SHIB/USD flat set 169 days (5.63 months) Average set priceLogarithm. Time frame 1 day. Secondary trend (part) set flat zone 5.63 months (169 days). The average price is 0.0000107. There is a local impulse of 18.4% inside the 982-1172 clamp to its resistance. Reversal zone.
Perhaps under the hype of pumping DOGE (at the moment + 56% with similar clamping, they will pump it in the same way and the second is a speculative creation.
Coin in coinmarketcap: SHIBA INU (SHIB)
This is how this zone looks on the candlestick chart.
Locally, this pivot zone is an exit from accumulation.
Main trend Terms 1 week. Linear for clarity.
If we do not break through this zone, the DOGE hype does not gain momentum, the whole market and the world as a whole are in sadness, as we see, there is room to fall. In work, limit losses, protect profits and immediately distribute your position in the buy / sell zone. Don't be greedy.
On such coins with such liquidity and hype, the pumps are impulsive, including false breakouts by a large percentage. Use it to make money. At the moment, unlike DOGE, there is no significant buyer volume.
Shibusd
SHIBUSDT RejectedShiba Inu (SHIB) recorded its lowest historical price (ATL) a few days ago on the Binance chart. This downward trend began with a break of the descending trendline, and today the price retested that trendline with forceful rejection, causing a price drop.
In my opinion, Shiba Inu may find support within this price range and break the descending trendline again. However, the current market trend doesn't seem particularly promising.
The best course of action would be to wait for price stabilization and the breaking of resistances. The main resistance is indicated by the yellow color on the chart, which was previously a historical support but has now become a strong resistance.
Navigating the Waves: A SHIB AnalysisThe dynamic world of cryptocurrency is full of surprises and SHIBA INU (SHIB) is no exception. Looking at the one-hour time frame chart, the zero Fibonacci level stands at 0.00000700. When shifting our view to the four-hour time frame, Fibonacci level of 1.618 reads 0.00000726, followed by the 2.618 level at 0.00000777. This higher Fibonacci level appears to present a firm resistance point.
With the Bollinger Bands, the upper limit is at 0.00000747, the middle at 0.00000709, and the lower boundary at 0.00000671. The stochastic oscillator and RSI sit at 79 and 76 respectively, suggesting a potentially overbought market. The On Balance Volume (OBV) stands at a staggering 316 trillion, while the Moving Average Convergence Divergence (MACD) clocks in at 0.00000613. At the time of this analysis, SHIBA INU trades at 0.00000742, reflecting a 24-hour price change of approximately 8%.
Looking at these indicators, the short-term outlook for SHIBA INU (SHIB) seems bullish. The market price surpassing the middle Bollinger Band and a robust OBV suggest a strong buying pressure. However, the high RSI warns of an overbought market and a potential pullback.
Even though such conditions often lead to a minor price drop, this is generally a natural part of a bullish trend and doesn't necessarily signal a market downturn. Nevertheless, given the inherent volatility of cryptocurrencies, this interpretation is based on current data and might change with incoming market news, major financial events, or changes in market sentiment.
Crypto trading is as much about risk management as it is about seizing opportunities. The market can remain irrational longer than a trader can stay solvent. Consistent profitability isn't about making the right call on every single trade; instead, it’s about making informed decisions over time. As traders, we must stay vigilant, keep adjusting our strategies according to market behavior, and always trade responsibly.
SHIB Shiba Inu Whales are Selling !If you haven`t bought SHIB here:
Or sold it here:
Then you should know that another notable transaction was reported on June 9 by Blockchain tracker Whale Alert, involving the transfer of 4 trillion Shiba Inu tokens to Binance. This transfer, worth $31.7 million, incurred a minimal fee of only $1.78 before the price of Shiba Inu experienced a decline.
Following the transaction, there have been various reactions from market participants, with some highlighting that it resulted in a 1% increase in Shiba Inu's circulating supply to 578.9 trillion tokens. It appears that whales are engaging in selling activities.
My price Target for SHIB is $0.00000500.
Looking forward to read your opinion about it!
Shib is going to reach 45~32 ZONE easily !it can reach 95 zone before it reach the 32 zone OR directly touch 45 zone
in my idea due to market condition and news we can have 45 ZONE sooner than you think on the table .
There is no way out for most of crypto currencies to get their ATH(even half of it) back less than 2024
DYOR
SHIB Continues Downward TrendDue to the continued selling pressure in the market, SHIB continued its downward trend within a specific range. This trend persisted even after breaking the bottom of the channel, eventually reaching its lowest historical range at the price of 0.0000055 to 0.0000060 dollars. It is worth noting that this range served as the bottom of a channel range in 2020, where Shiba experienced remarkable growth of over 1000% due to increased demand within that range.
However, the recent price action has brought about significant developments. The level between $0.0000070 and $0.0000078, which was a previously strong support, was broken by a strong bearish candle. As a result, this level has now turned into a resistance. If the price reaches this range, a negative reaction is expected.
Furthermore, there was a notable 20% reaction within the support range mentioned earlier. This indicates that both the power of buyers and sellers were substantial, suggesting the potential formation of a range channel between the considered levels. The RSI level, currently at 19, further supports the negative sentiment surrounding SHIB. An RSI value below 30 indicates oversold conditions, suggesting that SHIB may be undervalued and due for a potential price correction or reversal.
Therefore, while the possibility of a price rebound or shift in sentiment exists, as oversold conditions can sometimes lead to buying interest and subsequent recovery, it is important to note that the overall trend remains negative. There has been no observed change in the trend to an upward mode, and the momentum remains decidedly negative.
Resistance Breakout Challenge and Downward Trend ReturnThe SHIB token has encountered difficulty in surpassing the resistance level in recent weeks, failing to achieve a decisive breakout above the $0.00000890 threshold. Ideally, a confirmation candle should have followed this breakthrough, but instead, a notably bearish candle emerged. Consequently, the overall downward trend of Shiba Inu has persisted, leading it back to the lower boundary of a short-term descending channel within the $0.00000780 range.
Maintaining support within the crucial $0.00000780-$0.00000700 range is of utmost significance for Shiba Inu, as successfully doing so could facilitate a robust recovery for the cryptocurrency. Presently, the price remains approximately 12% above the lowest point of this support range. However, a breach of this support level, as previously mentioned, would indicate an extended period of decline for Shiba Inu.
Should Shiba Inu demonstrate positive responses at its current support level, there is potential for growth following the establishment of a range-bound trend.
Shiba Inu SHIB and the US Debt CeilingNegotiators from Democratic and Republican parties finalized an agreement on Sunday night.
Instead of raising the limit to a specific level, they have opted to suspend it entirely until 2025. This strategic move ensures that their bills can be paid until that date, while also guaranteeing that the next battle to raise the ceiling will not coincide with the upcoming presidential election.
The resolution of the debt ceiling issue brings optimism and stability to the financial landscape, which has a positive ripple effect on the cryptocurrency market.
Bitcoin and the broader crypto market stand to benefit from increased investor confidence, reinforced safe-haven status, enhanced institutional adoption, regulatory clarity, and the overall positive impact on global markets.
SHIB/USDT
Entry Range: $0.00000800 - 0.00000910
Price Target 1: $0.00000990
Price Target 2: $0.00001100
Price Target 3: $0.00001260
Stop Loss: $0.00000700
SHIBA can drop moreHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the SHIB symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
SHIBUSDT, in accumulation phase and is getting ready🦬Hello guys, Everything is clear on the chart for you like always. Shiba has been in trade range and heavy accumulation after the decreasing phase, so the ascending phase will start soon. You can consider it and monitor the price's actions in the circle to enter or increase your Shiba tokens.
Good luck.
If you like the idea, do not forget to support with a like and follow me for next analysis :)
Write your comment and opinion below to me
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Salam doostan aziz, hame chiz rooye chart moshakhas shode be dide sarmaye gozari boland modat baraye harkat soodi movaghate market. Shiba baad az ravande nozooli dar ye nahiye reng va anbasht sangin gharar dard va bezodi faaze so'odi ro shoro mikoneh. dar zaman rizeshe bazar raftar gheymat dar dayere ro rasad konid baraye vorode jadid ya ezafe kardan be Shiba hayetan. lotfan modiriyat sarmaye va hade zarar baraye har etefagh dar bazar ro ra'ayat konid.
moafagh bashid.
like va follow faramoosh nashe :)
Shiba Inu SHIB Price Targets after the FOMC meeting this weekThe upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments.
The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak.
Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the financial situation is much steadier.
Additionally, inflation remains elevated, and with evidence of stubbornness in underlying inflation, it could be in the 4% to 5% range, far above the 2% inflation target. The markets are pricing in a 25bp Fed Funds rate hike to 5.25% at the May FOMC meeting, and given the steadiness in financial markets, persistence in price pressures, and continued decent activity, this could contribute to a further downturn in the crypto market.
SHIB/USDT shot
Entry Range: $0.00000950 - 0.00001050
Price Target 1: $0.00000900
Price Target 2: $0.00000810
Price Target 3: $0.00000720
Stop Loss: $0.00001250
✅TS ❕ SHIBUSD: reached the support area✅✅ Shiba Inu broke the downward structure.
The asset reached the support area.
The price will bounce from the current level. ✅
🚀 BUY scenario: long to 0.00001104 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Simple and clean trading strat for BTC and SHIBQuick and simple.... I will be buying at the positive 1st crossing of the 50MA on the 4hr chart timeframe, and selling at the negative 1st crossing of the 50MA on the 4hr chart timeframe for BTCUSD BTC and SHIB SHIBUSD .
It is very important to know that there is no silver bullet trading indicator or method... over time all indicators or methods decouple from their previous accuracy. The trick is modifying them when they do and finding what works now that the environment has changed a bit. for me that is the 4hr chart and price relation to the 50MA.
Shiba Inu SHIB Price Targets after the Ethereum Shanghai upgradeEthereum’s Shanghai upgrade is scheduled to launch on April 12.
The upgrade will make more than 18 million ether, worth approximately $34Billion, withdrawable, possibly causing a sudden crypto market supply dump.
This is my scenario for Shiba Inu:
SHIB/USDT shot
Entry Range: $0.00001000 - 0.00001100
Price Target 1: $0.00000950
Price Target 2: $0.00000870
Price Target 3: $0.00000800
Stop Loss: $0.00001250
SHIBA INU ready for more gain 📖💣🚀Hello 🐋
Based on the chart
the price is close to the major support and in the triangle pattern ✔️
beside
we expect to see gain and pump from here ✔️
and even
the range market and many range candlesticks are acceptable scenario too 📖💡🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋