SHIBUSDT
SHIB UPDATE (3D TF)Before anything, pay attention to the time frame
What is clear is that SHIBA is inside the big wave B, which is a diametric wave.
The expectation is that wave G will sweep the lower liquidity pool and reach its Fibo support and then enter the big wave C.
The time frame is big, these waves take time.
SHIB Santa - Taking 2 Zeros OutShiba Inu ( SHIB ) is coming to town.
This Christmas, forget about Santa!
Shiba is what we need.
Another :poop: coin that will take away two zeros.
The patterns are clear. Cryptocurrencies are getting ready for a great '23.
For the record, I'm not a fan of SHIB ( SHIBUSD , SHIBUSDT , SHIBBUSD ).
I am only holding a few millions, like every other HODLer out there.
It has no real purpose, unless it's destiny is to go to Mars.
My next Strong Level: 0.000006 .
BUT! You asked, I deliver .. an analysis on Shiba Inu.
SHIB Technical Analysis:
* Elliott Wave A-B-C Pattern
* Bullish Divergence
* 88.6% Fibonacci Retracement
* Ending Diagonal
* Double Bottom
* Demand Zone
That's it.
Merry Christmas my fellow HODLer!
SHIB Burn Rate Plunges 40% Amid Shiba Inu Price SurgeShiba Inu is once again gaining significant traction in the world of cryptocurrencies as its price surged today amid a declining burn rate.
Shiba Inu, an Ethereum-based altcoin, amassed noteworthy attention in the world of cryptocurrencies as it recently witnessed a price jump amid a decrease in the burning of tokens.
Shibburn, a platform offering SHIB burn insights, recently unveiled data showcasing the plunge in the burning of SHIB tokens.
Moreover, Shibarium, a layer two blockchain for Shiba Inu, also witnessed a significant boost in testnet activities, stirring up speculations among crypto market traders and investors.
Shiba Inu Burn Rate Amid Testnet Activity
As of writing, the data offered by Shibburn showcased a 34.89% decrease in Shiba Inu’s burn rate over the past twenty-four hours. Besides, the total number of tokens burnt over the past twenty-four hours totaled 5.94 million. Interestingly, amid the constant burning of SHIB, the burn rate over the past week also experienced a fall of 43.33%. A total of 130.90 million SHIB was burnt over the past seven days.
The Shiba Inu crypto community created a buzz in the world of cryptocurrencies following the massive burning of SHIB tokens over the past few days. In a series of transactions, the Shiba community appears to have burnt a whopping 410.662 trillion SHIB tokens to date. The abovementioned burning of tokens comes forth as a result of the Shiba community building up support for their token.
Despite the Shiba community’s efforts, the SHIB price did not gain much momentum in 23, following which the community initiated burning colossal amounts of tokens.
Furthermore, the Shibarium testnet activity also skyrocketed over the past few days. As per the data revealed by a blockchain explorer, not a single transaction was carried out on the Shibarium testnet in recent weeks. However, since November 9, a whopping 400,000 transactions occurred, gaining attention throughout crypto markets.
Shiba Inu Price Report
At the time of writing, the Shiba Inu price witnessed a surge of 1.27% over the past twenty-four hours, evaluating $0.000008329 today, November 25. However, the token witnessed a marginal fall of 3.28% over the past week.
Furthermore, the twenty-four-hour trading volume witnessed a significant increase of 17.63%, reaching $119.77 million while writing.
The price surge witnessed by SHIB over the past month evaluated 12.25%, lining up with the community’s efforts to jack up the SHIB tokenomics. As the Shiba community continues to burn massive amounts of tokens, the scarcity of the token continues to surge, which might push the token for a better future outlook within broader crypto markets.
SHIB: Resistance BreakoutShiba Inu (SHIB) technical analysis:
Trade setup : Following a bullish breakout from Falling Wedge pattern, price has now finally also broken above $0.0000080 resistance and 200-day moving average, which confirms a bullish trend reversal to an Uptrend. Price has pulled back and is retesting that breakout level. This could be a swing entry opportunity in Uptrend with upside potential to $0.00001 next.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $0.0000080 (previous resistance), then $0.0000070. The nearest Resistance Zone is $0.0000100, then $0.0000120, and $0.00001200.
shibusdt → look at the breakouthello guys...
as you can see this coin made a wedge at the end of a sharp movement!
so we should look at the edge of this pattern and each side break out we got a position in the same way of breakout!
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SHIBUSDTSHIBUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the healthy retracement and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH
What you guys think of this idea ?
SHIB: Resistance BreakoutShiba Inu (SHIB) technical analysis:
Trade setup : Following a bullish breakout from Falling Wedge pattern, price has now finally also broken above $0.0000080 resistance and 200-day moving average, which confirms a bullish trend reversal to an Uptrend. Upside potential to $0.00001 next. (set a price alert).
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.0000070, then $0.0000055. The nearest Resistance Zone is $0.0000080, which it broke, then $0.0000100, and $0.00001200.
shibusdt 1d#SHIBUSDT 1D
Shiba has completely touched the bottom and the lowest level and now you can see that he has corrected it and currently he has broken a small upward trendline, which is a good sign and it can also be above the support that he actually paid for to fall, but for now . It has come above this area and it can be said that by breaking its current trendline, it can start an upward trend
TP1: 0.00001424
TP2: 0.00003034
TP3: 0.00005006
SHIBA INU Technical Analysis And Trade Idea SHIBWelcome to our SHIBA INU Technical Analysis and Trade Idea. In this video we dive deep into the SHIB/USDT pair, focusing on the prevailing bullish sentiment found in the weekly (1W) and daily (1D) timeframes. Notably, our charts signal that SHIB is currently on the verge of a crucial support level, a pivotal turning point for this digital asset. Throughout this discussion, we'll explore the fundamental tenets of technical analysis, encompassing vital aspects such as analyzing the ongoing market trend, price dynamics, market structure, and other critical elements of technical analysis. As we progress through this analysis, we'll meticulously examine a potential trading opportunity within the SHIBA cryptocurrency.
It's essential to underscore that the insights we share in this presentation are intended solely for educational purposes and should not be construed as financial advice. Participating in the foreign exchange market and cryptocurrency trading carries a significant level of risk. Therefore, it is imperative to prudently incorporate robust risk management strategies into your trading plan to effectively navigate these challenges.
#Shiba #shibusd targets until the end of 2023.Shiba's TARGETS until the end of 2023.
Unfortunately, Shiba's charts are incomplete and do not show the initial movements and rises of this currency, so it is difficult to analyze its next goals.
But if we consider the same chart and consider the Ascension from 2020 to 2021 as a five-wave structure, based on the existing possibilities, we will reach a series of targets. Target one and two are available with a high probability, target three is ideal and target four has a low probability, but this is not the end of the job and if the conditions are met, higher targets are also available.
TARGET1: 0.00001480$
TARGET2: 0.00003000$
TARGET3: 0.00007500$
TARGET4: 0.00016000$
TARGET5: OPEN
Suitable entry range: 0.00000850 - 0.00000700$
STOP LOSS: 0.00000630 $
!! Mysterious Shiba !! It is true that after the launch of Shibarium, we saw a downward correction in the Shiba trend.
Something that not only Shiba, but the whole market was involved in.
But the data shows that before the halving of Bitcoin, which will happen on May 1, 2024, we will witness a significant growth of digital currencies, especially Shiba.
Based on Shiba's development plans, including the launch of Shibarium and the news of stablecoins and the high amount of token burning and the increase in investor demand, it indicates an upward trend.
If this analysis is of interest to you, please support me with a boost and comment.Thank you
SHIB/USDTR 1DAY UPDATE BY CRYPTOSANDERS Hello friends, welcome to this SHIB/USDT update from Crypto Sanders.
Chart Analysis:- Shiba Inu (SHIB) was another notable gainer on Thursday, as price rose for a second consecutive day.
Following a low of 0.000007429 on Wednesday, SHIB/USD rallied to an intraday high of 0.000008208 earlier today.
today’s gains have sent SHIB to its highest level since August after the price rose by nearly 10% today.
earlier gains have somewhat faded, as a result of the RSI failing to break out of a ceiling at 70.00.
price strength now sits at 69.15, with a floor at 61.00 a likely target should momentum begin to shift.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
SHIB/USDT Break and switch to Bullish Momentum or Rejected ??💎 SHIB has certainly caught our eye, navigating within a descending channel formation. Recently, SHIB initiated a noteworthy ascent after rebounding from the demand zone.
💎 However, for SHIB to shift into a bullish gear, it needs to conquer a significant milestone: breaking free the descending channel pattern and overcoming the local resistance. Probability this breakthrough could set the stage for SHIB to smoothly continue its upward trajectory, aiming for the supply zone and probability of reaching the Bearish OB.
💎 On the flip side, if SHIB stumbles in its attempt to breach the pattern or faces rejection at the descending channel's resistance, it might necessitate a retreat, seeking renewed strength by returning to the demand zone.
💎 The outlook becomes bleaker if, during its reassessment at the demand zone, SHIB finds the area unable to withstand the selling pressure. A failure to uphold the demand level, marked by a decisive breach, could propel SHIB into a continued downward spiral, steering it towards the critical support territory.