Shibusd
SHIBA INU AT BREAKOUT POINT🚀Please support this idea with a LIKE👍 if you find it useful🥳
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Here is price at the tip of the falling wedge. An upward breakout from this falling wedge will take price to ATH but a downward breakout will take price back to the trenches.
We already have a slight breakout from the upper trendline. If it turn out to be a successful breakout, then shibainu will do well this time.
Also, this pattern looks like a possible cup and handle pattern. If this should play out, price will rise above ATH.
Will price break upward or downward?
What do you think?
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Changed to Shib Short...Intuition says no. Support says no. There's a full moon coming in Aries. A time of purging. purging is perceptive. It's a 50/50 bet. I am short on the day. Ugly range. If short then we might bounce at 39,500 but I'm not hopeful. It's a spot trade so watch your shit.
I am a spiritual and technical trader. I trade spiritual shifts and timelines.
Big long coming for ShibI like the range here and am bullish for sure. It's well supported but it is a spot trade once again so watch your shit. I think shib will definitely steal the show soon if this baby goes long. If it goes short you can always can that red a lot easier imho. Sending positive vibes for happy trading.
I am an intuitive range trader. I trade spiritual/astrological/numerological shifts. I also incorporate TA.
SHIBA Next Res test could be the last. Potential +400% move.This is an update to the pattern I published for SHIBUSDT on February 07:
As you see, the Resistance Zone held, the price got rejected on the 1D MA100 (green trend-line) and that pushed SHIBA back to its Support Zone. This consolidation pattern continues to mirror the very same June - September 2021 accumulation phase, which paved the way for the massive October rally. As you see, even the 1D RSI sequences are identical.
In our opinion, the next test of the consolidation's Resistance level, will most likely be the last. A 1D MA50/ MA100 Bullish Cross, would confirm that, much like it did on September 18th 2021.
So far the top of the Channel Up (Fibonacci level 1.0) has been priced the two historic Highs. A similar rally means potentially a +400% profit potential from the current levels, above 0.00011 !!
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SHIB, what will happen after the breakdown of the trend line?After touching the trend line, we did not see a strong buyer reaction!
The price will probably be able to break through this trend line and approach the first key level. If there is weak support from the buyer at this level, the next level will be a strong support.
From the level of the local minimum - $0.00001704, you can look for good opportunities to take long positions.
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
SHIB 8 hr - buy and sell zones.I am trying to isolate my buy and sell zones. But they do depend on the rate and incline of a movement. I will also watch each trend line being approached. Often one is broken just by a touch, then a fake out reverse occurs right before the breakdown of that resistance. These 8 hour charts will give a large window to these areas and let me see the markets collective decisions.
Shib- Higher low in place?After the recent low on 22 of January at 0.0000175, Shib has had a first leg up to 0.000035, followed by a correction just shy above 0.000020.
Now the coin is trading at 0.000025 and the Pin Bar from 24 February can very well mark a higher low.
Yesterday's candle is a bullish engulfing which reinforces a bullish outlook.
If the recovery for the crypto market is a genuine one, Shib can rise and test 0.000040 resistance
I'm bullish as long as 0.000020 is intact