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.
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Shibusd
SHIB - Second Chance to Board the SHIB TrainIf you missed the rise of SHIB the first time, here's your chance to get in on the bottom floor. SHIB is bouncing off a level it hasn't seen since before its meteoric rise back in October of last year. Breaking out of a falling wedge above this support level makes this a great entry for the next up leg in my book. I'm long.
Shiba Inu Analyze🦊(Classic Reversal Patterns) !!!Shiba Inu made two Rising Wedges ( Big & Small ). It was able to break the lower line of the Small Rising Wedge and passed pullback to it, and now it is making a Head and Shoulder Pattern that can break the lower line of Big Rising Wedge .
Big Rising Wedge's 🎯 Target 🎯: Around 0.00001042$
Small Rising Wedge's 🎯 Target 🎯: Around 0.00001022$
Shiba Inu Analyze ( SHIBUSDT ) Timeframe 1h ⏰ (Log Scale)
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SHIB possible i. head and shouldersPossible pattern on the 4hour - 1 day chart.
Very interesting to see, would like to see price make its way back to the neckline, and then some consolidation there below it.
Have drawn two blue lines. I feel like there might be a slight diagonal neckline here, but the horizontal line is more of a given and less subjective/open to interpretation.
✅TS ❕ SHIBUSD: HEAD AND SHOULDERS✅✅SHIB forms a HEAD AND SHOULDERS figure. now the formation of the right shoulder is underway, after which a continuation of the fall is possible. We are waiting for a U-turn and open the shorts.✅
🚀 SELL scenario: after the end of the formation of the right shoulder, shorts to support.🚀
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Remember, there is no place for luck in trading - only strategy!
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SHIB long optionsHeres a couple of options for SHIB longs.
Looking at it, there looks to be a bear flag formation on the LTF, so expecting another leg down, into these buy zones.
I really like the option 2, maybe because it is sitting lower and therefore might carry less risk, but at the same time, could not hit at all.
Maybe need to wait for confirmation see how things respond to these levels.
Option 1 aligns with the 0.618 of the recent leg up.
SHIB hungry again?Shiba Inu broke up this triangle📐 and I think there is chance for run to 1277 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback.
ENTRY : local high @ 1045
STOPLOSS (SL) : local low @ 969
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 1277
REWARD RISK RATIO (RRR) : 3
INVALIDATION : when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
SHIBUSDT 50% retracementAs per our analytical prediction, trade hit extreme correction level with 1600+ PIPS. Now trade has best possible positions to go up. It will blast as it overcome accumulation period. Short term trade will be 50% retrace back from bottom.
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✅TS ❕ SHIBUSD: cannot go further✅✅SHIB is moving in the area of the resistance level and cannot go further. I expect a bounce down.✅
🚀 SELL scenario: short to 0.000936.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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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SHIBA - It's a trap!Not a lot of time for description here but BTC indicators are pointing DOWN . A new 4HR candle just started.
There's bearish divergence on the RSI .
BTC will likely pull this one down.
Look to buy at the 0.618 retracement level instead which is about 0.000009
Potentially BIG gains from there NEXT WEEK...
Will update as needed. I feel bad for anyone who gets caught in this.
IF I'M WRONG (I could be) and it pumps without me, I'm fine with that!
All I'm saying is I believe late buyers here are going to get punished!
Take care and use EXTREME CAUTION.
Shib 1D Where it's safe to buy and where to sellToday we have a SHIBUSDT price forecast since it was voted for in our recent BTCUSDT idea
And also because the SHIBUSD price has reached the liquid zone of $0.00002, which was written about in our previous idea
Today's analysis will be of two possible price movement predictions. For someone, they will be positive, for someone they will be negative, but we just write what we see:
1) More or less safe level to buy long is $0.000025 . Or from $0.00003, but after a consolidation above the trend line. In general, this is the white route.
But roughly speaking, anything above $0.00002 will be in a growth trend, which is trying to form.
2) If the price will consolidate lower than $0.00002 , we can fear with full seriousness another fall of Shibainu token price by -50%. After all, somewhere around $0.00001 is the top of a large liquid zone where SHIB bought last year before the growth.
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✅TS ❕ SHIBUSD: support level✅✅SHIB has reached the support level. the price has already stopped and is ready to rebound. I expect growth.✅
🚀 BUY scenario: long to the area of 0.000011.🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
SHIB long ideaMust be patient with this. If bitcoin nukes down then im sure this will kick in. Stop back inside this resistance that it broke from. Looking for the retest of the downward resistance and/or the old horizontal price resistance.
Depending on where you take the swing low from, the fib retracement gives so good confluence here also.
SHIBUSDT Falling Wedge forming a Bottom*** ***
For this particular analysis on SHIBA we are using the SHIBUSDT symbol on the Phemex exchange.
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The idea is on the 1D time-frame where Shiba has been trading within a Falling Wedge pattern since the December 24 2021 High. The price has been trading near the pattern's Lower Lows trend-line since the May 12 Lower Low, being unable to stage a sustainable rebound. The longer it trades near that level, the more likely it is to attract buyers and form a bottom.
The immediate target is always the 1D MA50 (blue trend-line) and a closing above it takes us to the medium-term 1D MA100 (green trend-line). Only a break above the 1D MA200 (orange trend-line) can justify further buying, in which case we'll have a long-term bullish reversal into a new Bull Cycle.
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