pricepoint and timelinei calculated these pricepoints and timelines of the next leg up so that I can scalp at these price points. This should be highly accurate
SHIBBONE_FEAE31.USD trade ideas
SHIBAUSDT Falling Wedge Breakout?Falling wedge pattern, coming to an end.
RSI is less than 50 - Showing a current Downtrend.
It also signifys that it has a lot of potential for a pump.
It's currently in accumulation phase.
MACD shows a change in momentum coming around, with gradual volume loss on selling pressure, although still showing bearish
STOCH - Shows it is now entering the buy area <= 20
Not my usual indicator to go off, but overall looks prime for a good pump again, 7d and 25d MA's are currently below the baseline, with the baseline having an awkward kick upwards on the last couple candles.
DYOR as always
Shiba Inu Crypto: Riding the Wave of VolatilityThe world of cryptocurrency has always been a rollercoaster ride, and Shiba Inu (SHIB) is no exception. Over the past few weeks, SHIB holders have experienced a whirlwind of emotions as the price soared by a staggering 370% from its recent lows. Now, as the price consolidates tightly on the higher short-term support side, investors find themselves on the edge of their seats, eagerly awaiting the next move.
At the heart of this excitement is the formation of what appears to be a bullish bull pennant. This technical pattern is characterized by a consolidation phase following a significant price increase, forming a triangular shape resembling a pennant on a flagpole. In the case of Shiba Inu, this consolidation is occurring at higher levels, indicating strong support and a potential continuation of the upward trend.
However, while the chart may suggest a bullish bias, there's a crucial piece of the puzzle missing: volume. Volume is the lifeblood of any market, providing valuable insight into the strength and sustainability of price movements. In the case of SHIB, the current consolidation phase is accompanied by relatively low trading volume, leaving investors in a state of uncertainty.
Without sufficient volume to confirm the direction of the breakout, traders are left in a precarious position. Will SHIB break out to new highs, propelled by renewed buying interest and investor enthusiasm? Or will it succumb to selling pressure, triggering a downward spiral and erasing recent gains?
For now, the answer remains elusive, and investors must exercise caution. While the temptation to jump in and capitalize on potential gains is strong, it's essential to approach the market with a level head and a clear strategy. Risk management is paramount, especially in the face of uncertainty.
As someone currently holding a position in SHIB, the stakes are high. Watching closely for any signs of a breakout, whether to the upside or downside, is crucial. Setting stop-loss orders and defining profit targets can help mitigate risk and protect capital in the event of unexpected price movements.
Beyond the short-term speculation, it's essential to consider the broader fundamentals of Shiba Inu and its ecosystem. Launched as a playful experiment in decentralized community building, SHIB has captured the imagination of crypto enthusiasts worldwide. With its vibrant community, meme-inspired branding, and ambitious roadmap, SHIB has carved out a niche in the ever-expanding world of cryptocurrencies.
Yet, amidst the hype and excitement, it's essential to maintain a balanced perspective. Cryptocurrency markets are notoriously volatile and unpredictable, with fortunes made and lost in the blink of an eye. While the allure of quick gains may be tempting, it's crucial to approach investments in SHIB, or any other cryptocurrency, with caution and diligence.
In conclusion, the current consolidation phase of Shiba Inu presents both opportunities and risks for investors. With the potential for a bullish breakout on the horizon, accompanied by the uncertainty of low trading volume, careful observation and risk management are paramount. As the crypto community eagerly awaits the next move, one thing remains certain: the journey of Shiba Inu is far from over.
I hope his chart drawing make sense for you I am not good in explanation, but i am good at drawing a simple analysis chart prediction.
SHIB-USD 120 Fib Extension TargetsSHIB is finding support against the lower ascending triangle trendline and has completed its fourth wave. Fibonacci extension targets of .618, 1, and 1.618 outlined.
Entry ideas:
1. price action near rising lower trendline support
2. breakout of upper flat resistance trendline
3. retest of flat trendline support (after breakout)
DYOR - this idea is not intended to be financial advice.
-sobe_b52
Possible INV head and shoulders on 1 HR shib chartCan shib finally take off again or more do we have more down to go? We do seem to have a possible INV head and shoulders forming and it could rise again. Failure to do so will cause more downfall. DYOR.
SHIB Holders Realize Nearly $373 Million ProfitsShiba Inu ( CRYPTOCAP:SHIB ), the infamous meme coin, has captured the attention of crypto enthusiasts once again with a staggering 55% surge in its price on a weekly timeframe, hitting a year-to-date high of $0.00004567. While the cryptocurrency market experiences a wave of volatility, CRYPTOCAP:SHIB stands resilient, sustaining its gains and defying profit-taking pressures.
The recent rally in CRYPTOCAP:SHIB price coincides with Bitcoin and Ethereum's resurgence in 2024, signaling a broader trend of capital rotation within the crypto space. As investors seek alternative avenues for profits, meme coins like CRYPTOCAP:SHIB , along with AI, metaverse, and gaming tokens, emerge as attractive options for speculative investments.
Key Catalysts Driving SHIB's Rally
At the forefront of CRYPTOCAP:SHIB 's price surge is the relentless pursuit of ecosystem expansion by its lead developer, Shytoshi Kusama. Kusama's efforts to secure the listing of ecosystem token BONE on Binance have injected optimism into the CRYPTOCAP:SHIB community, fueling bullish sentiment and driving demand for the meme coin.
Furthermore, the recent burning of 13 billion CRYPTOCAP:SHIB tokens, worth $463,000, on March 9, underscores the commitment to reducing the circulating supply of SHIB, thereby potentially increasing its scarcity and perceived value among investors.
Navigating Volatility: Opportunities Amidst Challenges
Despite facing significant profit-taking activities, CRYPTOCAP:SHIB price managed to sustain above the psychologically important support level of $0.000030, signaling resilience and investor confidence in the project's long-term prospects.
Moreover, SHIB's ability to rebound from a notable dip on March 3, offering a lucrative "buy the dip" opportunity to traders, highlights the underlying strength and resilience of the meme coin amidst market fluctuations.
Looking Ahead: Potential for Further Upside
With £SHIB's weekly gains of 55% and a reduction in selling pressure as reflected by the decline in CRYPTOCAP:SHIB supply on exchanges, the meme coin is poised for further upside potential. As buying pressure continues to support SHIB's price momentum, investors anticipate a continued climb towards its year-to-date high.
SHIB could be moving up again!SHIBA INU looks semi bullish, I think if we have a break out we could push up to new recent highs. BTC needs to go sideways or up for this to happen in my opinion. We are curling up on over sold 8hr time frame. Not financial advice, DYOR.
Scoop Pattern? Based on the chart showing an hour-long sideways movement, you're identifying a clear Scoop pattern. In reviewing the chart:
1. There is a horizontal or sideways trend in the market, which is the initial stage for a Scoop pattern to develop.
2. There are candles that exhibit small real bodies or indecisive patterns like doji or spinning tops, which could represent the market's indecision phase.
3. A price decline follows, which could be due to traders who were expecting a price increase now selling off their holdings as they lose confidence in a potential upward move.
4. This price decline could then attract new traders who believe the price drop presents a buying opportunity, anticipating a subsequent rise in prices. If the price ascends above the level of prior indecision, it might indicate the beginning of a new uptrend; if not, the pattern might be considered unsuccessful.
Whether this is a genuine Scoop pattern and what it suggests for future market direction would depend on how the price action develops following these stages. It's key to watch for whether the price moves above the indecision phase, which would confirm the pattern and suggest a possible uptrend. Keep in mind, these patterns are indicators, not guarantees, and should be considered within the broader context of market conditions and other analytical insights.
SHIB Possible cup and handle it n the 1H chartPossibly have a cup and handle pattern forming and if so could make some decent profits. Just maybe we can achieve this?🤞 DYOR
DO NOT SELL SHIBA!! HOLD IT SHIBA ARMYArmy of investor Shiba if you are still holding.. stay on hold.. DO NOT SELL.
Should feel a massive pumps towards Shiba and soon we should be expecting x300-500x soon
Maybe more.
Do not sell. If you bought it in 0.00003000 area or lower.. hold it. Shiba is ready to lift off and we are in a bullrun state.
Do not sell until the new Year of All Time High hits as a new top.
Think of this a long term hold .. hold at least 1 year or maximum of 4 years
SHIBA is having a 2017 XRP moment!Shiba Inu (SHIBUSD) is on a remarkable 2-week rally that has already hit the November 2021 levels. Such a strong move is the start of year long parabolic rallies and the one coin that Shiba seems to be replicating is XRPUSD.
In fact it appears (on the 1W time-frame) that SHIB is copying XRP's 2014 - 2016 Bear and subsequent accumulation phases, which eventually led to the parabolic rally of 2017. As you can see XRP's start on this rally is very similar to Shiba Inu's today.
Is SHIB having a 2017 XRP moment?
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💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
ShibaInu 2-day chart📈 - New All Time High THIS MONTH⁉️🚨⁉️ShibaInu 2-day chart📈
New All Time High THIS MONTH⁉️🚨⁉️
Look at the similarities of the bull run2021 and bull run2024
If SHIB can keep that speed the ATH will be catched very soon dear shiba Army and Crypto Nation🚀
Increased volume looks healthy - record RSI has to be considered👀
Stay tuned for updates dear Crypto Nation😎
Comments💭, Likes♥️ & Follow🔗appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
DEATH-ROW-LOSS-OF-INCOME through smart money manipulation Shib and Bonk are one of the most powerful coins managed by smart money. They know when we buy and sell. So if you enter a trade with such coin, you better buy low.
Bull run for Shiba and feeling outperforming Shiba will go out of control
Trillions of dollars released is the big one..
Shiba will outperform other coins and Shiba will be the top
Shiba Inu Price Surged By 60% In Single DayThe recent surge in the price of Shiba Inu ( CRYPTOCAP:SHIB ) has caught the attention of many investors and cryptocurrency enthusiasts alike. In a single day, the value of CRYPTOCAP:SHIB surged by an impressive 60%, bringing it halfway to its all-time high value. This is a remarkable achievement for the meme coin which has been performing exceptionally well in recent times.
Several other meme coins have also been performing well in the past few days, with some even crossing their all-time high values. Weekly trading volumes for some of these coins have also surged by up to 3000%. However, Shiba Inu ( CRYPTOCAP:SHIB ) stands out as one of the top-performing meme coins due to its recent surge in value.
At present, CRYPTOCAP:SHIB is trading at $0.00004083, which represents a 70% increase in its value from the previous day. Over the past week, the price of CRYPTOCAP:SHIB has risen by an impressive 283%, with a trading volume of $13,338,944,678. This represents a massive surge in trading volume, compared to the $617.67 million trading volume recorded on February 28th.
Following the recent surge, CRYPTOCAP:SHIB has climbed up the rankings on CoinMarketCap to become the 10th most popular cryptocurrency, with a market cap of $22,869,329,619. This surge has pushed Shiba Inu's valuation to $25 billion, putting it in close proximity to Dogecoin's valuation of $27 billion.
The recent surge in the price of Shiba Inu ( CRYPTOCAP:SHIB ) can be attributed to several factors. For starters, Shiba Inu ( CRYPTOCAP:SHIB ) is the second-largest meme coin after Dogecoin, also known as the "Dog-Killer." Other meme coins such as Bonk and Floki Inu have also gained significant attention, contributing to the bullish market for meme coins, including $SHIB.
Another significant factor contributing to the surge in CRYPTOCAP:SHIB 's value is increased buying activity in the market. According to Spot-On-Chain, the founder of MakerDAO, Rune Christensen, recently purchased 7.41 billion CRYPTOCAP:SHIB worth 100K USDC on March 1st, which was responsible for an initial 60% increase in the coin's value. Later on, he purchased an additional 17.629 billion CRYPTOCAP:SHIB with 400K USDC, contributing to a further 20% increase.
The launch of CRYPTOCAP:SHIB Identity, which is designed to incorporate Self Sovereign Identity (SSI) into Shiba's projects, is another significant development that is expected to cause a surge in the value of $SHIB. This is scheduled to launch on November 1st, 2024.
In conclusion, the recent surge in the price of Shiba Inu ( CRYPTOCAP:SHIB ) is a remarkable feat that has caught the attention of many investors and cryptocurrency enthusiasts. While the value of CRYPTOCAP:SHIB seems to be slipping a little from its peak of $0.00004438 earlier, it remains to be seen what the future holds for this meme coin and whether it will continue to rise or fall.
Shib ready to breakout again, trend continuation tradeShib continues in a massive uptrend. We are now preparing to break out above the new resistance level. This is a trend continuation trade, playing breakout above resistance.
Buy limits set for breakout above the dotted blue line resistance. Lots of hype around this coin.
Stops below previous support. Trail stops as new swing lows form.
I am risking 5%, and selling 50% at 1:1 RR, to make this a zero risk trade at that point.
All aboard the SpaceShib, destination moon 🚀
Shib Charting from Oct 2021This has to be the most detailed chart I have done. I’m just sharing the chart in hopes someone finds some value in it.
SHIBA will run if BTC can hold still or go up....I have identified another bull flag consolidation, we have another target above if crypto stays bullish here. Not financial advice, DYOR
SHIBA INU 1st Target Hit! 2nd Target IdentifiedSHIB has gone on a real tear to the upside. We have hit the first target and I have laid out the second. Hard to say how fast it will get there. Not financial advice, DYOR.
SHIBA ROUND 2Here is a quick chart showcasing a beautiful MACD reversing above the water on the 1HR time frame for SHIBA and breakout occurring from it current flag formation. Should see a delicious pump here.
Shiba Inu's Meteoric Rise: SHIB Price Hits 2-Year HighIn the ever-evolving landscape of cryptocurrencies, few phenomena capture the imagination quite like the meteoric rise of meme coins. Among these, Shiba Inu ( CRYPTOCAP:SHIB ) stands out, not only for its adorable canine-inspired branding but also for its recent surge in value and burn rate. As the crypto community grapples with the implications of this unprecedented growth, it's crucial to delve deeper into the factors driving Shiba Inu's ascent and what it means for the future of the ecosystem.
The Surge in Burn Rate:
One of the most striking developments in the Shiba Inu ( CRYPTOCAP:SHIB ) saga is the exponential increase in its burn rate, soaring by an astounding 840% in a single day. This surge, as reported by Shibburn, underscores a fervent commitment among investors to reduce the circulating supply of CRYPTOCAP:SHIB tokens. By destroying 35.30 million CRYPTOCAP:SHIB tokens within 24 hours, prominent wallet addresses signal a concerted effort to instill scarcity and bolster investor confidence. However, this surge also prompts critical questions about the sustainability and long-term implications of such a drastic burn rate.
Implications for Price Dynamics:
The immediate consequence of Shiba Inu's burn rate surge is its catapulting price to a two-year high, accompanied by a remarkable 71.32% increase during the reporting period. Such exponential growth not only propels CRYPTOCAP:SHIB to the 11th position by market capitalization but also ignites optimism among meme coin enthusiasts. Yet, while the surge in price may elicit euphoria, it's essential to temper expectations and assess the underlying factors driving this rally.
Community Enthusiasm and Market Sentiment:
At the heart of Shiba Inu's meteoric rise lies the unwavering support of its community, exemplified by the surge in burn rate and trading volume. Wallet addresses actively participating in token burning underscore a shared vision of creating value through scarcity. Moreover, derivatives data analysis indicates a robust sentiment in the market, with open interest soaring by 83.33% to $77.97 million. However, amid the fervor surrounding SHIB's ascent, it's imperative to acknowledge the inherent risks associated with meme coins and exercise caution in navigating the volatile crypto landscape.
Challenges and Considerations:
While Shiba Inu's ( CRYPTOCAP:SHIB ) recent surge may paint a picture of unbridled success, it's essential to confront the challenges and considerations lying ahead. The Relative Strength Index (RSI) of the meme coin signals an overbought condition, raising concerns about a potential market correction. Moreover, sustaining momentum amidst regulatory scrutiny and evolving market dynamics poses a formidable challenge for Shiba Inu and its community.
Conclusion:
In the saga of Shiba Inu, the surge in burn rate and accompanying price rally epitomize the dynamism and unpredictability of the cryptocurrency market. While optimism abounds, tempered by caution, it's imperative for investors to maintain a balanced approach and stay attuned to evolving developments. As Shiba Inu ( CRYPTOCAP:SHIB ) continues to captivate headlines and reshape the crypto landscape, only time will reveal the true extent of its impact and sustainability.
This is a recap of my previous Shiba analysis My previous analysis proved fruitful as we're currently on a bullish market trend.
