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SHIBUSDT

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.
by MonoCoinSignal
10
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
Long
by BuySellMarketMaker
Could SHIBUSD outperform BTC after potential bounce back?Are you tired of hearing about Bitcoin's ups and downs? Let's talk about something more exciting - the SHIBA INU bounce back! So why should you care? For starters, SHIBA INU has been making waves in the metaverse. That's right; there's a whole Shiba Inu universe out there waiting for you to explore. From NFTs to gaming, the possibilities are endless. And let's not forget about the community. The Shiba Inu community is one of the most passionate and dedicated groups. They've even donated millions to various charities, including COVID-19 relief efforts. So what are you waiting for? Don't miss out on the SHIBA INU hype train. Instead, join the community, explore the metaverse, and see why this little pup is giving Bitcoin a run for its money.
BINANCEUS:SHIBUSD
by bryandowningqln
✴️ Shiba Inu Higher Low In ProcessAfter a very strong bullish breakout in early 2023, from January through early February, Shiba Inu is now in the process of producing a higher low. The correction has been going for more than 3 months (107 days) and we are seeing bullish action today. There is a hidden bullish divergence with the RSI and this is all happening after a classic ABC EW correction. These signals are pointing to a potential reversal. More details on the chart. Namaste.
Long
by MasterAnanda
1
SHIB/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this SHIB/USDT 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Shiba Inu (SHIB) neared a five-month low on Friday, as markets reacted to the news that Elon Musk will be stepping down as CEO. Musk, who acquired the social media company last year, has been at the helm since the takeover but has found a long-term replacement. Following a high of 0.000008746 on Thursday, SHIB/USD dropped to a bottom of 0.000008549 earlier in the day. As a result of this sell-off, Shiba inu moved close to Monday’s low at 0.00000835, which was the weakest point the meme coin has hit since January. Looking at the chart, this latest move occurred as the relative strength index (RSI) moved deep into oversold territory, with a current reading of 23.02. However, this gives hope to longer-term bulls that a reversal could be on the cards. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
COINBASE:SHIBUSD
by CryptoSanders9563
SHIBUSDT 1D: INSIGHT My analysis suggests that Shiba Inu may experience a downward trend soon. To explain this, I'll first discuss the concepts of premium and discount in trading. An asset is at a premium when its price is trading above its fair value and at a discount when it's below its fair value. Traders take short positions at the top of equilibrium and long positions at the bottom to take advantage of market inefficiencies. Moving on to the reasons for a potential downward trend in Shiba Inu, a bearish symmetrical triangle pattern in the chart suggests a possible downward breakout. Multiple bearish order blocks indicate significant selling pressure in the market. Finally, 3 different strategies, including the bearish symmetrical triangle pattern, bearish order blocks, premium and discount concept, confirm the same bearish bias. In conclusion, my analysis indicates a potential downward trend for Shiba Inu. However, traders should always conduct their own research before making any trades.
Short
by shirus0001
6