#SHIB ready for another wave up! Potentially 140% Rally ahead.Welcome to this trade setup. Last time when I called the SHIB breakout around $.028 many people made insane profits when it rallied 200%+ all the way to $.0896. The chart shows similar fractals.
BTC broke out and made a new ATH resulting into retracements into altcoins.
SHIB on the other hand broke out of the triangle which is a continuation pattern.
As per pattern it could rally almost 140%+.
I know this is huge as per the current Mcap of SHIB but who knows!!
This market is insane.
As long as it stays above the 21D MA mark we could see fireworks in SHIB.
ENTRY : $0.50950 to $0.5500
Targets:-
$0.062
$0.073
$0.086
$0.097
$0.109
$0.125
Stop Loss :-$0.044538
DYOR before taking this trade. This coins is already up alot so trade with Stop Loss, always.
If you like me to post more if these setups, do hit the like button and share your views in the comments section.
Thank you
#PEACE
Shibusd
SHIB Upward Momentum .00008 -.00009 expectedShiba Inu is potentially breaking up at the moment. Watch for sustained strength, as well as volume follow through on this play. I think this particular setup has a good chance of playing out. I have an upper target zone of .00008 -.00009 based on FIB and the extrapolation of the triangle move as well both finding confluence there. NFA , DYOR
Shiba Inu - Daily ray rejectionHello Traders and Analysts,
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged Neutral for the short term. Long term, bullish, due to purchasing further increments upon imbalances.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
Note:
To see more information - review the linked ideas for more crypto and through the analysis links which provide explanation's for further resources.
Also to add - regarding the simplified method of the Shib Burning model, a full detailed model will be available - please contact me for further information.**
Master Key for zones
Blue = Monthly
Purple = weekly
Red = 4 Days
Yellow = 16 Hours
Orange = Daily
Dark Green = 8 Hour
Grey = 4hour
Pink = 1 hour
Review the full analysis below;
Monthly Imbalance
Thus far there is not an abundance of Data provided from brokers and platforms - further imbalances will become clearer, however with data analysed - price had immediately sold off upon listing. Creating an immediate low of 0.0000569. The identifiable formation is a cup and handle which can be more visible on the weekly and four day chart. However with an introduction of further establishment of the traction from fundamental plays where new listings occur price can adopt an established consolidation. So new entrants to the market who began immediate price action on the monthly basis begin an immediate change of hands adding buyers to a selling market from the inception.
This has now created a trading rang on the following four months listed whereby 0.0000471 is the established low point forming the monthly imbalance as well as the upper range of the imbalance reaching 0.00000979.
The weekly Imbalance
The reason here for the half candle imbalance is provided for two reasons;
1. Being the Formation of the 50% low Fibonacci from the peak 1.00 at the introduction of Shiba Inu to the market.
2. The second reason for the 50% candle imbalance - is due to the upper 50% quartile using probability for price to retest the body of the candle for buying targets.
Price did change hands from a selling market by creating three consecutive higher lows on the weekly timeframe, offering a >50% probability for buying power and long positions to be taken.
Again using a fundamental backing with further adoption of users and further development of the project to become a useable token, the development through to the usage of Leash and Bone. - revert below to what is Leash & Bone.
8 Hour formation;
There is a combination whereby the grey bottom correctional channel line is a 4hour line, but this as provided by the screenshot shows a clear 8hour view also encompasses the correctional channel.
The channel has offered price action to move towards the upper channel boundary which will now play an important break and retest or rejection for longs as the imbalance has now formed upon the 50% high probability of a rejection of the pivot zone.
Daily talk points
The daily ray is intact with 3 zones of a trend rejection showing the longs are in positional play
The daily close out of the correction shows that the 50% and 0.000047X is a strong psychological value which rests upon a daily and weekly imbalance zone.
The lower highs being created from the wicks by looking left have offered shorts to be closed out and retested with sellers unable to provide lower lows in the market.
This is a sign the trend is reversing for you support and resistance traders.
Please be aware that while analysing ETH, BTC, XRP, ADA - the reversion imbalances have often tested 70.5% so expect a pullback to the weekly zone as shown below. To see further studies of this - review my other analysis'.
What the top formation correction would offer at a high probable scenario
The chart speaks for itself as to what occurred.
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What will be the next move of SHIB after it breaks the pattern ?* SHIB In 4H time frame appears with a Descending triangle pattern, with it's resistance as above trendline and the support zone around $0.000042.
* Descending triangle is considered to be either trend continuation or trend reversal pattern depend on the pattern breakout.
* If Shib breaks the support zone it will drop till $0.000024
* Price above the resistance is bullish.
Austin PowersLooking at the weekly timeframe you can cleary see structure has formed and is giving obvious bullish momentum.
We are only looking for buys in this market.
As this will be a long term hold for me and I will be following structure the entire way up.
Like, comment, follow and pay attention to the news on forexfactory.com
you can find the news in the metals section
SHIBUSD - new support reachedGuys!
I my particular opinion, price has reached new support.
I will open new position (0.5% of my portafolio, if it´s touched again I will open another 0.5%, all with 8% trailing stop)
Any comments?
Thank you!
i.o.
Shiba INU Last Round? Nov 10On Sunday, Nov. 7, a block registered on Etherscan shows a single transaction for 20,000,000,000,000 Shiba INU tokens for more that $1.13 billion U.S. The purchase originated at crypto.com
Wait for the triangle to break from above if you want to buy.
There aren't much information about SHIBUSDT
END OF THE HYPE (SHIBA INU) SHIBA INU 1/4 hours Supply/Demand & Wyckoff Pattern Formation Analysis
- Spring had formed
- Wait for LPSY (confirmation to enter long)
- Exit when it reaches 1 Hour Supply (UT/UTAD)
- Short Shiba when it reaches 1 Hour Supply (UT/UTAD) at the same time, or conservatively, wait for LPSY (test of UTAD)
- Take Profit at 1 Hour Demand
- Wait for LPSY (CONFIRMATION to enter long)
- Take Profit at 4 Hour Supply
- It's better to sell all holding shib coin at last sell price ( 4 Hour Supply)
- Short after UT/UTAD formed at 4 Hour Supply or wait for LPSY (test of UT/UTAD)
- Take Profit after Huge Mitigation (might be at 0.28175, according to fixed range volume profile analysis)
SHIB - Daily Chart ✅This chart might not look so accurate, but SHIB doesn't show any strength at all.
There is only one strong support.
The market is showing Neutral Volumes for SHIB, which means we might see consolidations for now, or even a sudden drop.
There are two resistance areas on the way up, pushing down on the SHIB value.
Use this chart as your trade setup for now; I'll keep it updated.
Current Market Price: $0.00005123
Let me know your ideas.
Good luck.
the final swing ~few of us got into shib back when it was still moving sideways via:
has come quite a long way lol. i've got a friend who retired thanks to shib ^^.
----
my upside target for this last push up takes out another 0 from the price. i'll be taking profit every 25% on the way up if it does pan out.
ps. this is a meme coin, the most dangerous kind of trade in crypto. if you do buy this thing up here, please do make sure to have a stop loss.
SHIB printing a bigger descending triangleHere's a quick Look at SHIB 4 hr chart. As we can see, the price has been forming a bigger descending triangle and we could see a bigger break to the upside soon - BTC just need to get stable! Definitely one to keep an eye on.
The best entry would be, when the price breaks above 0.00006$ with good amount of volume .
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The idea is: Buy the breakout from 0.0000615$ and take profits at the levels shown in the chart.
Targets:
1. 0.0000625$
2. 0.000072$
3. 0.000081$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
SHIB - Daily Chart ✅SHIB is consolidating again. Bollinger bands are getting squeezed.
The market is showing Buy Volumes and looks disengaged.
When bands squeeze, then the price can pump either way. Considering Bitcoin and ETH touching ATH, we can say that a crash can happen.
Watch out for your positions and wait for more confirmation.
There are two resistance areas on the way up and two support areas holding the price up in case of a drop.
Use this chart as your trade setup for now; I'll keep it updated.
Current Market Price: $0.00005519
Let me know your ideas.
Good luck.