Shiba Inu - Head and Shoulders is breaking out! + Elliott Wave
On the daily chart the price is printing an inverse head and shoulders that is currently breaking out!
Also we have a huge descending parallel channel, so be careful, because there is always a possibility that we will be rejected at the top of the channel.
As per my Elliott wave analysis - the ABC retracement should be completed (ZigZag 5-3-5) and now we should go up at least temporarily.
Wave B is always a strong resistance + 0.618 FIB, place your profit target here.
Look at my ideas about interesting altcoins in the related section down below ↓
For more ideas please hit "Like" and "Follow"!
SHIBUSDT
SHIB is stronger✅than expected! Next 2 targets.In my last idea about the SHIB i expect the local pullback but the alt start to squeeze to the trendline and break it out. The main target is the key level of $0.012 and it were reached✅
✅ The price can`t stay to long inside the liquidity gap because of the lack of liquidity but the big players can make trap for the long traders and collect all the stop losses which placed by long traders in $0.00842-0.01 liquidity gap.
After the trap price should squeeze to the trendline and break it out.
📊Preconditions to open a long:
🔥false breakout and collection of sl below the $0.01 key level
🔥volume growth which confirm us the pressence of big buyer who will push the price higher
🔥squeeze to the trendline
🔥bullish BTC help reach the targets for SHIB much faster
📊The targets:
1️⃣ $0.012 - key level
2️⃣ $0.0143 - key level
🚩Check the links in my profile to get more ingo about trading and my free trading strategies for beginners.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
XRPUSDT Near an important support levelSubscribe to the channel for more new information about trading✅
Hello everyone
Let's break down the SHIB chart
I expect that the price will still be able to break through the local trend line and shoot to the local resistance, I will look at the BTC chart if a more positive picture emerges in the long, then I will open a position on shibusdt.
SHIB - Second Chance to Board the SHIB TrainIf you missed the rise of SHIB the first time, here's your chance to get in on the bottom floor. SHIB is bouncing off a level it hasn't seen since before its meteoric rise back in October of last year. Breaking out of a falling wedge above this support level makes this a great entry for the next up leg in my book. I'm long.
Shiba Inu Analyze🦊(Classic Reversal Patterns) !!!Shiba Inu made two Rising Wedges ( Big & Small ). It was able to break the lower line of the Small Rising Wedge and passed pullback to it, and now it is making a Head and Shoulder Pattern that can break the lower line of Big Rising Wedge .
Big Rising Wedge's 🎯 Target 🎯: Around 0.00001042$
Small Rising Wedge's 🎯 Target 🎯: Around 0.00001022$
Shiba Inu Analyze ( SHIBUSDT ) Timeframe 1h ⏰ (Log Scale)
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trading opportunity on the SHIBUSDTBased on technical factors there is a long position in :
📊 SHIBUSDT Shiba Inu
🔵 Long Now 0.00001105
🧯 Stop loss 0.00001050
🏹 Target 1 0.00001180
🏹 Target 2 0.00001280
🏹 Target 3 0.00001380
💸Capital : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
Shiba Inu One Last Major Drop Ahead... A Bag Holder's DreamThe Shiba Inu (SHIBUSDT) hype is more than over now but the bleeding not yet.
We don't see much strength on this chart and there is likely to be another drop ahead.
Short-term, small bounce?
Maybe but even if it happens it won't be strong.
We are looking at red, red, red + lower...
And after everybody has folded only then they will start another run.
Meanwhile... The smaller altcoins/rest of the market is starting to move strong.
Don't worry, we all went through the same experience.
We were locked up for months, sometimes years, on some hyped up coin.
We just take the loss, learn from our mistake and move on.
Namaste.
Shiba Inu Trades Above Support (35% Potential Target)Shiba Inu (SHIBUSDT) has been recovering ever since the 18-June low.
We can appreciate two cup patterns.
The light blue marked space is for support.
SHIBUSDT is trading above EMA10, EMA21 and EMA50 on the 12H timeframe with a strong RSI.
Trading above EMA10 = bullish potential short-term.
We are bullish above 0.00000930.
This is our stop-loss.
You can find the 35% target mapped on the chart.
This is not financial advice.
Thank you for reading.
Namaste.
--
Previous trade idea:
SHIB opportunity for 2022This My big picture for the coin in the next 6 months !
If you have nothing to lose and can wait for good long time this is the time to store and hold shib after the dump that's going right now !
Warning : if 0.0x0500 is hit and went down i don't recommend jumping in this trading after.
SHIB possible i. head and shouldersPossible pattern on the 4hour - 1 day chart.
Very interesting to see, would like to see price make its way back to the neckline, and then some consolidation there below it.
Have drawn two blue lines. I feel like there might be a slight diagonal neckline here, but the horizontal line is more of a given and less subjective/open to interpretation.
SHIBUSDT 3D TA: Strong SupportAs we can see in the chart, we are in a descending channel that has reached an important support area. If it loses this important range, it will fall more and if the buyers support, we can increase the price up to the ceiling of the channel.
If the roof of the channel breaks up and goes out of the resistance range, a buy offer is given.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
SHIBA ready to gain 🚀Hello 🐋
Based on the chart after a long time, correction to the downside the price is close to the major support and the green trend line ✔️
if
the price doesn't break the support level and the green trend line 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 🐋
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 26, we has a short position for our chart and expected a falling trend and in this chart you see this has come true. Here we have R2 as our resistance line. S1 used to be a resistance line and the disability of the price to rise is obvious. S2 is our long-term support line that expresses the support of the price since the past. And R1 is our 4-hour resistance line which shows the price could not move over it. At the moment, the price is fluctuating on R1 and due to the reverse head and shoulders pattern, we expect the price to rise toward R1 in order to form the right shoulder of our pattern. In case the price is able to fix over R2, then we predict more rise for it. Even it is possible for the price to be rejected at the current area and fall to S1 and again by a pull back, it moves upward to R1. Or it my happen that the price faces more decline when it enters the area below S1.
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
SHIBA USDT Happy trading
HELLO GUYS THIS MY IDEA ABOUT ASHIBA USDT is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that the Seller from this area will be defend this SHORT position...
and when the price come back to this area, strong SELLER will be push down the market again...
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade....
THANKS
TURTLE TRADER🐢
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.
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.
All the best!
If you like what we do, then please like and share our idea.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.