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.
Shibusdtlong
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.
SHIBUSDT may head for 4h resistance around 0.00001320The price has hit daily support twice and both the times, it had a significant bounce to the next resistance zone. This second bounce currently trying to pierce through the resistance. With a bit of push back, I believe the price is going to move above the resistance zone and may aim for 4h resistance 2 zone.
SHIBUSDT likely to make another attempt at 4h resistance zoneThe price has hit the 4h resistance 2 finally as marked on the chart. However, it seems that pushed the price back under the resistance and it is trading below the resistance. There is a very high probability that it will make another attempt to hit and break this resistance at around 0.00001400 level
The previous 4h resistance (marked in chart as 4h resistance 1) is now acting as support and that made the price bounce from there on this push back from 4h resistance 2.
SHIBUSDT heading for next 4h resistance zone around 0.00001320The price has closed above the 4h resistance which was holding the price back for long. This kind of clears the way for move up to the next resistance zone. That resistance might not be that strong and price can then head for the next resistance level marked on the chart. A possible price path has been depicted. However, let us go step by step and then do the reevaluation of the next possible path. Therefore let us focus first on step L1.
SHIBUSDT heading again for 0.00001276, the 4h resistance levelPrice shot a bit up from the expected resistance level mentioned in the last post and also depicted in the chart as L2., however, it is pushed back to the level shown on the chart as S3. Now price has a likelihood of following the step L4 which will bring the price to the level 0.00001276 again. I will assess it again when the price is there.
SHIBUSDT heading again for 4h resistance zoneThe last post expected to break 4h resistance on the next attempt, however it did bounce from 4h support to 4h resistance, but could not break it and fell back again to the 4h support area. This time again it has found support there.
It is likely that the price will attempt to reach the 4h resistance region again. We evaluate the price action again as soon as the price reaches to the 4h resistance zone. That evaluation will guide the probability of the direction in which price is likely to move.
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.
ShibaInu Ready To Take offHello Everyone,
Right now as per the market structure and smart money concept techniques Shiba is under accumulation zone and underplay the Power Of 3 Pattern rule. since there are lot of confluences and we are not able to write down all of them in the description so making it all concise as much as possible.
high chances that Shiba can print 200% pump suddenly from no where.
the level has already been marked on the chart , we are waiting for the breakout atm, yeah it makes sense that overleverage traders will get rekt then it will start off , cause right now there is alot of plebs riding the pump..
wait for the best entry , shiba gives good rewards on spot holdings as well so why leverage ?
Disclaimer :
This information is only for entertainment & educational purpose and paper trades , we are not financial advisors but teachers
regards,
Hedgers Academy
SHIB/USDT Upward Velocity StartingSHIB/USDT has been losing for quite a while. It is getting perky for sure on the hourly chart, but also checkout the NICE upward channel its got going. NOT far from challenging the 4h 200ma. Might have the energy to get over and go go go.
Like many ALT's at the moment, the downtrend (for the moment) is bouncing.
A buy above 4h 200ma support, or a trailing take profit when it hits it - might be a play.
NOT financial advice! lol
Trading opportunity for SHIBUSDTBased on technical factors there is a Buy position in :
📊 SHIBUSDT
🔵 Buy Now 0.00000927
🧯 Stop loss 0.00000807
🏹 Target 1 0.00001050
🏹 Target 2 0.00001280
🏹 Target 3 0.00001770
💸RISK : 1%
We hope it is profitable for you ❤️
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Shiba 5th wave can start this weekhey guys
Shiba is in very good place to buy . I think.it can end the 4th wave of the last run and also end break the triangle this week.
on the other hand , it can make a Cup pattern the it past half of the way.
if you want to trade , Trade with your own risk.
this is just an idea.