SHIBUSDT bouncing off of weekly support to daily resistanceThe weekly support is defending the price very well. The first dip to this support produced a strong bounce and then price retraced to this support again and again and every time the price has bounced from this support. This suggests that the price may aim for the daily resistance from here.
SHIBUSDT
Shiba Inu SHIB Price Target after the U.S. CFTC sued BinanceBinance and its CEO, CZ, are being sued in the US by Commodity Market Regulators in a complaint that claims the defendants committed “wilful evasion of US law”.
This comes after the SEC Charged Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations last week.
Binance is responsible for 61.8% of the global crypto trading. Its Market Share is Huge!
I assume we are about to witness a major selloff in the crypto industry.
My SHIB Shiba Inu Price Targets:
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
SHIBUSDTAs you can see, we have a great downward trendline. Soon this trendline will break, but I think we will have a fake break before that.
So, if there is a Break, it is better to enter the trade with confirmation. In my opinion, if a Break happens, it will be a fake and we will soon return to the lower support.
SHIB: Channel DownShiba Inu (SHIB) technical analysis:
Trade setup : Trading in a Channel Down pattern. Wait for a breakout. Bullish breakout above 200-day MA and channel’s resistance trendline could signal trend reversal. Price needs to regain that 200-day MA and $0.000012 levels to resume Uptrend.
Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $0.000010, then $0.000008. The nearest Resistance Zone is $0.000012 (previous support), then $0.0000150.
Shiba Inu - 23% crash, best opportunity! (long-term outlook)
We have a great opportunity to buy/long Shiba Inu at the yellow trendline, which is a good support level for a short-term trade.
Unfortunately, the Shiba Inu coin still looks really bad on the highest timeframe. All previous pumps were only an ABC 3-wave structure, which is overall definitely not a good sign!
The bulls still don't show strength from the Elliott Wave perspective because we can see 3-wave structures upward and 5-wave structures downward.
After the breakout of the blue parallel channel, the bulls completely failed to continue in the uptrend; it was essentially a fakeout or a bull trap.
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
23% crash is pretty likely at this moment, and you can take this opportunity and long shiba inu at the support line with leverage on the futures market!
Is the bottom in for shiba inu? From my perspective, - NO. I believe we will eventually reach 0.00000500 (a 55% drop from the current price).
This is my idea for the Shiba Inu coin; now do your actions!
Thank you, and for more ideas, hit "Like" and "Follow"!
SHIB - Keep an eye on this level!Here's a quick look at the 8 hr . SHIB chart. As we can see, the price is getting closer to the trendline, and a break to the upside could be around the corner!
BTC is close to a more significant resistance zone (29k zone), and one should be careful when trading!
-------------------------------------------
The idea is: Buy when the price breaks above 0.0000112$ and take profits at the levels shown in the chart.
Targets:
1. 0.0000115$
2. 0.00001169$
3. 0.0000122$
4. 0.0000128$
-------------------------------------------
Key Dates to Watch in March:
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!
🔥TAKE A CLOSER LOOK AT SHIB BEFORE IT GOES TO HIGHS🔥Hi, friends SHIB still doesn't show it's potential but I think the pump will begin very soon. Here is an entry point and 3 targets for SHIB.
📊 TRADING PLAN FOR SHIB:
1. squeeze to the trendline
2. buy orders on DOM and Footprint scalping tools which help to track the whales
3. bullish BTC or consolidation at least
🚩 BTC updates the highs, but altcoins close to its bottom. That's mean that alts accumulate the power to explode when BTC reach the local highs and start to consolidate there.
✅ THE MAIN TARGETS FOR SHIB:
🔥 $0.00012-125 - the value area and strong resistance
🔥 $0.00014 - the key level
🔥 $0.000175 - the key level and local high
I think that the local high will be the highest price only if Elon don't start to pump memecoins (DOGE, FLOKI, SHIB) again.
💻Friends, press the "boost"🚀 button, write comments, and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
shibusdhey everyone...
shib is picking up from the support around 0.00001036... with shib coin burned this morning, we could see a bullish movement, making the coin jump to next resistance level of 0.00002014... in long run it is possible for shib to scratch more zero.. as the circulating supply decrease
high possibility for shib to be bullish in coming week as Eth is break the resistance trendline and reaching near 2000
good luck
SHIB - Keep an eye on this level! Here's a quick look at the 8 hr. SHIB chart. As we can see, the price is getting closer to the trendline, and a break to the upside could be around the corner!
BTC is close to a more significant resistance zone (28k zone), and one should be careful when trading!
-------------------------------------------
The idea is: Buy when the price breaks above 0.0000115$ 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!
✴️ Shiba Inu Back On The Green? Patience Is Key! Easy 70%The correction definitely ended 10-March but this market is taking its time to recover, why?
We are set to experience long-term growth.
Shiba Inu (SHIBUSDT) is set to grow for the long-term.
That's why it is taking its time to recover because the longer the consolidation phase, the stronger the growth that follows when it takes place.
✔️ We can see the downtrend from the early Feb. high already broke.
✔️ We can see prices trading above EMA10 and MA200.
✔️ And again, the classic MACD bullish cross.
Over 70% can happen easily and fast on the next jump... But prices can go much, much higher. Patience is key.
Thanks a lot for your continued support.
Namaste.
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 IS BEARISHHi, 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 hitting weekly support, a long is favorable hereThe last trade was closed without profit and the price bounced and moved up as expected but remained a bit short of target. Now the price has fell again back to weekly support and a long is favorable here. For a bit better and conservative entry long it when price dips below the weekly support.