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Shibusd

SHIB looks bearishFrom where we placed the red arrow on the chart, SHIB has entered correction. Considering the time of the waves and the price range, the correction seems to be a diametric. The price is expected to reject downwards from the red range. The targets are clear on the chart. Closing a daily candle above the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
3
SHIB RocketsSHIB is exhibiting strong bullish momentum, with recent price action reflecting a rapid ascent. Key indicators point to robust buying pressure, but significant resistance levels could test the strength of this uptrend. Technical Insights 1. Support and Resistance Levels: • Immediate Support: SHIB has strong local support around $0.00001550. Maintaining above this level is critical for continued upward movement. • Immediate Resistance: The price is approaching solid resistance at $0.00001625. This level could push the price back for a while before any further gains. • Solid Support: If a pullback occurs, solid support lies at $0.00001450, which could act as a foundation for another rally. 2. Momentum Indicators: • Stochastic Oscillator: Both %K and %D lines are in the overbought territory, suggesting that a pullback or consolidation might be imminent before the next upward move. • Relative Strength Index (RSI): The RSI is above 70, indicating overbought conditions. This could lead to a short-term correction or consolidation period. 3. Moving Average Convergence Divergence (MACD): • The MACD is positive, with a bullish histogram, indicating continued upward momentum. However, the market may see some short-term fluctuations. Most Probable Market Scenarios 1. Bullish Continuation: • If SHIB can break and hold above the immediate resistance at $0.00001625, the next target could be higher resistance levels, potentially around $0.00001800. • Sustained buying pressure and high trading volumes would support this scenario. 2. Pullback and Consolidation: • Given the overbought conditions indicated by both the RSI and Stochastic Oscillator, a pullback to around $0.00001550 or even $0.00001450 could occur. This would provide a healthier base for future gains. • Maintaining above these support levels is crucial for preserving the bullish outlook. Outlook SHIB is in a strong uptrend with bullish momentum. Traders should watch for potential pullbacks to key support levels, which could present buying opportunities. Breaking through the $0.00001625 resistance will be pivotal for continued upward momentum towards higher targets. Summary: • Short-term: Bullish but watch for potential pullbacks due to overbought conditions. • Mid-term: Holding above $0.00001550 support is key; breaking above $0.00001625 could target $0.00001800. • Long-term: Sustained bullish momentum depends on overcoming significant resistance levels and maintaining high RSI.
by MonoCoinSignal
Potential Bullish Reversal for SHIB Shiba InuIf you haven`t bought SHIB before the breakout: Nor sold the top: Now upon analyzing the chart pattern of SHIB Shiba Inu, it appears that a falling wedge formation is currently in play. This pattern is characterized by converging trendlines sloping downward, with a series of lower highs and lower lows. In technical analysis, a falling wedge is typically interpreted as a bullish reversal pattern. The falling wedge on SHIB suggests that despite recent declines, there is potential for a bullish breakout. As prices continue to oscillate between narrowing support and resistance levels within the wedge, there is anticipation among traders and investors for a potential upward movement. This pattern often signals a gradual weakening of selling pressure and a potential shift towards buyers gaining control.
Long
by TopgOptions
Monthly Chart path for BTC 👩‍🚀HalvingIt's been a long while since I posted one of these so here goes! This is an updated monthly overview on the idea path for the Halving event, many people have their opinion and they have some great points to where it may or maynot be headed. So here is my entry to where it may likely start the full process for the halving to work it's way to the 120k or 200k range. Please be respectful in the comments and happy trading. It took sometime to create the paths for it but here is my thoughts on the event, expect to drop as low as 50k to 45k up until june 1st. that's when the possible buildup for the event will take place. the market has to count all the orders but likely they'll be some great resistance to prevent further bleed-out but likely will fall to the 50k BTC - .00001200 for shib, before suddenly skyrocketing to the 70 - 80k or 90 to 120k as told by the events amount to be expected is 120k. Note: it will either sit there for a short time before falling back to the 80k - 60k - range while resistance will be present the price correction will be a straight flat line to the lows of possible 20k to 10k BTC levels. this is due to Whales making a "sell all play" on BTC and shib cashing in on the millions obtained, and much of the market will likely do the same, as they see a new type of crypto winter. take over the market until early september 2025. This is only speculation but this is also from experience with both cryptos the whales will make that sell-off happen and it will be painful to everyone holding come sept 9th this year. So buy which crypto you want around June or now if you like, hold for the time being and wait for the event to build from the fresh entry it takes about a month or even two months to see results. The only thing that could delay or derail this - would be if the Federal Reserve Bank decided to do price hikes within the months of June and October 2024, hopefully that won't be the case. BTC WEEKLY CHART Halving event. I hope this helps answer any of your questions.
Long
by Grandmaster_Oz
8
$SHI / USDT bullish wave coming soon. Be ready!CRYPTOCAP:SHIB is in a bullish pennant flag that is about to break out to the upside. It is a beautiful flag with a huge pole, perfectly executed. The Fibonacci retracement is giving us the target price (TP) with 100% potential. Just follow the chart; it is pretty obvious. The Stochastic RSI is about to pump on the daily chart. Everything is aligned for a bullish wave. DYOR (Do Your Own Research), as anything can happen. This is my personal opinion, not investment advice.
Long
by CryptoNikkoid
6
Shiba is currently well-positioned for growthIn the daily chart of Shiba, positive divergence is visible across multiple indicators. This suggests that Shiba is in an excellent position to experience significant growth from this area. Positive divergence occurs when the price makes lower lows, but indicators like RSI and MACD make higher lows, signaling weakening bearish momentum and a potential upward reversal. Shiba is currently well-positioned for growth. If Bitcoin and the broader market conditions remain stable, Shiba could see considerable growth from this range.
by MonoCoinSignal
SHIBUSDT: Two Possible Areas for Swing Buy. Dear Traders, We have two possible buying opportunites on SHIBUSDT price is currently accumulating and if price do not decide to manipulate then we can see strong price rebound from current price region. However, if price manipulate then we can see it going down to our second entry there we have imbalance zone which will filled and can see strong bullish rebound. **Like and comment our ideas which will support us to bring you more educational ideas and our views on all financial instruments** Team SetupsFX_
Long
by Setupsfx_
7
#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
SHIBA - Buy here, do not miss next pump! (HUGE)Shiba Inu will definitely go higher later this year. Right now, we need to catch the bounce and ride the next wave to the upside. The 0.618 FIB retracement seems to be a great level to buy Shiba Inu, which is at 0.00002249. It's always important to do an Elliott Wave technical analysis for such pumps to stay in full picture. We need to see the full market structure and map of the uptrend. I suggest waiting for a bullish flag or any bullish pattern, or just simply setting your limit order to buy SHIB lower! I am very bullish on this coin, and the next profit target is 300% away! What Is SHIBA INU (SHIB)? SHIB is a decentralized, community-led currency held by millions across the globe. Since its inception in late 2020, the Ethereum-based SHIB token has grown to become a worldwide phenomenon, and is now accepted as a form of payment at hundreds of locations, either directly or through third-party intermediaries. Shiba Inu coin was created anonymously in August 2020 under the pseudonym "Ryoshi." Ryoshi says about himself that he is a nobody and not important and that the efforts to unmask his identity, even if successful, would be underwhelming. This meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and tweets from personalities like Elon Musk and Vitalik Buterin. Since release SHIB now trades on the ecosystem's proprietary DEX, ShibaSwap.
Long
by Xanrox
39