest I have ever came. Good ol' SHIB. Not worried. I like the volatility. Be patient. I will be updating. Happy trading.
(I believe people over complicate trading in this type of market. I will be getting to technicals when the market corrects. Expecting BTC to get to the 42k range soon and traders to claim it's an outrage.) Lucky for us SHIB can pack a punch. LONG LONG LONG- been LONG just a scamming ass market with scamming ass Feds.
Shibusd 1D Strong buyback after yesterday's fallFrom the beginning of 2022 the price of SHIBUSDT moves a smooth down channel with a price range of 100%
Usually the price moves in the upper part of the channel, but when the SHIBUSD price breaks below middle of chanel to the lower part, the fall is -40-50% in 1-2 days. It happened yesterday.
However, today the buyers of Shibainu showed great interest in the coin, and today's day candle of growth almost equal in size to yesterday's fall. Shib buyers showed one of the best results of buyout after yesterday's fall, which gives a good reason to follow this asset and bribe it in the long run.
Ideally, we would not want the price of SHIBUSDT to fall below $0.000015, there would be an ideal point to enter the long.
Well, the first target from above, in our opinion, is in the area of $0.000027
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Why are you so confident in a long position SHIB?We have seen a lot of posts about a good SHIB long, and we want to suggest that you consider an alternative scenario
There is such a logical chain: Elon Musk pampil on Twitter DOGE, DOGE is a meme token, SHIB is also a meme token, Musk bought Twitter and DOGE increased in price, which means SHIB will also increase in price, perhaps in the short term, yes, and the SHIB team is developing a project that can in long-term to ensure the growth of the value of the coin.
However, we suggest you consider this option:
1D we see an impulsive growth and the start of a correction, given that this is a three-wave correction, then most likely the triangle that is drawn can act as wave b, therefore, we can expect a trip for the stops of people who were campaigned in favor of buying, buying off by strong players, after which we can say that the correction is over , are you ready to sit out -40% in case of going down?
If you want to buy or submit inside the rectangle, then we advise you to wait for a beating before entering a trade
SHIB - Trade Setup ✅Let's see how SHIB is behaving.
This is a 1H chart. (Short Term)
Here is your trade setup:
Open your short positions once the price drops under the green support area.
And open your long positions once the price passes the orange resistance level.
Wait for confirmation before opening positions.
The RSI shows that ETH is below the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $0.00002073
Let me know your ideas.
Good luck.
SHIB support level to defendSHIB Shiba Inu is at the key support level of $0.00001800 from which it bounced this year, in January.
If it breaks bellow $0.00001700, then it can go back to $0.00001200.
i think we can see a reversal from this area to the $0.00002950 resistance.
Looking forward to read your opinion about it.
SHIB Analysis - still correcting since bullish 932% signal.SHIB going sideways for months now between 2106 and 2725.
SHIB corrected 8.27% after the latest Supertrend Ninja - Clean signal on the 19th Jan (red vertical line on the background). But in general SHIB has been in a correcting downwards trend for 6 months now. Since the bullish (green vertical line) of the Supertrend Ninja - Clean on 1 Oct 2021. Which made a whopping +932%. In less than 8 months the Supertrend Ninja gave 4 bearish signals, whereafter a correction followed.
Let's have a look at the other indicators. The Stoch RSI is in oversold levels, but it hasn't crossed up to the blue area yet. Also the price is below the Ichimoku cloud , which is bearish. The Constance Brown is in oversold area as well. The RSI is range bound (40-60).
Bouncing up here 2725 USDT is the next target. Dropping here 2106 USDT is the next target. 1694 USDT thereafter. The Supertrend Ninja - Clean hasn't given a bullish signal for the time being (green vertical line on the background). If SHIB does bounce up here, it would be making a higher low. Supports and Resistances are highlighted as grey blocks.
Thank you for reading.
Namasté 🙏
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
What Indicators Do I Use:
In the chart I am using the "Supertrend Ninja - Clean", which is a trend-following indicator (Green and red vertical lines on the background). When the background of the candlestick closes green (vertical line). It indicates a possible bullish (up)trend. And red for downtrends.
SHIBUSDT A very risky set yet very rewarding -longThis meme coin might be on its ending diagonal of the corrective wave 2 and that when validated may further resume its impulsive wave 3.
Risk plays a really major role here and exercise due risk management and with proper allocation.
#elliotwaveforecast
@marketpainterPH
SHIBA LongHey traders, in today's trading session we are monitoring SHIBA for a buying opportunity around 0.22 zone, once we will receive any bullish confirmation the trade will be executed.
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