UPDATE: The Puppy is running!An update to my previous post concerning SHIB, which was on the verge of a breakout from it's long term down trend. Not only did it breakout of the trend, it continued in a new uptrend until finally going parabolic Saturday evening (8/13/22). Good stuff! I've included a projection of where I think it might go next based on some analysis of fib extensions from the previous run up. There's a long way to go, but with crypto these things can run fast and hard. And crash as equally hard.
SHIBPERP trade ideas
Weekly Market Forecast Ep.47The JPY is still strong for next week expecting XXXJPY to sell off, the USD will weaken for the first two days and gain strength from Wednesday with the FOMC. From a Technical aspect, XXXJPY is correcting and USDXXX is completing the correcting and getting ready for a rally, and the opposite for USDXXX we have to see a drop maybe not massive.
Double downThe dog has been caged for too long. The ascending triangle pattern we find our-self in is a great indicator for a trend reversal. Yesterdays candle is what is enticing me to double down here. I am personally using a tight stop for this trade and going for the 1st take profit . Then, opening a trade with the loose stop and lower entry if I get stopped out. You can adjust accordingly due to your trading style.
Happy Trading!
Dashed Red Line = Tight Stop
Solid Red Line = Loose Stop
Dashed Green Line = 1st Take profit
Solid Green Line = 2nd Take Profit
Purple Line = Trading Range/Pattern
$shib Inverse Head and Shoulders UpdateThe thesis is still forming and as of writing shib is up 9-10%. The shiba inu card game seems to be in beta and has been released in Vietnam. I don’t want the headlines to confuse people, but I believe it’s only in beta. The candles are still holding strong and marching forward. Sooner or later the bulls always go on parade.
SHIB is ready for recoveryRemember the addage "the longer the base, the bigger the boost?"
SHIB and other cryptos have fallen along with tech and now tech is making a return
NVDA is seeing new investment and we appear to be seeing a recovery in cryptos
there's been a long flat base for the last 4 months and a doji on the monthly indicating a reversal
Weekly $Shib MACD Turns GreenI can say that I’ve been waiting for this Moby Dick to appear. The momentum for crypto is happening again with BTC touching 24k again. It’s the time to make your own power move. Listen to your own voice and decide how you want to play the rest of the year. At the same time, I’m done listening and watching the devs of the shib token dangling Shibarium and Shib Eternity. I’ve done my due diligence and will be happy when crypto is more ubiquitous. Thank you for reading my musings on here. Cheers!
Rainbow BridgeHello traders and investors,
My chart shows the Weekly MACD turning green, and the support for shib is above the 50 DMA, 100 DMA, and and 200 DMA. I’ve been tracking an inverse head and shoulders forming. There are some zones that will invalidate that thesis; but so far, the steady growth and support shows a steady uptrend that can flip most lines of resistance. Let’s see how high the RSI moves before cooling off.
FTX:SHIBUSD
Is this what everyone is excited about...😆Maybe
Maybe not
It will definitely go up.
Just how high will it go is the question.
It's really up to the traders.
Bitcoin and Ethereum will need to go up at the exact same time for a big momentum boost.
Bitcoin 28k
Eth 2000-2200
Shib .00005 to .00006
In sequence at the same time.