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Shibusd

SHIBUSDT | The best scenario for falling 📝Hello traders, SHIBUSDT in daily timeframe , Based on the wave count we had: Waves 1 and 2 are completed. We are now at the beginning of wave 3, consisting of wave 3, microwave 1, and the structure of wave 2 is being formed. Wave 2 is usually zigzag and has a steep slope. The current trend is also zigzagged, and from this pattern wave a is completed and wave b is probably completed. From this zigzag, only wave c is incomplete and we assume that wave c forms its first wave and completes the rest of the waves up to around 0.002145. If the red circle and the upper side of the channel are broken, the structure will change and there is no hope for this decline at the moment. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
Short
by mahdisoltaninjad
2
💥SHIBA INU - BEST TIME TO BUY?🤔Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ As shown on this chart, we have shiba at the demand zone where it respected the zone 3 times. Price is still at the zone accumulating for the next leg up. Do you think this support zone is going to reverse price back up to ATH or it will fail? What do you think? Share your opinion in the comment section✍️ Follow me to receive more updates on SHIBUSDT ( SHIBA INU ) 🤗 Happy Trading💰🥳🤗
1Long
by PetrockFxTrading
8
$SHIB Trible Bottom PatternLooks like a triple bottom pattern established on SHIB. Hoping this indicates a breakout given the strong support level. The triple bottom chart pattern typically follows a prolonged downtrend where bears are in control of the market. While the first bottom could simply be normal price movement, the second bottom is indicative of the bulls gaining momentum and preparing for a possible reversal. The third bottom indicates that there's strong support in place and bears may capitulate when the price breaks through resistance levels. There are a few rules that are commonly used to qualify triple bottoms: There should be an existing downtrend in place before the pattern occurs. The three lows should be roughly equal in price and spaced out from each other. While the price doesn't have to be exactly equal, it should be reasonably close to the same price, such that a trendline is horizontal. The volume should drop throughout the pattern in a sign that bears are losing strength, while bullish volume should increase as the price breaks through the final resistance.
FTX:SHIBUSDLong
by joeg250
SHIB/USD - Bulls under pressure as price continues to fall...It appears that SHIB’s downturn will continue. The cryptocurrency is down 6.9% in the past week and the bears are now aimed at an important support level Key Support level: $0.000030 Key Resistance level: $0.000038 While volume has remained low, SHIB’s price has continued to fall in the last two days and is quickly approaching the support at $0.000030. This level proved resilient when it was last tested in December. Buyers have to step in again, otherwise, SHIB may tumble further. The resistance is at $0.000038. Technical Indicators Trading Volume: Volume remains low. This puts in doubt the conviction of the bears to push the price lower. The true test will come once SHIB arrives at support. RSI: The RSI on the daily is under 50 points and is falling. However, the RSI made a higher low which indicates that buyers may rescue SHIB at the support level. MACD: Unfortunately, the daily MACD did a bearish cross today. This is bad news for bulls, and their strength will likely be tested soon as any weakness may lead to SHIB dropping further below the current support level. Bias The bias on SHIB is somewhat bearish. The price is still in a range, but the current trend is negative. A break below the key support level will confirm the bearish bias. Short-Term Prediction for SHIB Price SHIB’s sideways movement during the new years holidays has ended, and the price resumed its downtrend. It’s critical to see how the cryptocurrency will perform if the support level is reached.
by DU09
SHIB, who is stronger the sellers or the buyers? SHIB is also, like most altcoins, in a trading range. For the whole month the price is squeezed between the levels of $0.00003 and $0.00004. It is worth noting that the price has tried to breakout of this range several times, but all ended up in a false breakout and liquidity collection. Now we should highlight two main scenarios: - The first scenario: squeezing and the breakout of the key level can be a good buying opportunity. -The second scenario: a fall and a false breakout of the lower boundary of the trading range. In the case of a false breakout there may also be a good buying opportunity. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
by Yuriy_Bishko
4
SHIBUSD: Loading Up Buys 🌑🆙Wow! What a beautiful chart. Price has done a lot of trapping and zone creation over the last few months. Let's use this to our advantage! Personally, I believe the price may be ready to introduce some buyers. This level seems to be exhausted and the price is stalling here, could buyers grip the market over the next few days ⁉️ Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬 🚨 RISK DISCLAIMER: Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use a tight stop loss. -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! ⬇️ --------------------------------------------------------------------------------------------------------
Long
by AlkalineFX
36
SHIBUSD 50sma ResistanceShiba Inu has failed to move above the 50sma after finding resistance at that level for the past week. Price risks falling back into the downtrend channel with a possible re-test of local lows near $0.00002826 which is roughly -18% from the current price of $0.00003560. Lower indicators are all showing bearish trend and momentum behind price in the short and intermediate-term. Should Bitcoin continue to show weakness, expect the rest of the altcoin market to follow suit.
FTX:SHIBUSDShort
by PrepForProfit
1
SHIB/USD: 250%+ Potential Run!! SHIB is changing this trend slowly like a big ship in the ocean. Do you really have diamond hands? If the 50 and 100 day moving averages fail here, we can easily test the 200 day below at 0.000022 area! If this does happen, it should snap back very fast so do not panic. Maybe we'll see a cup and handle continuation pattern form over the next two months. I will be holding firmly SHIB, DOGE, and ELON. Watch for higher highs and higher lows, good luck and happy Spring 2022 lol. (I still haven't caught on to the metaverse stuff yet, I'm still also watching OMG, NKN, XLM, LTC, ETH, BTC, AMP, ANKR)
FTX:SHIBUSDLong
by TTECH
2
Shib gots some things going for it!?So Elliott wave style, could have been an extended W5 which would explain the pivot, wave 2 of the expanded wave and the potential termination point of the previous W4. Its in the area MO. And is a most likey target for a retrace based off of the Guideline of Depth of Corrective Waves. Some more good is that some EMAs are starting to cradle the PA and got a bit of Divergence on one of the indicators... would have like some nice Div on the RSI though... Not going to get excited until some volume comes in and the PA begins to look like the path on the chart. So alarms set!! Cheers.
by CryptoKnee
1
SHIB/USD: Speculative Punches Capable of Violent ResultsSHIB/USD continues to deliver violent trading results for speculators who crave aggressive moves within the cryptocurrency world. Shiba Inu was trading at all-time highs in late October at nearly 0.00008800, but on the 20th of December the value of the cryptocurrency was approximately 0.00002850. This price is nearly a 68% decline in value. The drop in value of SHIB/USD is extraordinary and for traders lucky enough to have been skeptical of the higher values of the cryptocurrency, this may have produced profitable selling positions. However, traders who were caught up in the fanfare of the positive result of October’s bullish climb, and bought in at the highs have likely suffered astonishing losses. Here’s the thing, SHIB/USD remains a pure speculative bet. Traders who want to wager on the direction of SHIB/USD may be able to look at technical data and correlate it to broad market sentiment in the cryptocurrency world, but the results of Shiba Inu remain a sphere for speculators who understand the risks, all others should watch from afar. SHIB/USD is fractionally traded and the use of conservative leverage is appropriate because if a volatile move occurs, and it likely will, the results can be rather nervous when direction is not going in the intended manner. Intriguingly, SHIB/USD is correlating to the major cryptocurrencies rather well. It could be said that Shiba Inu is a solid barometer of speculative sentiment within the cryptocurrencies. Having touched a low only one week ago, SHIB/USD has produced a solid gain upwards which may be making its buyers content. However, the current price value of SHIB/USD is now bouncing along important resistance levels and challenging values not seen since early December. Optimistic traders may see this as an opportunity to buy SHIB/USD and anticipate another leg up. Speculators who are skeptical of the sudden upturn the past week and believe the results are a holiday bounce that will vanish could become sellers. Whether you are a buyer or a seller of SHIB/USD, risk management is essential, as this is a wager on broad cryptocurrency market sentiment in many regards. Choppy conditions may persist short term. If current resistance levels are broken higher, SHIB/USD could produce short term positive movement. Traders should to use entry orders to get appropriate price fills and use stop loss and take profit positions at all times if they are short term bettors. Shiba Inu Coin Short-Term Outlook Current Resistance: 0.00003875 Current Support: 0.00003770 High Target: 0.00003950 Low Target: 0.00003630
FTX:SHIBUSDLong
by SmoothJB