Critical Moment for SHIB, AccumulationCritical moment, will SHIB break out of the parallel structure or will it cycle back down.
SHIB is currently forming a bullish candle on the 50 EMA. We must wait until the weekly candle prints.
SHIBUSD trade ideas
SHIB/USD daily chart analysisFor a bullish bias to remain intact, SHIB/USD should stay above the ascending trendline, ideally with support from the 50-day SMA and increasing Stochastic RSI.
For breakout confirmation, look for a close above the 200-day SMA, a breach of recent swing highs, and strong trading volume, all of which would reinforce the probability of an extended upward move.
Shiba Ready to Explode? Two Patterns Point to Massive VolatilityAltcoins like Shiba Inu are gaining momentum as Bitcoin edges closer to a new all-time high.
For Shiba, the last 135 days of price action on the 3-day chart reveal two significant patterns. First, an inverse head and shoulders pattern suggests that a breakout above the October 18 high could drive Shiba Inu up by 37.71%, reaching the upper level indicated on the chart. Additionally, over the last 30 days, Shiba Inu appears to be in a smaller rectangle-like pattern that would also trigger on a move above the October 18 high, signaling a potential 20.95% gain. Ideally, the market would trade sideways for the next 48 hours just below this key level, setting up an excellent risk-to-reward ratio for a breakout opportunity.
What’s your take on Shiba Inu’s potential?
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Shiba INU ... 54% return expected in short terShiba INU is forming right shoulder and almost on verge of giving breakout any movement from here will get 54% return on investment
Enjoy the ride Targets are mentioned in the chart.
Gk
GK trade Manthan
Stock Analyst by Passion
G as a flat is finishing.Watch out, apparently, C of the flat, the final leg of the diametric will be forming until next week.
Shiba Inu on the Brink: Major Breakout or Collapse Incoming? SHIB at a Crossroads: Will It Fly or Fall?
Shiba Inu is sitting at a key support level around 0.00001704, and the next move could set the tone for what’s coming. If buyers step in and push the price past the resistance zone around 0.00001899, we could see a rally toward 0.000020568 and even 0.000024525.
However, if the current support fails, sellers could gain momentum and drive the price down to the 0.000008667 zone. Right now, SHIB is moving within a narrow range, and the next few days will be critical.
Watch for strong volume to confirm a breakout or breakdown—either way, a big move is on the horizon.
If you found this analysis useful, don’t forget to like, comment, and follow for more updates and insights.
Mindbloome Trading/ Kris
Trade What You See
Shiba Inu Burn Rate Explodes by 6750%- $SHIB to $0.01 Realistic?The Shiba Inu Burn Rate recently rocked by a staggering 6750%. With nearly 27.1 million coins taken out of circulation in a single day, this development has reignited bullish sentiments and heightened expectations among investors hoping to see the token soar to its long-anticipated $0.01 price target.
Burn Rate Surge and Ecosystem Growth
The Shiba Inu burn rate has long been a key factor in market optimism for the token's future. The recent uptick marks another significant milestone, with the supply steadily decreasing. According to Shibburn data, the total circulating supply now stands at 589.26 trillion coins. This burn activity exemplifies the fundamental economic principle of supply and demand, where a shrinking supply combined with sustained demand can create upward price pressure.
Shiba Inu’s ecosystem is also growing in prominence. Its Layer 2 solution, Shibarium, continues to see rising activity. Shibarium has sparked enthusiasm, as its growth signals the potential for further adoption and utility within the network. Such developments draw parallels to the meteoric price rally witnessed during Shiba Inu’s historic bull run in 2021.
However, despite this burn surge, Shiba Inu's price dipped by 2.5% to $0.00001806 at the time of writing. The broader market correction has tempered short-term optimism, but long-term prospects remain intact thanks to the ongoing token burns and ecosystem expansions. Prominent figures within the SHIB community, such as marketing lead LUCIE, continue to advocate for the $0.01 target, although they acknowledge that patience will be required for the coin to reach that level.
Technical Analysis
From a technical perspective, Shiba Inu ( CRYPTOCAP:SHIB ) is trading within a weak channel, struggling to maintain momentum. The Relative Strength Index (RSI) currently sits at 38, signaling that the asset is in oversold territory. This could indicate that a potential reversal is on the horizon, especially as the token attempts to break through key resistance levels.
The chart shows that CRYPTOCAP:SHIB recently broke down from a rising wedge pattern, which is traditionally seen as a bearish signal. The falling wedge pattern suggests that a period of consolidation might be imminent before a strong upward movement. The next significant resistance is at the $0.00002 pivot point, which could act as a springboard toward $0.00002174 — the token’s one-month high.
A move toward the $0.000021 mark would likely attract a new wave of buyers, potentially triggering a fresh rally. For the bulls to regain control, though, significant token burns will be essential to reduce supply and increase scarcity. The 50, 100, and 200 Moving Averages also present a mixed outlook, indicating further consolidation might occur before a definitive trend emerges.
Shiba Inu's Historical Significance and Outlook
The Shiba Inu token ( CRYPTOCAP:SHIB ) holds a unique place in cryptocurrency history as the first "mascot" coin to be involved in such a large-scale charitable act. Vitalik Buterin, the co-founder of Ethereum, made headlines in 2021 when he donated a massive amount of CRYPTOCAP:SHIB to the India COVID Relief Fund, a move that remains one of the largest crypto donations ever. This philanthropic association with CRYPTOCAP:SHIB has elevated its status in the eyes of the crypto community.
Looking ahead, CRYPTOCAP:SHIB ’s path to the $0.01 price target will largely depend on several factors: the continued burn rate, ecosystem development, and broader market trends. While it remains a long road, the strong community backing and recent technical signals suggest that Shiba Inu ( CRYPTOCAP:SHIB ) could once again surprise investors with a sharp upward trajectory, provided the burn rate continues at its current pace.
In conclusion, Shiba Inu’s recent burn rate explosion is a bullish signal for its long-term prospects. Although the token faces immediate challenges due to technical resistance and market corrections, the fundamental outlook remains optimistic. Investors should closely monitor key levels such as $0.000021 and $0.00002 for signs of a potential breakout. As always in the volatile crypto space, patience and a careful eye on both fundamentals and technical indicators will be crucial to navigating the journey toward $0.01.
SHIBA INU at a Critical Level (Daily to 30-Minute Time Frame)As requested by a follower, here’s the follow-up to my last chart. SHIB is now sitting at a critical 0.0000177 support level. Will it hold, or are we heading lower to 0.00001666?
Key Levels to Watch:
Support: 0.0000177
Bearish Target: 0.00001666
Current Trend:
If buyers hold 0.0000177, we could see a rebound toward higher levels.
If sellers increase pressure, expect a drop to 0.00001666 before any potential reversal.
What to Watch:
Monitor volume—bulls need to step in soon.
Keep an eye on the 30-minute chart for signs of a bounce or breakdown.
Appreciate your engagement. Let me know if this helps. Bullish or bearish, what’s your take?
MB Trader
Trade What you see
SHIBA on the Edge of a Breakout—Can Bulls Break the Barrier?Yello, Paradisers! Are the #SHIBA bulls about to break through? The price is gaining momentum, and we’re nearing a key moment for this meme token. Let’s break down the critical levels you need to watch.
💎#SHIBUSDT is currently attempting a breakout from a triangle pattern, with bulls aggressively challenging the supply zone between 0.00001860 to 0.00001890. This area has been a stubborn resistance since late September, with every test leading to a retracement. For SHIB to build a sustained bullish run, it’s crucial for bulls to break above this supply zone.
💎If the breakout succeeds, we could see SHIB quickly rally towards 0.000020 as the first target, followed by the pattern targets at 0.0000212 to 0.00002150. However, keep in mind that this range also coincides with higher-time frame resistance, so some profit-taking is expected here.
💎On the downside, SHIB has robust support between 0.0001710 to 0.00001680. This zone includes multiple layers of support, making it difficult for sellers to push the price lower. Expect this region to act as a strong defense against any bearish attempts.
Paradisers, remember, trading is a game of patience and discipline. Stick to high-probability setups and follow your strategy carefully to stay ahead in this market!
MyCryptoParadise
iFeel the success🌴
SHIBA INU at Key Support: Will We See a Bounce or Breakdown?Evening Trading Family
Shiba Inu (SHIB) is at a pivotal moment as it hovers around a key support level. Traders are closely watching for the next big move.
Quick Overview:
Shiba Inu, one of the most popular meme coins, has seen significant growth and strong community support. Now, it's testing an important support zone, which could determine its next direction.
Upside Potential: A bounce from 0.0001764 could push SHIB toward 0.0001789, and if momentum builds, further gains up to 0.0001829 are possible, setting up for a potential breakout.
Downside Risk: If SHIB fails to hold support at this level, a move down toward 0.0001736 and possibly 0.0001701 could be on the horizon.
Be prepared for a high-volatility scenario as SHIB tests these crucial levels.
Happy Trading
MIndbloome Trader
Shiba INU - Ready for 80% Run ??Shiba INU is at very sweet spot.... any movement from here can give 80% return ...
It has all possible bullish formation that can give a big bull run !!! Keep a watch everything is mentioned in the chart, read it carefully :-)
SHIB/USDT (Shiba Inu) - 4-hour timeframe - RSI 1. Price Action:
Current Price: SHIB is trading around 0.00001693 USDT. It is currently moving along an upward trendline after a sharp pullback from the recent local high near 0.00001900.
Uptrend Support: There are two upward trendlines:
One is more short-term, providing immediate support close to the current price.
The other trendline is more long-term, extending from the lows around 0.00001200 from July, offering stronger long-term support.
The price has bounced off the more recent trendline multiple times, indicating that buyers are stepping in to defend these levels.
2. Support and Resistance Levels:
Resistance:
The first resistance is near 0.00001750–0.00001800, where the price has been rejected multiple times in the recent past.
A stronger resistance lies around 0.00001900, where SHIB faced its most recent peak before pulling back.
Support:
The short-term support trendline is around 0.00001670, which SHIB has respected during recent corrections.
The longer-term support level is around 0.00001400, where there is also a horizontal support zone.
3. RSI (Relative Strength Index):
Current RSI: The RSI is at 46.69, slightly below neutral. This indicates that SHIB is not in overbought or oversold territory, meaning the price could move in either direction.
RSI Trend: The RSI has been declining from overbought conditions (above 70) after the recent price rally. If the RSI continues to drop below 40, it may indicate increasing selling momentum.
4. Potential Scenarios:
Bullish Scenario:
If SHIB holds above the short-term trendline (around 0.00001670) and the RSI bounces higher, there is potential for the price to test the resistance at 0.00001750. A break above this could push SHIB toward 0.00001900, where it last faced rejection.
Volume Confirmation: Increased buying volume would confirm the potential for an upward move, signaling that buyers are stepping in.
Bearish Scenario:
If SHIB breaks below the short-term trendline, it could retest the stronger support around 0.00001400, where the longer-term trendline and horizontal support align.
RSI Below 40: A continued decline in RSI below 40 would indicate increasing selling pressure, confirming a potential bearish scenario.
Neutral Scenario:
SHIB could continue consolidating between the 0.00001700 support level and the 0.00001800 resistance level, trading in a range as market participants wait for a clearer direction. This scenario is supported by the neutral RSI and the general consolidation pattern.
5. Key Trading Signals:
The chart also shows RSI-based entry (RsiLE) and exit (RsiSE) signals. Currently, an RsiLE (buy) signal was triggered recently, suggesting potential upward momentum based on the RSI levels. However, since the RSI is still in neutral territory, this signal might not be as strong without additional confirmation from the price action.
6. Conclusion and Strategy:
Current Bias: Neutral to Slightly Bullish
SHIB is holding above the short-term trendline, suggesting that buyers are defending this level. The RSI is neutral, indicating that the market could move in either direction.
Key Levels to Watch:
Resistance: 0.00001750–0.00001800, followed by 0.00001900.
Support: 0.00001670 (short-term trendline), 0.00001400 (long-term trendline and horizontal
support).
Strategy:
Consider a long position if SHIB holds above 0.00001670 and starts to show signs of strength, with a potential target around 0.00001750 and 0.00001900. Use a stop-loss just below 0.00001650 to minimize risk in case of a breakdown.
For a short position, consider entry if SHIB breaks below 0.00001670, with targets around 0.00001400, and set a stop-loss above 0.00001700 to protect against a false breakdown.
In summary, SHIB is at a critical juncture. A breakout above resistance or a breakdown below support will determine the next major move, with the trendlines providing clear guideposts for traders.
SHIB 25-28% Gains imminentAccending triangle formed,
support formed at .1706+- level,
Needs to hold over .1720 +- over the next day or so and continue up the trendline.
Resistance at .1840 level,
Second key level of resistance at .2000,
Target price .2100
Timeframe over the next 10 days,
SHIB/USDT (Shiba Inu) price action1. Price Action Overview:
Current Price: SHIB is trading around 0.00001753 USDT after a recent pullback from its local high.
Recent Spike and Retracement: SHIB had a sharp upward move, but it faced resistance near 0.00001900. After hitting this resistance, the price retraced back to the current level. Now it’s consolidating while testing support and trendline areas.
2. Support and Resistance Levels:
Resistance Levels:
0.00001900: The price faced resistance around this level after the recent upward spike.
0.00002000: This is a psychological resistance zone and a key level to watch if SHIB breaks higher.
Support Levels:
0.00001700: This is a support level where the price is currently holding. It is also supported by an upward trendline (blue line).
0.00001500: If the price fails to hold the current support, the next level to watch is around 0.00001500, where there’s additional support from both a horizontal level and a rising trendline.
3. Trendline Support:
SHIB is currently testing support from an upward-sloping trendline, which has been respected multiple times. As long as SHIB stays above this trendline, the broader trend remains bullish.
Confluence of Support: The trendline support and the 0.00001700 level provide a confluence of support, making this a key area to watch for either a bounce or a breakdown.
4. Volume Profile:
High Volume Nodes (HVN): The volume profile on the left indicates significant volume around 0.00001600–0.00001700, which aligns with the current price area. This suggests that there’s buying interest at this level, and it could act as support.
Low Volume Areas (LVA): Above 0.00001900, the volume tapers off, meaning that if SHIB breaks above this level, it could rise quickly toward 0.00002000.
5. RSI (Relative Strength Index):
RSI at 47.45: The RSI is near neutral but slightly rising from oversold territory, indicating that the selling momentum has eased, and a potential reversal could be in play.
Previous RSI Behavior: When the RSI has been in oversold levels (below 30), SHIB experienced a bounce, while overbought conditions (above 70) led to corrections. Currently, the RSI shows room for upward movement before becoming overbought.
6. Moving Averages:
50-period and 100-period Moving Averages: The price is trading near the 50-period moving average (blue), which has acted as a dynamic support level. If the price holds above the 50-period MA, this could signal a continuation of the uptrend.
7. Potential Scenarios:
Bullish Scenario (Bounce from Support):
If SHIB holds above 0.00001700 and the trendline support, it could retest resistance at 0.00001900.
Next Targets: A break above 0.00001900 would target the 0.00002000 psychological level, with the potential for further gains if there’s strong buying volume.
Bearish Scenario (Breakdown Below Support):
If SHIB breaks below 0.00001700 and the trendline, the next target is 0.00001500, where the next support lies. A break below 0.00001500 could lead to a deeper correction toward 0.00001300.
Neutral Scenario:
If SHIB continues to consolidate around 0.00001700–0.00001800, it could remain in a range-bound state, with the next significant move being dictated by broader market conditions.
8. Conclusion and Strategy:
Current Bias: Neutral to slightly bullish as SHIB is holding above key trendline support and the RSI is indicating potential for upward movement.
Key Levels to Watch:
Support: 0.00001700 (current level) and 0.00001500 (next strong support).
Resistance: 0.00001900 and 0.00002000.
Strategy: Consider a long position if SHIB holds above the 0.00001700 support, with targets at 0.00001900 and 0.00002000. Use a stop-loss below 0.00001700 to minimize risk in case of a breakdown.
Overall, SHIB is at a critical juncture, and the next few candles will provide more clarity on whether it can bounce off the support or see further downside.
SHIB USD forming ascending triangle, then back to key resistanceSHIB USD forming ascending triangle, then back to key resistance
Key resistance levels are;
.00001760~
.00001843~
.00001929~ (last retracement before turning back down again)
Analysis of Shiba Inu (SHIB) to USD based on the provided 6-hourCurrent Price: Shiba Inu is trading at 0.00001890, showing a decline of 3.05% on the day.
Recent Movement: The price has recently experienced a short-term upward spike, followed by a retracement.
Technical Indicators:
Heikin Ashi Candles: Heikin Ashi candlesticks are smoothing out price action. While some bullish movement is visible, the recent pullback suggests indecision and potential retracement after the spike.
RSI (Relative Strength Index): At the bottom of the chart, the RSI (Relative Strength Index) is at 61.79, which indicates the price is approaching overbought conditions but not yet extremely so. Typically, an RSI above 70 signals overbought conditions, while under 30 indicates oversold. SHIB is nearing an overbought range, meaning further upward potential may be limited in the short term unless there’s strong buying momentum.
Support and Resistance Levels:
Key Resistance: The immediate resistance level is likely around the 0.00002000 level, which is psychological resistance and also aligns with the recent high.
Support Levels: There is a rising blue trendline, providing support in the longer term. This trendline, which extends from previous lows, currently sits much lower around 0.00001200 and represents a major level of support. A pullback toward this area could present a good buying opportunity for longer-term investors.
Moving Averages:
200-Period SMA: The 200-period SMA is not displayed in the chart, but the support levels from the rising trendline could act similarly. A sustained move above the recent highs will be crucial for validating the continuation of a bullish trend.
Market Sentiment:
Bullish Speculative Interest: The spike suggests that speculative interest is growing for SHIB, likely due to retail investors looking for short-term gains. However, such spikes are often followed by corrections, so traders should be cautious about jumping in at the current price.
Risk Management:
Stop-Loss: If you decide to go long, consider placing a stop-loss below the rising trendline (around 0.00001200) to minimize potential downside risk.
Take-Profit Levels: For short-term traders, if the price breaks 0.00002000, aim for take-profit targets around 0.00002500 or higher.
Short-Term Strategy: Neutral until there's a breakout or a pullback to support levels. Go long only if the price breaks above 0.00002000 or dips to strong support.
Long-Term Strategy : Long, as long as SHIB holds the rising trendline and support levels. Consider accumulating on dips.
Conclusion:
Short-Term: SHIB is showing bullish momentum, but the recent pullback requires caution. Watch for a breakout above 0.00002000 or a dip back to support levels near 0.00001500–0.00001700 to potentially take new positions.
Long-Term: The long-term outlook remains bullish as long as the price holds above the blue rising trendline and key support levels.
This analysis suggests watching the price action closely to confirm whether the recent bullish momentum will continue or if a deeper pullback is imminent.
Can SHIBA have its 2020/21 DOGE moment??Shiba Inu (SHIBUSD) is making a strong bullish case this week as not only did it break above its 1W MA50 (blue trend-line) for the first time since mid-August but is also testing the Top of its 7-month Channel Down, all while being supported by the 1W MA200 (orange trend-line).
This Channel Down is, on the larger scale, nothing but a Bull Flag, the kind of pattern that precedes aggressive rallies and bullish extensions. In fact if we compare Shiba's Cycle since its October 2021 Top, we see strong similarities with Doge's (DOGEUSD) true expansion Cycle in 2018 - 2021, where it achieved its strongest recognition/ adoption. An (a) top led to a (b- f) Channel Down that priced the Cycle's bottom and after a 1W Golden Cross, it formed the Bull Flat that SHIB is in right now, which initiated its hyper aggressive parabolic rally to the Cycle Top.
As a result, being still below its 0.5 Fibonacci retracement level, Shiba is massively undervalued in cyclical terms and technically if the Bull Flag breaks to the upside, the rally that will follow can target the 1.5 Fibonacci extension at 0.00035, just like Dogecoin did in January 2021.
Do you think it will replicate this pattern or the market cap would be unrealistic?
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💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Buy?!For all those interested in the Shiba Inu currency, on the four-hour frame, there is a high probability of a bullback after that, and then an upward move to the specified area only. This is an analysis, not a recommendation.
SHIBA looks to be finally gaining some ground!After three wedges failed to produce a breakout, and with price action continuing downward, creating a very defined price channel, SHIBA has, for the first time since forming the massive breakout flag pattern, broken out of the current wedge to the upside.
This could be a sign of good things to come!
Good luck, and always use a stop loss!
Shiba Inu: Long-Term Trading Outlook with Key LevelsAnalyzing Shiba Inu for potential long-term trading opportunities. The red and green lines on the chart highlight crucial zones where price most probably could react, offering insights for both bulls and bears. These levels may be the key to understanding where the market could head next. Curious about how these lines are drawn?
Feel free to drop your thoughts in the comments, and follow for more in-depth analysis!
Disclaimer: This is not financial advice. Always trade responsibly!
Looking For A Crypto_Coin About To Do A 5x Boom in 2024... Come Join me as I dive into the world of crypto and spot the coin that's just about to do a 5x surge soon!
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If you're an investor looking for the next breakout star in the crypto space, you won't want to miss this analysis. We'll dive deep into the fundamentals of this coin, discuss its unique features, and share insider insights on why it's gaining traction among investors.
Whether you're a seasoned trader or new to the world of crypto, this video will provide you with valuable information to make informed decisions.
Join us as we explore market trends, expert predictions, and the potential risks and rewards associated with this investment.
Don't forget to like, subscribe, and hit the notification bell for more updates on cryptocurrency trends and tips! Invest wisely, and let's uncover the potential of this promising coin together! #Crypto #Investing #CryptoExperts #5xCoin #Cryptocurrency #InvestSmart #CryptoAnalysis
Final legThis would be the best path and in mid September around 0,000088 buying Shiba seems quite reasonable.
