SHIB AT THE EDGE OF BREAKING THE TRIANGLEBreakout can lead the target at 2600,2800,3500,and at the final resistance to 4550.after that we can see they choppy movement or a retest.
Shibausdt
Shiba Inu SHIB Update: Bulls vs. Bears - Which Will Prevail?There is a balance between bulls and bears in the daily chart of SHIBUSD.
A bullish move and a break-out of $0.00002611 will push price back to $0.00003147.
Above $0.00003147 is the next bullish rally zone rally zone.
A break-out of $0.00002155 will iwill push price lower to $0.00001910 and $0.00001619, the key daily support.
Shiba Inu SHIB: Intraday Trading Frenzy Unleashed!The chart highlights breakout/rejection points, criteria, and targets to execute on the trade opportunity.
Find more in the signature!
1000shib 4h Analysis1000Shib has done CHoCH on 4H time frame and shifted in trend from bearish to bullish. Now as its in bullish trend so we will look for buying oppertunities. I have marked poi for buying oppertunity. Current price is very good but a agressive entry. Second poi is very clean which is also marked on chart.
Shiba Inu SHIB Intraday Trade SetupThe chart highlights breakout/rejection points, criteria, and targets to execute on the trade opportunity.
SHIBUSDT#SHIB CRYPTOCAP:SHIB has formed a very promising chart pattern for us. It has broken the resistance of the wedge formation, confirming the bullish momentum. One of the best indicators, TD Sequential, has given a bullish signal after a long time. Successively, it is expected to reach Fibonacci targets at 0.61, 0.78, and 1 levels. Since #dogecoin has already started its uptrend, #shibcoin is likely to follow suit.
SHIB - DUMP Incoming 📉📉Hi Traders, Investors and Speculators of Charts📈
Shiba was unable to breakout above the recently formed pennant pattern in the weekly timeframe. Usually pennants are bullish but if the pattern fails a huge downside can be expected, indicating weakness and dominant sellers.
The next likely support is only at the moving averages, with both the 50d and 100d roughly at the same place (price tags on the right hand side). If the markets do not turn around in the immediate future, SHIB could drop as much as 40%, since it drops much harder than BTC and ETH during liquidity rotations.
Considering that this is the weekly timeframe, it may take some time for the price to reach the moving averages trendlines.
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BINANCE:SHIBUSDT
SHIBUSD Shiba Inu Unlocking Profit PotentialButterfly Harmonic Pattern Formation:
SHIBUSD is currently displaying a formation of a Butterfly Harmonic Pattern, indicating potential bullish momentum in the near future. This pattern is characterized by distinct Fibonacci levels and specific geometric shapes.
Trendline Confirmation:
The pattern is further validated by the presence of a trendline, adding confluence to the bullish bias. The intersection of the trendline with the Butterfly Harmonic Pattern enhances the significance of the potential reversal.
Key Support and Fibonacci Level:
Point D of the Butterfly Harmonic Pattern coincides with a key support level and the 0.786 Fibonacci retracement level. This convergence strengthens the reliability of the bullish setup, suggesting a favorable entry point for traders.
Trade Setup:
- Entry: Long position initiated at 0.00002230, aligning with the bullish confirmation at Point D and the confluence of support and Fibonacci levels.
- Stop Loss: Placed at 0.00001823 to mitigate potential losses in case of adverse price movements, maintaining risk management principles.
Profit Targets:
- TP-1: Set at 0.00002838 to capture the initial bullish momentum and secure partial profits.
- TP-2: Positioned at 0.00003250 to capitalize on extended upward movement, reflecting a conservative profit-taking approach.
- TP-3: Targeted at 0.00003835, aiming for further upside potential and maximizing returns while adjusting risk exposure accordingly.
Conclusion:
Based on the technical analysis, SHIBUSD presents a promising opportunity for bullish trading, supported by the formation of a Butterfly Harmonic Pattern, trendline confirmation, and confluence of key support and Fibonacci levels. Traders are advised to exercise prudent risk management strategies and adhere to the outlined trade setup for optimal performance.
SHIBAUSD 12HSHIB ~ 12H 📈
#SHIB Successfully penetrated the resistance of this pattern. We will start making purchases gradually from here, with a minimum target of 15%++
Shiba Inu price completed correction and will continue to grow ?We would like to believe that the Shiba inu price has already made an a-b-c correction as part of wave 4.
But it's worth keeping in mind that a drop in the #SHIBUSDT price down to $0.00001350 - 0.000015 will still keep the upside scenario relevant.
But probably most would like to see the price drop no longer fall so much, and for CRYPTOCAP:SHIB buyers to keep the price above $0.000020 and continue to grow with a medium or long-term target of $0.000075
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SHIBA: Important Pattern - UP or DOWN? 👀👇📉Hi Traders, Investors and Speculators of Charts📈
We observe an important pattern on Shiba Inu - the Flag Pattern, also known as the Pennant. From here, ONE KEY THING will give away where the price is going next. Make sure you know what to look for and don't miss it!
Another altcoin to watch closely, is LTC where we recently saw a VERY bullish sign. Find it here:
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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BINANCE:SHIBUSDT
#SHIB/USDT#SHIB
The price is moving in a downtrend on a 12-hour frame, within which the price is moving
We have a major support area at Saad 0.00002450
We have a higher stability moving average of 100
We have a downtrend on the RSI that is about to bounce back
Entry price is 0.00002600
The first goal is 0.00003000
The second goal is 0.00003400
The third goal is 0.00003760
SHIB Shiba Inu Technical Analysis PLUS Risk Management ConceptsIn this video, we analyse a potential trade idea for Shiba Inu. We delve into the trend, examine price action, evaluate market structure, and identify a potential entry point based on favourable conditions outlined in the video. Additionally, I discuss my risk management strategy. Traders who lack a robust risk management plan expose themselves to high risk and often have negative trading experiences. It's crucial to incorporate sound risk management into your strategy, as we emphasize in the video. As always, please note that this information is strictly for educational purposes and should not be construed as financial advice.
SHIBUSDT Shiba- Don't Miss Out! Buy Now for the Next HUGE PUMPInvestor attention is currently fixated on Shiba Inu (SHIB), and for good reason. Analysis reveals a prime opportunity for substantial gains, with an estimated 90% pump expected in the near future. Positioned within a huge area ripe for exponential growth, SHIBUSDT presents an unparalleled opportunity to potentially double your investment. The combination of market dynamics, increasing investor interest, and a surge in trading volume indicates an impending bullish rally. With the potential for such significant gains, now is the time to capitalize on this trading idea. Don't miss out on what could be a lucrative opportunity to maximize your returns with SHIBUSDT.
Cryptolean Shiba Inu SHIB UpdateNot much changed since the last update, since Shiba Inu found a support at $0.00002399-$0.00002509.
It is struggling to break through the resistance of $0.00002769 for the last 5 days though.
A bullish break-out of $0.00002769 will result in a move to re-test $0.00003107.
However, a bearish break-out of $0.00002399-$0.00002509 will push SHIB price lower towards $0.00002171 and $0.00001911.
SHIBAUSD 6HSHIB ~ 6H 📈
CRYPTOCAP:SHIB Make a purchase after successfully breaking this resistance line or buy after Retesting the nearest support. with a minimum target of 15%+
SHIBUSDT Idea - UPDATENo comment!
In continuation of the previous Shiba post, the good position for the Long Trade.
Shiba Inu (SHIBUSDT): Potential Bounce Back After Correction?Shiba Inu ( BINANCE:SHIBUSDT ) has reached a confluence of support levels after a recent price correction. This includes the support and resistance zone, daily and weekly pivot points, and potentially multiple micro, mini, and macro chart channels.
Positive Influences:
Support Levels: Reaching these support zones often indicates a buying opportunity for bulls.
Bitcoin's Rise: Historically, strong performance by Bitcoin can sometimes lead to positive movements in altcoins like SHIB.
Increased Trading Activity: Rising transaction volume in SHIB/USDT suggests growing interest from buyers.
What to Waiting For?
Channel Breakout: A decisive break above the upper channel line could signal a stronger upward trend.
Liquidity Rise: Increased trading volume (liquidity) often accompanies significant price movements.
Important:
This analysis is for informational purposes only and not financial advice.
Past performance is not necessarily indicative of future results.
Do your own research before making any investment decisions.
SHIB Retesting Support and May Drop to $0.00001909In recent trading sessions, BINANCE:SHIBUSDT has displayed a downward trend on the 4-hour chart, indicating potential challenges ahead for investors.
The 9 Exponential Moving Average (EMA) and 20 EMA trajectories reinforce the bearish outlook. The 9 EMA values have decreased from $0.00002765 to $0.00002635 over the last 48 hours, while the 20 EMA has softened from $0.00002823 to $0.00002732, indicating a bearish crossover scenario where the short-term momentum is weaker than the long-term trend, a typical signal for declining prices.
Further compounding the bearish sentiment, the Moving Average Convergence Divergence (MACD) shows a negative histogram progression, evolving from a near-zero difference to a more pronounced negative gap between the MACD line and its signal line. This transition in the histogram values suggests increasing bearish momentum.
The Relative Strength Index (RSI) offers additional insight, with values consistently below the 50 threshold. This indicates that the market is in a state of bearish momentum, not yet oversold but certainly leaning away from bullish territory.
The immediate resistance levels are set at $0.00002982, with further ceilings at $0.00003312 and $0.00003368. These levels represent significant barriers for any potential upside recovery. On the downside, support is found at $0.00002489, with a critical level at $0.00001042, which, if breached, could signal further declines.
Cryptolean Shiba Inu SHIB Update Shiba Inu found a support at $0.00002399-$0.00002509, the key daily support zone.
A bullish reversal from this zone is likely, assuming we see back bullishness in BTC, and will result in a move to re-test $0.00003107.
A bearish break-out of $0.00002399-$0.00002509 will push SHIB price lower towards $0.00001911.
Intraday Chart
The SHIBUSD 4-Hour chart is bearish and moving to the key intraday resistance at $0.00002814.
(1) A bearish rejection of $0.00002814 or (2) a bearish dip to below $0.00002304 will lead to Shiba Inu price declining to $0.00001264-$0.00001697, the key daily support zone.
A bullish break-out of $0.00002814 will push price to re-test $$0.00003288 and possibly $0.00003762.
Support once read!
Thank you.
SHIB Shiba Inu Potential Retracement SoonIf you haven`t bought SHIB before the rally:
Then using the Fibonacci Retracement tool, I believe there will be a new opportunity in the $0.00002270 - $0.00002600 range!
Shiba Inu's Burn Rate Defies Market Behaviour With 933% SurgeShiba Inu ( CRYPTOCAP:SHIB ) has once again captured the spotlight with a remarkable surge in its burn rate, defying market expectations. Despite recent fluctuations, analysts remain optimistic about the meme coin's future prospects, driven by significant developments within the CRYPTOCAP:SHIB ecosystem.
The Burn Rate Surge Unveiled:
Shiba Inu's burn rate has witnessed an astonishing surge of 933%, accompanied by an 8% increase in daily active addresses. This surge was catalyzed by two substantial transactions, burning millions of CRYPTOCAP:SHIB tokens, signaling a renewed interest in the token's utility and potential.
Key Developments:
One notable transaction involved the burning of 21.7 million CRYPTOCAP:SHIB tokens, followed by another transaction torching 25.2 million CRYPTOCAP:SHIB tokens. Additionally, a whale alert highlighted the transfer of 1 trillion CRYPTOCAP:SHIB tokens, valued at $28.8 million, to the crypto exchange GateIO, sparking speculation and increasing SHIB's price volatility.
Growing Activity:
Shiba Inu's ecosystem is witnessing a surge in daily active addresses, reaching 10,250, indicating a heightened level of activity and engagement. Moreover, the surge in large transactions, with 852 transactions exceeding $100,000, suggests a growing interest from institutional or large-scale investors in SHIB.
Market Impact:
The recent surge in SHIB's burn rate has coincided with a notable increase in liquidations, with $1.53 million in SHIB short positions liquidated on Friday alone. This uptick in liquidations underscores the heightened market activity surrounding SHIB and its growing significance within the crypto space.
Social Engagement:
According to data from Lunar Crush, Shiba Inu ranks third in terms of social interactions, trailing behind Dogecoin and Pepe. This robust social engagement reflects the community's fervent interest and active participation in discussions surrounding SHIB's future trajectory.
Analyst Outlook:
Crypto content creator and investor Jake's endorsement of SHIB as "The First 100 Billion MC Memecoin" echoes the sentiment of many bullish analysts within the crypto community. With positive analyst recommendations bolstering investor confidence, the spotlight remains on Shiba Inu ( CRYPTOCAP:SHIB ) as the "Dogecoin killer" poised for further growth and disruption.
📈Bullish on Shiba: Potential for Strong Rally🚀🔥🔍Today's analysis focuses on Shiba Coin (SHIB) in the daily timeframe, where it has recently experienced a remarkable 417% growth, showcasing its significant potential. SHIB is among the most popular meme coins in the market, boasting a large community of loyal holders.
📈Following such a powerful upward movement, a correction is entirely natural and essential for sustaining a healthy trend. A trend line from the weekly timeframe has been broken, indicating the extent of the 417% movement.
🛒Currently, the price is stabilizing, suggesting that considering spot buying within this range could be prudent. If the price begins to correct, waiting for confirmation candles within the range of 0.000015 to 0.000018 could be a strategic entry point.
💎Alternatively, a scenario where the price finds support upon reaching the SMA25 for its next move is plausible. If the market fails to initiate movement upon reaching the SMA, patience for Fibonacci levels may be necessary.
🚀For futures trading, it's advisable to sideline Shiba Coin and explore other options, considering its tendency for volatile movements and potential for easy liquidation.
🧠💼Just remember, jumping into trades too quickly before the main trigger can be risky. Always manage your money wisely and be aware of the risks involved.
