SHIB/USDT SHORT 4HHello everyone, let's take a look at the 4H SHIB to USDT chart as you can see the price is moving below the local downtrend line.
Let's start by setting goals for the near future that we can consider:
T1 - $ 0.00001016
T2 - $ 0.00001055
T3 - $ 0.00001084
T4 - $ 0.00001116
and
T5 - $ 0.00001160
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 0.00000987
SL2 - $ 0.00000964
SL3 - $ 0.00000925
SL4 - $ 0.00000904
and
SL5 - $ 0.00000820
Looking at the CHOP indicator, we can see that in the 4H range we have a lot of energy, and the MACD indicator shows a local upward trend, but the blue line is close to the red line, if it crosses it from the top, it can confirm the trend change.
SHIBUSDT
SHIBA Has Reached Projected SupportHello Crypto traders, today we want to update our SHIBA chart from April 1st, which is now finally back to the starting point of mania cycle as expected.
From Elliott wave perspective, we have been tracking (A)-(B)-(C) correction from all-time highs and wave (C) can be actually already completed, as we see a completed five-wave cycle of the lower degree.
From technical point of view, it's trading at ideal support zone at the starting point of mania, but to confirm low/support in place and bullish reversal, we need to see a recovery at least back to 0.000020 area.
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SHIB long optionsHeres a couple of options for SHIB longs.
Looking at it, there looks to be a bear flag formation on the LTF, so expecting another leg down, into these buy zones.
I really like the option 2, maybe because it is sitting lower and therefore might carry less risk, but at the same time, could not hit at all.
Maybe need to wait for confirmation see how things respond to these levels.
Option 1 aligns with the 0.618 of the recent leg up.
SHIB hungry again?Shiba Inu broke up this triangle📐 and I think there is chance for run to 1277 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback.
ENTRY : local high @ 1045
STOPLOSS (SL) : local low @ 969
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 1277
REWARD RISK RATIO (RRR) : 3
INVALIDATION : when SL level hit
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SHIBUSDT 50% retracementAs per our analytical prediction, trade hit extreme correction level with 1600+ PIPS. Now trade has best possible positions to go up. It will blast as it overcome accumulation period. Short term trade will be 50% retrace back from bottom.
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SHIB/USD - Under resistance, can it break out? 🤔SHIB is under the $0.000012 resistance and price appears keen to break above it, but so far it was rejected by bears.
With another push it could succeed, but for that the whole market, including BTC needs to break higher.
Hard to say where the market will go next, but SHIB remains somewhat bullish based on this price action.
The biggest concern is the lack of volume, that does not seem too good in my book and is a bearish indicator.
Patience for now. Bias remains somewhat bullish. I'd turn bearish if support is lost.
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SHIBUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for SHIBUSDT
Based on our last analysis on June 21, we expected a rising trend for the price and now this has happened and one of our targets is hit. In this chart, we have R2 which used to be a support area. Then we have S1 which used to be a resistance line and the disability of the price to rise is clear. And R1 is another resistance line. By the existence of a reverse head and shoulders pattern, we expect the price to rise to R2 and then by a decline and another rise, the right shoulder of our pattern will be formed. If the price moves over R2 and fixes there, it will have more rise. R2 is a good point for saving profits. Even it is possible for the price to lose the support and experience more decline by reaching below R1.
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
SHIBAINU Daily TA : Result : +16.5% ✅✅RESULT SO FAR : +16.5% ✅
The Last Analysis :
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👤 Arman Shaban : @ArmanShabanTrading
📅 06.26.2022
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Shiba Inu Goes Bullish To 88.8% Short-Term (Up To 290% Mid-Term)We are seeing the Shiba Inu altcoin trading pair going bullish...
We are looking at SHIBUSDT.
Let's get started!
(Make sure to hit LIKE!)
We have the bottom pattern forming on this chart as well.
We can see SHIBUSDT moving above EMA10 and EMA21.
We have a very strong RSI and multiple green candle in the last few days.
We can see Shiba Inu growing 88.8%+ in the coming days...
Over 290% mid-term.
Here is the chart:
This is not financial advice.
Namaste.
SHIBA - It's a trap!Not a lot of time for description here but BTC indicators are pointing DOWN . A new 4HR candle just started.
There's bearish divergence on the RSI .
BTC will likely pull this one down.
Look to buy at the 0.618 retracement level instead which is about 0.000009
Potentially BIG gains from there NEXT WEEK...
Will update as needed. I feel bad for anyone who gets caught in this.
IF I'M WRONG (I could be) and it pumps without me, I'm fine with that!
All I'm saying is I believe late buyers here are going to get punished!
Take care and use EXTREME CAUTION.
SHIBUSDT🔥 Easy 10% to the depositSubscribe to the channel that would receive new information about the cryptocurrency market✅
Hello traders 👋
Let's analyze the SIB chart
A bullish triangle is forming on the TF hours, in the near future I expect a breakdown of the upper border of the pattern after a protracted consolidation.
SHIBA range market and major support 📖🚀Hello 🐋
Based on the chart after a long time, correction to the downside the price is close to the major support ✔️
if
the price doesn't break the support level to the downside, we will see more gain beside the range market is an acceptable scenario too 📖💡🚀
and
if the price breaks the range area to the upside, we will see more gain 🚀
Please, feel free to share your point of view, write it in the comments below, thanks 🐋