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SHIBA INU / CORGIAI on CRONOS (0X32EEB46750283069EB997A18983B01233956F82D) in USDSHIBA INU / CORGIAI on CRONOS (0X32EEB46750283069EB997A18983B01233956F82D) in USDSHIBA INU / CORGIAI on CRONOS (0X32EEB46750283069EB997A18983B01233956F82D) in USD

SHIBA INU / CORGIAI on CRONOS (0X32EEB46750283069EB997A18983B01233956F82D) in USD

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SHIBCORGIAI_32EEB4.USD trade ideas

SHIBUSD Hidden Bullish Divergence on the 4H ChartHidden bullish divergence exists for SHIBA INU on the 4 hour chart. This is indicated by a higher low on the price chart while the RSI shows a lower low. This setup typically results in an increase in price. Of course, there are no guarantees, but I have observed this to be the case most of the time. If the price does move higher and the RSI crosses above the 50 line, the price could get back to the resistance level a around .00002940. SHIBA INU is still in a bull flag formation on the weekly chart. A significant break above .00002940 resistance could drive the price to the .00003200 to .00003500 range. It should be fun to watch.
COINBASE:SHIBUSDLong
by Zman1175
1
Understanding the High and Tight Flag (HTF) PatternThe High and Tight Flag (HTF) is a powerful yet risky chart pattern used in technical analysis to predict future price movements in stocks and cryptocurrencies. This pattern is characterized by a steep, nearly vertical price rise (the "pole") followed by a consolidation phase (the "flag"). Here’s why this pattern is both dangerous and potentially highly rewarding. Why HTF is Dangerous but Potentially Rewarding Dangerous Aspects: Volatility: The rapid price movement that forms the pole is highly volatile, making it unpredictable. False Breakouts: The pattern can sometimes lead to false breakouts, where the price appears to break out but then reverses direction. Psychological Challenge: Buying a stock or crypto near its peak after a significant rise can be psychologically challenging, leading to hesitation or impulsive decisions. Potential Rewards: High Gain Potential: If the breakout is successful, the price can continue to rise significantly, often mirroring the length of the pole. Strong Momentum: The pattern often indicates strong bullish momentum, attracting more buyers and driving the price higher. How to Identify and Trade the HTF Pattern Identification: Pole Formation: Look for a rapid price increase of at least 90% within a short period (typically two months or less). Flag Formation: After the sharp rise, the price consolidates, moving sideways or slightly downward. This consolidation should be tight, with the price range not fluctuating wildly. Trading Strategy: Confirmation of Breakout: Wait for the Breakout: Only buy when the price closes above the highest point of the flag. This confirmation reduces the risk of false breakouts. Entry Point: Buy: Enter the trade when the price closes above the pattern high. Stop-Loss Placement: Below the breakout: Place your stop-loss order just below the confirmation line protect against potential reversals. Shiba Inu (SHIB) Analysis Using HTF Pattern Let’s apply this analysis to Shiba Inu (SHIB) using the provided chart: Identify the HTF Pattern: Pole (AB): The chart shows a sharp rise in SHIB’s price, forming the pole from Point A to Point B. Flag (BC): After the steep rise, SHIB consolidates, moving sideways in a tight range, forming the flag from Point B to Point C. Confirmation of Breakout: The price needs to close above the highest point of the flag (Point B) to confirm the breakout, signaling a potential continuation of the uptrend. Trading Strategy for SHIB: Buy: Enter the trade when SHIB’s price closes above Point B. Stop-Loss: Place the stop-loss order just below Point B to limit potential losses. Key Takeaway and cognitive bias to be aware of: The High and Tight Flag (HTF) pattern, while risky, offers significant rewards if traded correctly. By waiting for a confirmed breakout, placing a stop-loss just below the breakout point (B), and setting realistic targets, traders can harness the power of this pattern. For Shiba Inu (SHIB), a successful breakout could signal a strong bullish continuation, offering substantial gains for those who enter at the right time and manage their risks effectively. However, traders should be aware of recency bias, which involves giving too much weight to recent events. For example, if SHIB has been rising sharply, traders might assume this trend will continue, ignoring historical data and any reversal signals. This is like assuming it will stay sunny because it has been sunny for the past few days, despite a forecast of rain. Recognizing and addressing recency bias, along with other biases, is crucial. Just as you wouldn't plan a long picnic based solely on recent weather, you shouldn't base trading decisions only on recent price movements. Balancing recent trends with historical context and a comprehensive strategy will help you trade more effectively. Wish you the best luck
BITSTAMP:SHIBUSD
by WayanEko
$SHIBUSD Accumulating Fabled GreatnessYess... While I can't put a lot of stock into a meme coin, the value here and Risk VS Reward proves that COINBASE:SHIBUSD can be a powerful ally in wealth generation. Recently COINBASE:SHIBUSD has been concentrating efforts into reducing its total supply which is equivalent to a penny stock with a short float. Supply has almost been cut in half from 1 Quadrillion coins to a little over half that. This being the case, when COINBASE:SHIBUSD runs next its likely run will be between 3-4 times its previous run. COINBASE:SHIBUSD is a 5Year plus hold and should be handled with great care. On this chart we can see the liquidity created by Shib way at the bottom. I fully expect a return to this level once more before it takes off and never returns. Returns on this shit coin can rival those of BTC or any of the best crypto rallies. COINBASE:SHIBUSD has no practical use, but FOMO has yet to hit this coin. Once it does, you wont want top be left behind. a 1000$ investment now will give you about 42 million shares. Calculate that when it hits .01 .10 or even 1.0!? Make your own decision.
COINBASE:SHIBUSDLong
by Midgar-
1
Remember that all cryptocurrencies rely on BitcoinEsteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own rules. As a supporter of the Elliott Wave Principle, I consider this methodology an invaluable tool for market analysis. After three years of personal experience, I have developed my approach by combining this principle with meticulous consideration of different market scenarios. I strive to avoid market surprises by maintaining a range of market prospects, which enables me to recognize the market structure forming with 100% accuracy. I am pleased to share my analysis with you, with the caveat that I do not provide buy or sell signals. My perspective on idea analysis is entirely impartial, and if my analysis meets your standards, it may serve as a guide to making an informed decision. For your reference and comparison, I have attached my previous analysis of the same market. All the details of my analysis are clearly labeled for ease of comprehension. Nonetheless, familiarity with the Elliott Wave Principle theory would facilitate an understanding of the analytical idea. My study of the Elliott Wave Principle took nearly three years, during which my understanding and experience with this invaluable tool have grown. My progress thus far is a testament to the legacy of Ralph Nelson Eliot, whose genius has provided the foundation for my achievements. May he rest in peace. I express my gratitude for your continued support and kindness, and welcome your comments and critiques. May my analysis be a valuable asset to your business journey, and I remain sincerely yours, Mr. Nobody First Analysis Shiba
COINBASE:SHIBUSDLong
by mehdi47abbasi79
2