SHIBUSDT
Shib Inu COULD this BE TRap?>? SHIB INU Price Analysis I kinda see a bit of a pattern forming here with SHIB INU on the 4 HOUR ChART .
You can see that we are in an upward wedge here. But at a very critical area of Resistance! COULD this be a Bull Trap ?? I think its possible by the looks of this chart.
So Shib needs to break the .00001212 LVL And then we could see SHIB hit the .00001255 - .00001308 LVL or it will go back and test lower LVLS!
THOSE low areas it might touch could be the .00000989 LVL - .00001047 LVL.
Keep it real out there folks ! :-)
SHIB INU Price Analysis (30 Min Chart)Here's what I'm seeing in today's 30 min chart .
SHIB NEEDS to hold this current area of support around .00001204 IF SHIB Wants to continue on to the upside.If this happens, SHIB will most likely go back up and test the next area of around .00001255 -.00001308. AND then .00001365 LVL will be looking pretty reachable from here.
IF SHIB Cant hold this current Support Zone, we will see the coin drop back down to the .00001140-.00001201 LVLS With LOADS of SUPPORT around the .00000989 - .00001047 LVL .
Thanks for looking!
Have a great day everyone.
✴️ SHIBUSDT | Necessary Retrace (Name Your Altcoin #16 ✅)
Recently, Shiba Inu conquered EMA300 and hit a new high... You can check the 'Related Ideas' below to find this article.
Now that EMA300 has been conquered, SHIBUSDT can move back down to test it as support, this is the tricky part.
The retrace can last a few days, say 1-3 days, just as it can go for weeks.
Prices can drop just a little bit just as they can drop a lot, here it varies wildly and how this pair behaves depends on the overall market sentiment.
The bias and trend remain completely bullish of course.
Bear volume is really low yesterday, on the first red day and low also today, which tells us that the retrace is likely to be short rather than long but still, it can vary everyday.
The broader perspective says additional growth will follow short, mid and long-term.
Namaste.
SHIBUSDT, new upward trend! 📈🦬 UpdateHello guys, This is an update of previous analysis (blow link), Everything is explained on the chart for you like always. Shiba has been in trade range and accumulation and broken its descending trend as we expected. For now under resistance base 1525-1585 which you can save your profits or manage your positions to reach the first target because of BTC's situation. The main targets will be 17 and 28.
Good luck.
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SHIBA ready to gain 🚀Hello 🐋
Based on the chart
the price is close to the major support and better to say the previous zone that started its amazing pumping to the upside ✔️
and
we expect to see gain and pump from here, besides the range market is acceptable scenario too 📖💡🚀
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Will Shiba Inu start growing again❗️❓🦊In response to the question I raised in the title of this post, I must point out some points that may help you choose Shiba Inu in your portfolio.
The good news for Shiba Inu is that it was able to make a Higher Low (HL) on its chart, as well as break its important downtrend line. But since the Shiba Inu is currently moving near the PRZ(Price Reversal Zone) and the downtrend line, I expect Shiba Ino to push back to the important downtrend line in the coming days and next week.
Another good news is that if Shiba Inu can break the PRZ zone and the important downtrend line to the top, there is a possibility of creating a fan principle at the bottom pattern, which is considered one of the classic reversal patterns, and it is possible that Shiba Inu will start its uptrend again with this pattern.
If the Shiba Inu can make a daily candle above the heavy resistance zone & 0.000018USDT, then I expect the Shiba Inu to make 😱200%😱.
Shiba Inu Analyze ( SHIBUSDT ) 2 days Timeframe ⏰ (Log Scale).
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Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
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SHIB USDT BINANCESHIB is following a longer term uptrend (white line).
Before continuation there should be volatility up and down leaning more downward to the white line.
A safe long would be to 1783 resistance (short long).
Looks like at the moment we want to go back towards the white uptrend line.
Could buy in around 1302 support.
RSI is going to now look for support after that big pump SHIB has done these last couple days.
This isn't financial advice and you should DYOR.
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From an Elliott wave stand point, there is a potential that this move up is just a larger move with in a correction. A blast off or a nice corrective pattern internally retracing this move could be a nice entry for a long. Only thing else I could see is it may be being in the midst of some kind of Diagonal. Also drop some Median Line Trading principle in there as well.
As long as the last pivot holds "price should return to the median line approximately 80% of the time."
Theses levels on watch in case of a pull back.
Cheers!
SHIBUSDT hitthe 4h support area. Bounce in playSo the price hit finally the marked support area. And we see a bounce which was depicted in the last post.
The price will likely hit the 4h resistance at 0.00001476 level. The next course after the price hits that level will be decided by looking at the price action at that level.
SHIBUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for SHIBUSDT
There are R2 and R1 on the top which are our resistance areas and include the disability of the price to rise. And we have S2 which used to be a long-term resistance line. And finally, S1 is the support line at the bottom of the chart with its support of price at several points. Thus, we have the fluctuation of price in R1 area and we believe it will have its falling trend continued down to S1 and then we would expect two scenarios to happen. Via providing us some confirmation candles to rise, an increase would happen for the price toward higher amounts like R2. Or possibly there would be a decline to lower amounts in case the price moves below S1. The point is if you are looking for wise trades and less risky ones, our suggestion will be following our regular updates.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
SHIBUSDT may pullback to closest 4h support areaPrice may tap this 4h support region in this pullback. But before this pullback, probably price might revisit0.00001544 level. Though current price level 0.00001526 is a good candidate for the next leg down to begin from here.
However during the pullback there is a little chance that it may miss that 4h support by a little 1% mark as there is hourly support there which might provide the bounce to the price a bit early than the marked 4h support region.
A better entry for a better R:R would be to wait patiently for the price to touch 4h support area.
SHIB: Resistance BreakoutShiba Inu (SHIB) technical analysis:
Trade setup : Following a bullish breakout from Falling Wedge and above 200-day moving average, price also broke above $0.000013 resistance. Trends have reversed. Upside potential to $0.000018 next.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance : Nearest Support Zone is $0.0000100 (previous resistance), then $0.0000080. The nearest Resistance Zone is $0.0000130, which it broke, then $0.0000180.
✴️ Shiba Inu Major Bullish DevelopmentShiba Inu has been growing since late December, wait no, it has been trying to grow since June 2022 but each time it met EMA300 as resistance, a strong rejection happened.
In mid-August 2022 SHIBUSDT tried to move above EMA300 but only did so by a wick, a strong rejection happened and a multi-months long correction followed.
Late October 2022 the story repeats, a wick high that was rejected at EMA300.
Again, but this time 18-January SHIBUSDT faces resistance at EMA300, no rejection, it keeps battling with this level for weeks until finally yesterday EMA300 breaks, the bulls win.
A major development as EMA300 is the longest moving average we track and moving above this level confirms long-term growth.
Moving above MA200 opens the doors for long-term growth but above EMA300 this potential has been confirmed.
As this level is conquered Shiba Inu hits a multi-months high and is set to continue growing.
The next target as usual is mapped on the chart.
You can see the 'Related Ideas' below for previous predictions... They all hit.
Namaste.