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Shibusd

SHIB/USD Downtrend BreakoutThe idea here is about SHIB/USD: My view is short term Bullish for the below observed technical factors. Points as per TA on Weekly & daily Chart: 1. Broken out of Downtrend Channel as per below: 2. Possible Double Bottom pattern formation on a weekly chart await for neckline breakout as per below: 3. Possible Bearish Bat Harmonic Pattern CD leg in formation as per the published chart . 4. Bearish Cypher pattern completed on Daily chart, Target 1 Achieved & support confirmed at the time of publishing as per below : 5. Trading below 20 EMA on a weekly chart & above 20 EMA & below 200 EMA on a daily chart. 6. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily & weekly is Neutral at the time of publishing. 7. RSI is at 47.07 on a weekly Chart and 68.27 on daily chart at the time of publishing. 8. MACD above signal line on weekly & daily chart. 9. Hull Moving average on daily is a sell and Strong buy on Weekly & monthly. 10. ADX ( Average directional index ) trend strength is at 8.2 on a weekly which indicates a absent or weak trend ( ADX between 0-25 is a Absent or weak trend) & 43.17 on daily chart which indicates strong trend. Projected Target with %: Double bottom & bearish Bat targets are almost aligned at the same point. A). Conservative entries can wait for retest & neckline breakout confirmation on weekly chart for double bottom, target provided in chart. B). Bearish Bat target provided in chart. Stop Loss: provided in chart. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So Please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
FTX:SHIBUSDLong
by Tron029
The power of buyers is still high!SHIBA has been up 14% in the last 24 hours. The price of this currency, which has just exited the descending channel, has returned from the support range of $0.00001020 to $0.00001070 with a not-so-complete pullback due to high buying pressure. The resistance in the range of $0.0000126 to $0.0000130 has been the starting point of a strong upward movement in the past. This area can be associated with a negative reaction. The power of buyers is still high, but as a result, the risk of purchase transactions has increased. This resistance area has been the range of the trend change in the daily time frame and considering that the previous upward wave of Shiba had the power to break this resistance, this resistance can be broken this time as well. In this case, after a pullback, we will expect Shiba's price to rise to the resistance range of $0.000018.
by MonoCoinSignal
10
SHIB/USDT Main trend (part). Psychology in the market.The main trend (part). The timeframe is 3 days. I finished the missing part of the chart with a marker. Fractal structure. At the moment, the drain from the peak of the pampa is about -70%. From the exit of the downtrend, a sideways pattern (horizontal channel 55%) began to form. Which may become the second phase of the cup pattern (as before) in case this sideways zone is held. The base of the cup is 300%. Coin on the coin market: SHIBA INU (SHIB) Last time (2 pumps) the stick pulled in a price of about +300%, absorbed all sales and then pummeled a total of +1500%. Let me remind you, the very first pamp (1 pamp without liquidity, few people knew about the coin) was about +4000% Probably you understand that with the growth of price and liquidity of the instrument pamp significantly decreases in % ratio for obvious reasons. Orient yourself adequately, also remember the price is now even though it is holding in a channel, but it is still in significant profit. Take it into account in your trading strategy and risk management. [Trade according to the algorithms of your trading strategy, based on your experience and risk management, rather than emotional overreactions. Don't be a pixel of a controlled psycho-emotional market herd . Right now, the price from the average set price of the previous accumulation zone is about +250% (similar to how the accumulation you are running on the chart earlier was also after the plunge at a maximum of +250% after the first plunge). My past closed and public trade ideas on this coin (publications in the accumulation zone). Closed. Working in accumulation (position established due to trading in the channel). Mid-term work on SHIB/USDT Closed. First planned target on exit from accumulation. 0,00003501 SHIB/USDT Main Trend (part) Public. Fractal analysis with a DOGE clone Notice where the marker markup ends on the chart, to the right of the trading idea itself. SHIB/USDT 1 day - DOGE/USDT 1 week Fractal structures Trading is the ultimate psychology, understanding people's desires and, as a consequence, their future actions through numbers and charts without contact with the people themselves . Zone for local work now (channel formation). Timeframe 1 day. I would like to add that the accumulation zone itself, which forms a horizontal channel, can be as long as you want (as long as you need), also it is logical to assume that stops will “wave” from time to time. Also, remember that even though the coin is in a sideways trend, it is in significant profit, even now after the plunge in the secondary trend. You should not ask anyone where to buy/sell this or that crypto-asset. You should initially know for yourself under what conditions you will buy and under what conditions you will sell . And how do you look at this probability? Are you more comfortable with the first option, or something like that? Is the wedge better, or the bowl? You know, thoughts and wishes have a way of coming true, dream about it, maybe your option will come true too. But always know, the average market participant (over 90%) even knowing somehow what will happen with a high degree of probability, will want to earn a little more—will lose everything or the waiting time will “kill faith” (his dreams). After all, most market participants don't trade, they buy and “dream”. As a rule, they don't wait for their dreams to come true. It's worth noting that most buy crypto at a high price and by fiat, without their own understanding. This usually ends sadly. Such is the psychology of behavior. Bursts of human joy and depression are displayed on the chart by volatility, that is, your potential earnings. Attached beneath the idea are all my trading ideas on this miracle-yudo-monet almost from the beginning of its trading.
by SpartaBTC
19