SHIBUSDTBINANCE:SHIBUSDT LONG
⚠️Note:
In this type of signals, only the entry point and trade direction are specified, and stop loss and target are not determined.
If you are interested in entering these signals, please provide a stop loss and a logical market-based target.
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
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Shibusdtlong
SHIB/USDTAs predicted in the previous analysis, the price has successfully exited from the top of the triangle (downtrend line) and we have to wait for the touch of the first target and then the pullback to the range of the ceiling of the ascending channel and the broken downtrend line.
I recommend that the specified loss limit be observed and if the loss limit is maintained, reduce the average or buy. DYOR
SHIBUSDTBe prepared for the final and upward wave of BINANCE:SHIBUSDT . Entry and exit points have been identified on the chart.
"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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shib long on breakout Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
The fall will continue around 0.000008540 but don't worry.I don't want to make a bad analysis about Shiba, which is a very energetic meme coin with buyers and big whales, but it needed a correction a long time ago. Anyone who drew a trend line knew this easily. But the good news is that once the fall is over, it can be a fast start again.
Analysis: because the price has been broken, a fall has occurred, and if it breaks 0.000009972 again, we will have a fall to the price of 0.000008540. And if the downtrend ends there, we will have a quick rise to 0.000009972, which will make a pullback and then continue its growth as before. It should be mentioned that the red line is the trend line in the weekly time, where the fall ends, and that is where you can make the best purchase. Good luck.
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 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.
SHIBUSDT to bounce from weekly support towards 0.00001095SHIBUSDT has hit the daily support. However, the weekly support is also sitting very close under this current daily support. A possibility to visit the weekly support level cannot be ignored. I will expect a bounce towards the 4h resistance level around 0.00001095. By the way, if patient, price hitting weekly support will give a better long opportunity.
SHIBUSDT hit again weekly support, next leg up to next resist.The price has found support at weekly level once again. Though it has been tested several time, I am inclined to give it one more chance and expecting the price to bounce again here at least to the next resistance zone which I see as 0 00001207. But thas not very prominent one and the price might see a bit of pullback there but will then head to 0.00001226. And if the momentum and strength is not exhausted then after experiencing a pullback here the price will head for 0.00001240. But I think lets have our target as 0.00001226 first and 0.00001207 as a pivot for moving our stop loss to the entry point. That means once the price hits 0.00001207, the stop loss must be moved to the entry point.
SHIBUSDT hit 4h support zone, likely to head to 0.00001268 levelThe price has hit 4h support zone. I would expect the price to bounce from here and lead us to at least 0.00001268 and probably upto 0.00001276 level. This is again trade against the local trend and that is why the gain as well as the loss possibilities are narrow.
SHIBUSDT likely to head up to 0.00001286How about this idea for a quick scalp of 1.5%-2%. Price has found support on the previous 4h resistance turned support zone. The price might follow through after that but lets focus first on this scalp and then we will see how we go from there if we achieve that target.
SHIBUSDT to head for next resistance zone around 0.00001310SHIBUSDT is showing strength after consolidating under the 4h resistance zone. Now the price is trading inside the resistance zone and is likely to head towards next resistance zone around 0.00001310. The price might follow the path L4, S5 and L6 as depicted in the chart.
SHIBUSDT to head again for 0.00001276 levelThe price has almost hit the smaller time frame support just sitting above daily support. It might still go and touch that support. But after that the price shall very likely follow the path L5 as shown in the chart. This definitely will make a case for visiting the 0.00001276 level once again which was the target of the original post.