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SHIBUSDT

I Cannot SHORT This !!!Hi. ➡️ the odds of another bullish Movement is Pretty high because the pattern which SHIB is in, Is a Bullish wedge Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens.... ✅ Due to the Ascending structure of the chart... 🟢 The odds of another Bullish Movement is High! 🟢 Bullish wedge is Visible on The chart! 🟢 REEGULAR BULLISH Divergence 🟢 No break out yet! 🟢 FALLING WEDGE ✨Targets are: 🎯$0.00002969 🎯$0.00003280 🎯$0.00003660 🎯$0.00003930 ❗ Note that if the WEDGE is broken down with the power of descending candles, our analysis will fail. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
2
SHIBUSD Shiba Inu Unlocking Profit PotentialButterfly Harmonic Pattern Formation: SHIBUSD is currently displaying a formation of a Butterfly Harmonic Pattern, indicating potential bullish momentum in the near future. This pattern is characterized by distinct Fibonacci levels and specific geometric shapes. Trendline Confirmation: The pattern is further validated by the presence of a trendline, adding confluence to the bullish bias. The intersection of the trendline with the Butterfly Harmonic Pattern enhances the significance of the potential reversal. Key Support and Fibonacci Level: Point D of the Butterfly Harmonic Pattern coincides with a key support level and the 0.786 Fibonacci retracement level. This convergence strengthens the reliability of the bullish setup, suggesting a favorable entry point for traders. Trade Setup: - Entry: Long position initiated at 0.00002230, aligning with the bullish confirmation at Point D and the confluence of support and Fibonacci levels. - Stop Loss: Placed at 0.00001823 to mitigate potential losses in case of adverse price movements, maintaining risk management principles. Profit Targets: - TP-1: Set at 0.00002838 to capture the initial bullish momentum and secure partial profits. - TP-2: Positioned at 0.00003250 to capitalize on extended upward movement, reflecting a conservative profit-taking approach. - TP-3: Targeted at 0.00003835, aiming for further upside potential and maximizing returns while adjusting risk exposure accordingly. Conclusion: Based on the technical analysis, SHIBUSD presents a promising opportunity for bullish trading, supported by the formation of a Butterfly Harmonic Pattern, trendline confirmation, and confluence of key support and Fibonacci levels. Traders are advised to exercise prudent risk management strategies and adhere to the outlined trade setup for optimal performance.
Long
by trading_jupiter
1
shibusdt 106% long target 1. Shiba Inu (SHIB) is currently positioned within a buying zone, ranging from 0.00002100 to 0.00002300. This zone is significant as it attracts attention from major investors like Black Rock and other whales, indicating strong demand dynamics. 2. Recent market activity has shown positive signs for SHIB, with an increase in trading volume and daily active addresses. This uptick aligns with a broader market trend, driven partly by Bitcoin's surge to $65,000. 3. Shibarium, SHIB's layer-2 blockchain solution, has witnessed heightened activity, with daily transactions ranging from 300,000 to 950,000. This suggests growing interest and utilization of SHIB's ecosystem. 4. Additionally, SHIB's burn rate has spiked significantly, signaling efforts to reduce token supply and potentially increase its value over time. 5. Current market data reveals SHIB's live price at $0.000023 per token, with a market cap of $13.46 billion USD. The 24-hour trading volume stands at $642.81 million USD. 6. SHIB has experienced a modest increase of +1.22% in the last 24 hours, with a circulating supply of 589,289.41 billion tokens. 7. Technical analysis highlights a bullish divergence observed at the 4-hour time frame, indicating a potential upward trend. Additionally, all indicators are showing buy signals, reinforcing the bullish sentiment. 8. The proposed trade strategy involves waiting for a volume candle to break the blue moving average (MA) line, signaling an increase in market activity. 9. Once the volume confirms the bullish movement by surpassing the blue MA line, consider entering the trade. 10. It's crucial to set a profit target at 106% above the entry point, aiming to double the investment. 11. Implementing risk management measures, such as setting stop-loss orders, is essential to protect the investment in case of adverse market movements. 12. Monitoring the volume closely and observing any significant changes in market dynamics is key to timely decision-making. 13. Understanding the broader market context and potential catalysts can provide valuable insights into SHIB's price movements. 14. Keeping track of developments in Shibarium and other ecosystem-related initiatives can help gauge the long-term viability and growth potential of SHIB. 15. Market sentiment and investor behavior play a significant role in cryptocurrency price fluctuations, so staying informed about community sentiment is essential. 16. Assessing SHIB's relative strength compared to other meme coins and cryptocurrencies can provide additional context for trading decisions. 17. Diversification is crucial to managing risk effectively, so consider allocating investments across different assets and sectors. 18. Utilizing technical analysis tools and chart patterns can aid in identifying potential entry and exit points, enhancing trading precision. 19. Patience is key in trading, as waiting for confirmatory signals and avoiding impulsive decisions can lead to more successful outcomes. 20. Continuously reviewing and adjusting the trade strategy based on evolving market conditions is essential for long-term success. 21. Educating oneself about cryptocurrency fundamentals and market dynamics can empower traders to make informed decisions. 22. Networking with other traders and joining online communities can provide valuable insights and support in navigating the cryptocurrency markets. 23. Emotions can often cloud judgment in trading, so maintaining discipline and sticking to predefined trading rules is paramount. 24. Recognizing and managing cognitive biases can help prevent irrational decision-making and improve overall trading performance. 25. Regularly reviewing and analyzing past trades can provide valuable lessons and insights for refining future trading strategies. 26. It's important to remain adaptable and open to new information, as market conditions can change rapidly. 27. Developing a clear trading plan with well-defined entry and exit criteria can help minimize uncertainty and improve consistency in trading performance. 28. Risk management should be a top priority in trading, with capital preservation taking precedence over potential gains. 29. Seeking advice from experienced traders or financial professionals can offer valuable perspectives and guidance in navigating the cryptocurrency markets. 30. Ultimately, successful trading in cryptocurrencies like SHIB requires a combination of market knowledge, technical skill, discipline, and risk management. By adhering to sound trading principles and staying informed, traders can increase their chances of achieving their financial goals.
Long
by MOAZAM1133
SHIBUSDT.1DThe SHIB/USDT daily chart indicates a significant downtrend with the price closing in on the support level (S1) at 0.00001599. If the price breaches this level, it might signal further declines. The resistance levels (R2) sit far above the current price at 0.00003357, suggesting that the asset has room to recover if the momentum shifts. However, the current market structure would require a strong bullish reversal to reach these heights again. The RSI is approaching the oversold territory at 28.85, which might attract interest from buyers looking for undervalued entries. However, a persistently low RSI can also align with a strong downtrend. The MACD's position below the baseline and its negative histogram also support the bearish trend. Traders would need to see a cross above the signal line or a shrinking negative histogram for signs of a potential reversal. The presence of a pattern resembling a flag pole and a flag (bear flag) may indicate a continuation pattern, so a downside break from the flag could signal a continuation of the downtrend. In conclusion, the indicators suggest a bearish outlook, but with the RSI nearing oversold conditions, one should watch for any potential bullish signals or price action that could indicate a reversal or a pause in the downtrend. Always remember to consider other technical aspects, fundamental analysis, and market news when evaluating such scenarios.
by MarsSignals
SHIB: StandstillSHIB is currently showing a price action that's worth noting. The token has been unable to break a particular resistance level for about three weeks now. On the 4-hour chart, SHIB is trading at a point that has acted as both resistance and support in the recent past, indicating its significance. The MACD is hovering just below the signal line and the histogram is almost flat, suggesting there isn't much momentum in either direction at this time. This could be read as the market taking a breath before deciding its next big move. The Stochastic Oscillator is relatively low, which sometimes points to an upcoming upward move if buyers step in, considering the price could be seen as undervalued. However, the RSI is also in the lower region, supporting the possibility that the market sentiment is currently not in favor of a strong bullish push. The trading volume has been substantial, yet this hasn't translated into a significant price change, which often implies consolidation. Traders may be looking for a catalyst or a shift in broader market sentiment to give SHIB direction. This current state of balance can be delicate, and a breakout above this level would likely require a strong shift in investor confidence and market dynamics. Conversely, a break below could see SHIB testing the lower levels of solid support that have been established. The critical aspect to watch with SHIB will be how it interacts with the solid support line beneath it. Whether it holds or breaks might provide insights into the market's confidence in the token. Enjoyed the analysis? Don’t forget to hit like, drop a comment with your thoughts, and share it with your friends.
by MonoCoinSignal
Shiba Inu price completed correction and will continue to grow ?We would like to believe that the Shiba inu price has already made an a-b-c correction as part of wave 4. But it's worth keeping in mind that a drop in the #SHIBUSDT price down to $0.00001350 - 0.000015 will still keep the upside scenario relevant. But probably most would like to see the price drop no longer fall so much, and for CRYPTOCAP:SHIB buyers to keep the price above $0.000020 and continue to grow with a medium or long-term target of $0.000075 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
2
SHIBA's correction will continueAccording to the structure of the waves, it seems that the SHIBA correction will continue. The correction has started from where we entered "START" on the chart. It seems that we are in an ABC or a more complicated pattern. Wave B looks like a triangle with only one wave left. We expect another downward wave from the red range. Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
3
SHIB ANALYSIS🚀#SHIB Analysis : Breakout and Retest 🔮#SHIB has broken out of a symmetrical triangle pattern in 6-hour timeframe The breakout of the symmetrical triangle pattern suggests a potential bullish move📈 Expect a bullish wave of around 40% in the coming weeks🐳 🔰Current Price:  $0.00002771 🎯 Target Price:   $0.00004388 ⚡️What to do ? 👀Keep an eye on #SHIB price action. We can trade according to the chart and make some profits⚡️⚡️ #SHIB  #Cryptocurrency #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
1
SHIBA: Important Pattern - UP or DOWN? 👀👇📉Hi Traders, Investors and Speculators of Charts📈 We observe an important pattern on Shiba Inu - the Flag Pattern, also known as the Pennant. From here, ONE KEY THING will give away where the price is going next. Make sure you know what to look for and don't miss it! Another altcoin to watch closely, is LTC where we recently saw a VERY bullish sign. Find it here: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:SHIBUSDT
by CryptoCheck-
1
Bullish Breakout After Forming Double BottomSHIB has found strong support around $0.00002640 , forming a double bottom pattern on the daily charts. This bullish reversal pattern suggests a potential trend reversal and a breakout to the upside. The price has already risen to $0.00002864 , which I view as a breakout sign. Resistance Levels to Monitor - The first hurdle for SHIB's bullish momentum lies at $0.00002960 . If the price can overcome this initial resistance level, it could pave the way for further gains. - The second resistance zone is between $0.00003050 and $0.00003200 , an area where many experienced traders are likely to take a profit. A successful breakout above this zone would be a significant bullish development. - Finally, if SHIB can surge past $0.00003200 , it could encounter resistance around $0.00003455 . Crypto Impact The overall health of the cryptocurrency market will significantly influence SHIB's price trajectory. If the current bullish momentum in the broader market wanes, SHIB's breakout attempt could falter. In a bearish scenario, SHIB could potentially fall back down to its support level around $0.00002375 .
BITSTAMP:SHIBUSDLong
by Z4F4R
1