SHIB/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this SHIB/USDT 1DAY chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Shiba Inu (SHIB), which was one of Wednesday’s biggest gainers, climbing by as much as 17%, fell by over 10% today.
Following a high of $0.00001295 in yesterday’s session, SHIB/USD dropped to an intraday low of $0.00001097 earlier today.
Thursday’s drop came as the meme coin was unable to cross a long-term resistance level at $0.00001300.
Despite the relatively large drop in price, the 14-day relative strength index (RSI) is still deeply overbought.
As of writing, the index is tracking at a level of 80.22, which is close to a ceiling at the 82.00 mark.
SHIB has somewhat rebounded from earlier declines and is currently trading at $0.00001114.
This is not a piece of financial advice.
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Shibbtc
0.00001003-0.00001098 is an important intervalHello?
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(SHIBUSDT 1W Chart)
In order to maintain the mid- to long-term uptrend, it must be supported by rising above 0.0000 1240.
(1D chart)
It seems to have failed to rise above the 0.0000 1240 ~ 0.0000 1348 section.
Therefore, the question is whether the price can be maintained in the 0.0000 1003 to 0.0000 1098 range or higher.
If that happens, I think there is a high possibility that an attempt will be made to break through the 0.0000 1240 ~ 0.0000 1348 section upward with the volatility around January 26th.
The range above 0.0000 1527 ~ 0.0000 1618 shows a rapid upward trend, and no support or resistance lines are formed.
Therefore, if the price is maintained above 0.0000 1618, there is a possibility of a sharp rise to around 0.0000 2260.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at ().
** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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Shiba Inu is breaking out! Take a huge profit here.
Shiba Inu is absolutely prepared for a massive uptrend on the daily chart! We can see that the price is breaking out of the falling wedge pattern.
This falling wedge pattern is not a standard wedge because it is also an ending diagonal from the Elliott Wave perspective, which is a powerful combo.
Also, on the RSI indicator, we can spot a bullish divergence between the swings. It's also a strong indication that the bears are losing steam.
It's a great time to open a long position on the futures market, as I already did!
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
Now the most important question is: where is the profit target? On the way up, you obviously want to target strong resistance.
Strong resistance is undoubtedly the start of the previous GAP + top of the parallel channel, and if the bulls break this level, the previous consolidation structure's POC will be reached. You can see these levels on the chart!
If you haven't seen my analysis about Bitcoin's exponential pump, then you must, so check out my related section down below.
December was an extremely good month when it came to opportunities in the crypto market, and January is starting very positively as well.
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All my predictions are wrong?I received numerous comments claiming that all of my predictions were wrong or that I was paid by the mafia, and so on. Let's take a look at the previous analyses that I predicted. My predictions are sometimes wrong and sometimes right; that's trading. I warned you a lot about specific coins or predicted the TWT pump.
I predicted a 30% crash on Doge coin here, when everyone was buying like crazy:
I told you a 60% crash on SHIBA was coming:
I predicted this huge, massive uptrend on TWT:
I told you not to buy LUNC because it would crash -60% (extremely hard), and it really did:
I predicted a huge crash on Solana:
I predicted a tremendous crash on ADA:
I predicted a big crash on APT. Do not buy this altcoin, I warned you:
I told you not to buy XRP here:
I predicted a massive crash on GMT:
I was right about the XLM dump here:
I predicted this top on the DXY index:
I predicted a huge pump on Bitcoin from the 0.618 FIB:
I predicted the dump on Bitcoin here:
And much more...
Can Shiba's price drop continue?SHIB had a sharp price drop during the last week. After the price growth of 30% from the support area of $0.0000100, the Shiba price also increased to the resistance of $0.0000150. But there was a powerful reaction in this area, which turned back to the lower supports. The $0.0000100 support turned into resistance again, and this time the second support level in the $0.0000090-$0.0000095 range was also temporarily broken.
As you can see, we can see a range trend on the daily time frame, and as long as the current support level is maintained, there is a possibility that the Shiba price will return to the previous resistances. It is only necessary that the price returns above the $0.0000107 range at least once in the 4-hour time frame. In this case, we can expect a trend change in the 4-hour time frame. If the selling pressure continues and the current support is broken, Shiba's decline could continue to the $0.00000730 range.
#1000SHIB BREAKOUT AND RETEST AND READY TO PUMP 600% !Welcome to this quick 1000SHIB/USDT analysis.
I have tried to bring the best possible outcome in this chart.
Reason for trade:- 1000SHIB/USDT is a Flag Breakout and retest complete buy the dip
SPOT CALL
Hold it for a long time to come, it can give good profit, as BTC will pump, all the calls will give you good profit and most important stop loss
Entry:- CMP $0.010700
Stoploss:- $0.009350
Target:- $0.017200, $0.020350, $0.07400, $0.035200, $0.048200, $0.061500, $0.080000
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you...
Shiba Inu - Fake breakout! 60% crash soon | Elliott Wave
We are in the middle of the crypto bear market. Altcoins like SHIB, ADA, XRP, SOL, DOT, and LINK are going to crash hard. You really don't want to buy these coins at this moment.
I think Shiba doesn't deserve to be ranked at #13 on Coinmarketcap with this terrible price action. Yes, we had a massive pump that lasted only 30 days in 2021, but now we've been bleeding for 320 days.
On the daily chart, we have a descending parallel channel on the LOG scale with a fake breakout. It was a trap, and there were clearly missing buyers on this token. The token is still so expensive that buyers are not interested.
The price should go down to the previous swing low at 0.00000510, which is an extremely strong support and potential buying opportunity.
I would like to see a bullish divergence on the weekly timeframe, and this divergence will definitely be created if we drop down to 0.00000510.
From the Elliott Wave perspective, we need another impulse to the downside to complete a major impulsive wave, so I think we have already started the downtrend.
Maybe Shiba is a great altcoin, but it is very overpriced and expensive. Definitely not a good investment at this time.
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SHIBUSDT 6H TA; Break TrendLineAccording to the chart, the upward trend line has been successfully broken and the pullback is being completed, if it crosses the resistance range specified in the chart, it is suitable to enter. Otherwise, we will have correction.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
Shiba Inu - Head and Shoulders is breaking out! + Elliott Wave
On the daily chart the price is printing an inverse head and shoulders that is currently breaking out!
Also we have a huge descending parallel channel, so be careful, because there is always a possibility that we will be rejected at the top of the channel.
As per my Elliott wave analysis - the ABC retracement should be completed (ZigZag 5-3-5) and now we should go up at least temporarily.
Wave B is always a strong resistance + 0.618 FIB, place your profit target here.
Look at my ideas about interesting altcoins in the related section down below ↓
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SHIBUSDT 3D TA: Strong SupportAs we can see in the chart, we are in a descending channel that has reached an important support area. If it loses this important range, it will fall more and if the buyers support, we can increase the price up to the ceiling of the channel.
If the roof of the channel breaks up and goes out of the resistance range, a buy offer is given.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
SHIB/USD - Under resistance, can it break out? 🤔SHIB is under the $0.000012 resistance and price appears keen to break above it, but so far it was rejected by bears.
With another push it could succeed, but for that the whole market, including BTC needs to break higher.
Hard to say where the market will go next, but SHIB remains somewhat bullish based on this price action.
The biggest concern is the lack of volume, that does not seem too good in my book and is a bearish indicator.
Patience for now. Bias remains somewhat bullish. I'd turn bearish if support is lost.
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