Shiba Inu - 23% crash, best opportunity! (long-term outlook)
We have a great opportunity to buy/long Shiba Inu at the yellow trendline, which is a good support level for a short-term trade.
Unfortunately, the Shiba Inu coin still looks really bad on the highest timeframe. All previous pumps were only an ABC 3-wave structure, which is overall definitely not a good sign!
The bulls still don't show strength from the Elliott Wave perspective because we can see 3-wave structures upward and 5-wave structures downward.
After the breakout of the blue parallel channel, the bulls completely failed to continue in the uptrend; it was essentially a fakeout or a bull trap.
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
23% crash is pretty likely at this moment, and you can take this opportunity and long shiba inu at the support line with leverage on the futures market!
Is the bottom in for shiba inu? From my perspective, - NO. I believe we will eventually reach 0.00000500 (a 55% drop from the current price).
This is my idea for the Shiba Inu coin; now do your actions!
Thank you, and for more ideas, hit "Like" and "Follow"!
Shibusd
SHIB - Keep an eye on this level!Here's a quick look at the 8 hr . SHIB chart. As we can see, the price is getting closer to the trendline, and a break to the upside could be around the corner!
BTC is close to a more significant resistance zone (29k zone), and one should be careful when trading!
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The idea is: Buy when the price breaks above 0.0000112$ and take profits at the levels shown in the chart.
Targets:
1. 0.0000115$
2. 0.00001169$
3. 0.0000122$
4. 0.0000128$
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Key Dates to Watch in March:
22 Mar: FOMC Meeting
30 Mar: GDP Report
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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
shibusdhey everyone...
shib is picking up from the support around 0.00001036... with shib coin burned this morning, we could see a bullish movement, making the coin jump to next resistance level of 0.00002014... in long run it is possible for shib to scratch more zero.. as the circulating supply decrease
high possibility for shib to be bullish in coming week as Eth is break the resistance trendline and reaching near 2000
good luck
SHIB - Keep an eye on this level! Here's a quick look at the 8 hr. SHIB chart. As we can see, the price is getting closer to the trendline, and a break to the upside could be around the corner!
BTC is close to a more significant resistance zone (28k zone), and one should be careful when trading!
-------------------------------------------
The idea is: Buy when the price breaks above 0.0000115$ and take profits at the levels shown in the chart.
Targets:
1. 0.00001169$
2. 0.0000122$
3. 0.0000128$
-------------------------------------------
Key Dates to Watch in March:
21/22 Mar: FOMC Meeting
30 Mar: GDP Report
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups.
BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
shib new updateHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG 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
Shib bounced!If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Looks like shib bounced off of a known flipped area.
Just as long as it continues barking... I mean breaking these levels and flipping them to support could keep climbing.
Next level coming up is 1165.
Could reject of course so would wait for it to pop up and find support on this or one of the other levels, on the bull side.
Cheers!
Shiba Inu SHIB Price Targets after the FSB meetingThe Finance Stability Board said today that many stablecoins won`t meet the requirements stipulated in its recommendations for cryptocurrency asset regulation.
This could have have ripple effects in the entire crypto industry!
My price targets for Shiba Inu SHIB are:
SHIB/USDT shot
Entry Range: $0.00001300 - 0.00001360
Price Target 1: $0.00001220
Price Target 2: $0.00001140
Price Target 3: $0.00001050
Stop Loss: $0.00001580
SHIBA INU price is preparing something interesting soonTwo months ago, we presented you with the "Adam and Eve" pattern, which is now in the process of being developed.
Since the publication of the previous idea, the price of SHIBUSDT has shown +75-80% growth and is now in the process of correction.
However, the SHIB price is once again reaching a balanced buy zone. And looking at the chart, you can see that buyers are trying to slow down the price drop.
Therefore, for the next few days/weeks, we can try to place buy orders for SHIBUSDT in the range of $0.00000984 - 0.00001044
The medium-term growth target is also +75-80%, that is, in the range of $0.00001710 - 0.00001880
The long-term target for the development of the Adam and Eve pattern is unchanged - in the region of $0.00003500
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VECHAIN - Important Update!From looking at Vechain on a log chart, we can see that we're still within the ABC correction.
in every ABC correction, C wave is almost always 5 waves, which follows the impulsive schematic.
We are now in wave 5 and we're expecting to see 5 clear waves down.
An important thing to note is that in Elliott waves , wave 3 can never be the shortest. At the moment, wave 1 is longer than wave 3. Therefore it is highly likely that wave 5 will be shorter than wave 3. This gives us a clear zone to look at for LONG orders.
Trade Idea:
- For experienced traders, count 5 waves down for wave 5 and enter on the breakout of the 5th wave
- For less experienced traders, watch for 5 waves down and draw a descending trendline and enter on break of trendline
- Targets: 0.1, 0.23, HODL the rest and manually close
Goodluck and as always, trade safe!
SHIBUSD12-Hour Chart: Broke under the neckline of the head-and-shoulders. Then confirmed SHIBUSD to be in a descending triangle. Broke under the support of the descending triangle. Measuring the move from the top of the head of the head-and-shoulders to the support line of the descending triangle and moving that measurement down under the support line of the descending triangle, SHIBUSD should eventually see $ 0.00000780..
SHIBUSDT likely to head up to 0.00001286How about this idea for a quick scalp of 1.5%-2%. Price has found support on the previous 4h resistance turned support zone. The price might follow through after that but lets focus first on this scalp and then we will see how we go from there if we achieve that target.
Trend or Counter-Trend ?A possible path for the upcoming days.
Wave degree:
Primary: Wave 5 (larger degree),
Intermediate: Wave 3,
Structures (Intermediate):
Wave 1 = Corrective rally,
Wave 2 = Impulsive decline,
Wave 3 = Impulsive rally
Target-1 = $ 0.000018
February 23, 2023
Check out my previous analysis:
There is potential for further growth up to the channel ceilingSHIB formed a range trend over the past weeks between two resistance support ranges, and its price growth stopped when it hit the $0.0000150 range resistance. On the other hand, significant support is considered in the range of $0.0000112 to $0.0000118, in which Shiba is facing increased demand again. As you can see, Shiba's trend is bullish in the daily range and 4-hour timeframe.
As long as the support of $0.0000110 to $0.0000106 is maintained in the 4-hour timeframe, there is potential for further growth up to the channel ceiling. So, Shiba's targets will be in the range of the previous roof, and if it is broken, the second target will be in the range of resistance 0.0000170 to 0.0000185 dollars. For the short term, if the $0.0000122 support is broken, the identified support levels, especially the second support, will be targets for sellers. These supports are confirmed by the Smart Money indicator on the 4-hour timeframe and are important ranges for Shiba.
SHIB🐕 breaking out once again? 3Please 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free.
This is a follow-up to my last SHIB idea which ended on stoploss by fakeout in the end.
The setup has been revised. Price is still consolidating around the cyan channel upper edge now just in form of bigger symmetrical triangle (which is usually continuation pattern).
It seems to me that Shiba Inu could be ready to break up this triangle📐 and IF successful I think there is chance for run to 0.00001386. I'm setting the BUY STOP-LIMIT order to recent range high anticipating the triangle breakout. If you would like to see SHIB pumping, just smash the 🚀 button! 😀
ENTRY : local high @ 0.00001233
STOPLOSS (SL) : local low @ 0.00001112
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 0.00001386
REWARD RISK RATIO (RRR) : 1.25
INVALIDATION : when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.