SHIB Breakout of Falling WedgeNice breakout of the falling wedge by SHIB. If you switch to the 15m chart you'll see a clearer picture of another bull flag formation at the breakout. A lot of consolidation opportunities for people to buy. I'm liking the prospects going into the New Year. Remember, only invest what you're comfortable losing. This is a high risk, high reward trade. Stay safe and hope everyone has had a good holiday.
Shibusd
SHIBA HOLDERS EARNING 25% UPSWING Shiba Inu price experienced a bullish onslaught over the last two days, resulting in an exponential upswing. The run-up, while impressive, failed to collect liquidity resting above a crucial level. Therefore, investors can expect SHIB to retrace briefly before seeing another leg-up.
Shiba Inu price looks ready for more gains
SHIBA | Wedge Upside Breakout expected..!!
#SHIBA (Update)
Since 27th OCT Swing High, Shiba has been Consolidating in Falling Wedge Pattern..
Volume has been Continuously Descending From last 2 Months.
Now, Bulls Looking Strong & Expecting Massive Breakout But Still Bulls Need Strong Volume for it.
In case of Wedge Upside Breakout, Midterm Target Would be 0.000070 (2x ROI From Here)
📍 Always Wait for Confirmed Breakout & Candle to Close and Only then ENTER..
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SHIBUSDT trade update
SHIBUSDT trade hit overall 1501% profit. Now trade is at first supporting area as shown by yellow area as accumulation period. Final entry for buy position will be between 38% -23% fib level. To avoid FOMO situation, we have taken position around first defense area. So far trade is running according to our respected analysis. For good investment take position around 23% fib level. Trade will boost up as it crosses final resistance which will break accumulation period as shown in the graph. Our potential target will be 500% profit.
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SHIB - potentially good trade setupSHIB after huge pump (1200%) is in downwards corrective movement.
Price has fall to last support area and it might keep inside this accumulation area for some time (until some better time for alts and meme coins - hype time).
At the moment I don't own any SHIB, but I'm looking to add if it breaks 21 D MA (black line), which will also mean breaking from falling wedge. There is no any bullish divergences on higher time frames.
I set alert if it pump not to miss it. Risk/reward ratio on this trade is good for me, TP 1 and TP2 is where I plan exit my initial investment + 10-20% gain and leave rest of it for potential strong upside move.
Don't be surprised if we stay in this accumulation region for some time or even dive under it.
Until bullish sentiment returns alts, and specially meme coins probable won't move significantly.
Let sleeping dogs lieAs a followup to my last two posts where I warned FTX:SHIBUSD was following a classic bubble/bust pattern the target has been reached on my short from the Kraken release hype. That was the last gasp. Now Shiba is the first of many cryptocurrencies to break the all important December 4th US Jobs Report Liquidation Low. I do not expect the bleeding to stop here. I am targeting a full mean reversion over the next few months to 0.0001 territory.
SHIBUSDT | The best place to buy 🏹Hello traders, SHIBUSDT in daily timeframe , As you can see in the analysis, the first wave 2 and 2 are completed in our opinion and now wave 3 is forming.
Wave 3 structure is at the beginning of its process and from this structure, microwave 1 is completed and microwave 2 is formed.
Let's look at microwave 2:
In most cases, wave 2 is formed in a fast and more zigzag-like state.
We assume that wave 2 is zigzag because at the beginning of this wave a five wave is formed which corresponds to wave a .
So wave a has been completed since wave 2, and now we are probably inside wave b , wave b in the form of a flat and a plate that has no rules, and from this flat we think of an ascending wave in the shape of five waves to complete. Wants to be.
We consider the maximum ascent to be 0.618 points. In case of further ascent, this wave count should be corrected.
To confirm this ascent, the upward red circle is considered to be broken.
And in case of breaking the price 00003, the decline from the same range has been confirmed.
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SHIBA TO THE MOON ? 🚀( comment your thoughts)Hello fam , here's my point of view about SHIBAUSD as you can see price is about to sit in a very strong area of demand in confluence with a fibonacci level.
Let me know in the comment section what do you thinks about it .
SHIB - Bullish Price Setup for December & JanuarySHIB is getting support at a key region between 2900-3300, which has been a strong resistance region in the month of October. Turning this resistance into support should give us a great few months ahead for the Shiba Army and SHIB Bulls. The key price targets are the red line (which has been giving us strong resistance in the past and yellow line (the previous all time high).
SHIB/USD - Reversal Postponed by Bears. Try Again. 😋Shiba Inu seemed prime for a more considerable move upwards but was halted as the entire market declined.
Key Support levels: $0.000030, $0.000022
Key Resistance levels: $0.000034, $0.000037
SHIB found support on the $0.000034 level and seemed primed to move higher when the bears took over the market. This level was turned into resistance as SHIB’s price fell with the overall market. For this reason the new support is now found at $0.000030.
SHIB was very close to completing a bullish crossover on the daily MACD, but this recent drop stopped it from happening. It could make another attempt later when the overall market conditions are more favorable. Either way, the price is stuck in a large descending channel and a break above it is necessary to reverse the bearish trend.
Trading Volume: The volume remains low and interest will only return to SHIB once the price action becomes more exciting.
RSI: The RSI marked a higher low during this most recent drop on the daily timeframe. This shows that buyers are keen to return to SHIB if market conditions allow.
MACD: The daily MACD is trying to curve up in preparation for a bullish crossover. With a bit of luck, SHIB may be able to do so and bring much needed volume and momentum back.
Bias
The bias for SHIB is neutral in the short term, but it’s important to keep a close eye on the MACD.
Short-Term Price Prediction for SHIB
Even if SHIB manages to rally, it’s important to remain mindful of the larger structure represented by the descending channel which will likely act as resistance to any bullish move. Only a break above this channel will give sufficient confidence in such a rally. Otherwise, SHIB may continue to bounce between the key levels as it strives to stop the downtrend.
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