SHIBUSD trade ideas
SHIBU BULLISH - SHORT TERM JUMPBased on the technical signals, we're expecting a 5-15% bullish run that coincides with our Ultra Bull signal. These signals are designed to identify institutional support in the near term. Overall outlook is somewhat bearish, but this could be an interesting swing trade.
Based on the trading chart for SHIB/USD on the 1-hour timeframe from Coinbase, here is a technical analysis:
Trend Overview:
- The chart shows a general downward trend for SHIB/USD over the past several months, with the price consistently declining from late April through mid-August.
- The presence of multiple "ULTRA BEAR" labels indicates a strong bearish sentiment during this period, as the price continued to drop with little to no significant bullish reversals.
- There are a few instances where "ULTRA BULL" signals appeared, but they were short-lived and did not significantly change the overall bearish trend.
Technical Indicators:
- All three moving averages (EMA, SMA, VWMA) are showing values around 0.00001414, 0.00001413, and 0.00001413 respectively. These averages suggest that SHIB/USD has been consolidating at these levels recently, but the overall trend has remained bearish.
- MACD (Moving Average Convergence Divergence)**:
- The MACD value is extremely low at 0.00000002, which might indicate a lack of momentum in either direction. The MACD histogram also suggests minimal bullish or bearish momentum currently, aligning with the sideways movement seen in the last part of the chart.
Backtesting and Performance Summary:
- The backtesting section shows a net profit of $63,957.81 USD (6.40%) with a profit factor of 1.99. This indicates that while the strategy was profitable, it involved significant risk as evidenced by a maximum drawdown of $37,610.82 USD (3.62%).
- The average trade is worth $1,827.37 USD, with an average trade return of 1.83%. This suggests that the trading strategy applied has been more consistent with small, but positive gains.
Key Observations:
- **Bearish Dominance**: The consistent appearance of "ULTRA BEAR" labels reinforces the dominant bearish trend. The few "ULTRA BULL" signals indicate minor, short-term recoveries but are not enough to reverse the overall trend.
- **Consolidation Phase**: In the latter part of the chart, there seems to be a phase of consolidation where the price is moving sideways, with the price struggling to move above the resistance levels.
- **Potential Reversal**: The last "ULTRA BULL" signal around mid-August suggests a potential, though tentative, shift towards a bullish phase. However, this would require further confirmation by breaking key resistance levels and seeing sustained upward movement.
Conclusion:
The overall sentiment for SHIB/USD remains bearish, with occasional short-term bullish signals that have not yet resulted in a trend reversal. Traders should be cautious of the current consolidation phase, and any significant movement above the resistance levels would be needed to consider a bullish trend. For now, the prevailing bearish sentiment suggests that downward pressure may continue unless a strong reversal signal emerges.
4 to 1 Reward vs. Risk $500 SHIBA TRADE AT 20X.Shiba Inu is very popular in Japan, and with the economy spiraling into the depths of despair in Japan right now, it's only a matter of time before the Japanese people will be flooding into assets in an attempt to preserve their buying power. I think Shiba Inu will be one of the beneficiaries of this coming flight to safety.
Don't follow my trades; come up with your own ideas. Don't be a follower—be a trailblazer!
Good luck!
SHIBA INU will make some incredible gains in the coming months.SHIBA INU is going to make some incredible gains in the coming months. This coin is very popular in Japan, and as the Japanese Yen continues to lose value, the remaining buying power will seek after assets to preserve capital.
Watch SHIBA INU as a sign for what's coming to XRP, as XRP will follow.
Enjoy!
Shib will rocket!This could be the very bottom of the most volatile ride you will take in a while; news sources say we must break 0.000019 in order to reach 0.000020s and the 0.000030s. I recall seeing volume in the trillions of dollars for the past 5 months, this is a rocket being fueled in its baby stages of growth. Shib will rocket because Bitcoin will continue to dominate in this changing economic system. Please take a brief moment to review this simple chart analysis. This is not financial advice; I am simply speculating and adding up the numbers. Invest your own money at your own risk.
SHIB Up Up Up and Away Only Believers Will be Here to StayPrice has been pushing up for a few days now and this has been great. I am still conducting research and analyzing SHIB, but do have some thoughts currently. I am thinking, SHIB is likely to continue higher after it has a decent pull back. This might happen at the 0.000015 to 0.00002 lvl. There are those that likely bought at 0.000006 or somewhere near here and will likely keep holding as long as price keeps pushing higher. If price starts ranging or has a strong push lower, there will be a lot of people who might get shaken out. Now if and when price starts pushing higher, there will be those that have been holding SHIB for a while, who will likely exit because they want to get away from the regretful feeling of getting in and having to hold for so long, to those that just want to breakeven. After these players are shaken out, I am thinking, that once price starts pushing higher (because the players that want to be in for the long haul will take the price drop as a discount to buy more) price will push back near the 0.00002, the hype might start increasing and people will come in and likely pump it up to around 0.00005. Once this happens, there will likely be another drop, to around the 0.00003 lvl, and then another pump to 0.00005. Once this is cracked, there will be a lot of news about how SHIB could drop another 0, price will pump up a little higher, then FOMO will start hitting the coin. If this happens around or near the BTC halving, price could pull back and then hit 0.00015. This would push SHIB to be the 3rd Crypto by market cap on the list, but that's if the other coins don't have similar moves as SHIB, which I think the other coins market caps will push higher also (which will likely put SHIB around the 7th or 8th position).
These are my thoughts and trading carries a lot of risk. Do your own due diligence before following anyone of taking there advice and manage your own risk according to what suits you.
Have some great trading own there.
Do you think Shibausdt currency is still falling?
Guys, this is an analysis of several months. It seems that we have to wait for a period of 3 to 4
months for the second and third goals, but the first goal is a little closer and more accessible.
what do you think?
Do you think I am right or wrong?
If you like my analysis, follow me
Shiba Inu Eyes Upside Breakout, Target $0.000028Shiba Inu found a new support at $0.000020
A daily timeframe breakout above $0.000023 could signal a significant shift in momentum for the Shiba Inu. If this occurs, predict a price surge towards a range between $0.000025 and $0.00002627 . Further bullish momentum could even push SHIB as high as $0.0000280 .
Get a load of this $SHIB! We dive into some TA on CRYPTOCAP:SHIB , one of the crypto markets favorite coins! SHIB approaches a KEY level and we look to keep our eyes on this as the price action develops into our support area!
Probability of purchaseShiba inu coin ..
A strong area on the hour and hour frame, with an immediate stop loss and a break of the yellow area
SHIB: A Major Break is About to Happen...SHIB had a short-term top in March 2024 and has been in an accumulation range since then. We can now see a large wedge pattern forming. Once this trend line breaks, we could see big moves coming.
First major area of resistance is around 000029 with a local top at 000045.
Be patient!
SHIBA INU (SHIB)Shiba Inu is a mystery investment strategy web3 layer2 conspiracy to make cryptocurrency on Ethereum better and be more than Dogecoin was going for as a layer1. Shiba Inu is in a gully price range right now. A lot of crypto that falls into a gulch has a hard time climbing out and continues to lose. Due to Shiba Inu being one of the highest in volume on the daily charts and highest in mcap value there is always a potential for the fear of a gully to be surrealistic to an end that leads the imagination to require therapy by eating m&ms mixed with pumpkin seeds; sweet and salty.
I’m Bullish on SHIB $SHIB 4 hourPossible inverse H&S on the 4 hourly. I think we may have seen a Bullish shift in momentum at least for now. CRYPTOCAP:DOGE is running up a bit and these two play together like a seesaw.
SHIB - Time To Buy This Great Dog Coin 🚀🚀🚀Had a small pump from the lows and now appears to be breaking out from a 3 wave correction and this could be the start of the next wave up.
The 3rd wave is a contraction pattern also with contracting oscillation.
I think this may be a clue that quite a pump could be in the pipeline.
On weekly chart as we looked at before SHIB appears to be in a long contractive accumulation.
When SHIB pumps hard when it gets going and this could be very explosive.
Looks a great buy right here 👍.
Not advice.
SHIB 123Shiba Inu is setting up for a nice mid term swing trade, while the king coin BTC pokes at making a trend reversal to the upside most of the top ALTS lag just a bit behind and should ride up once bitcoin makes its major moves stair stepping up and out going into phase 2 of this current bull cycle. Cypher pattern D phase 100% in play "the money shot"
DRAGONFLY BULLISH DOJIThis is all the confirmation we need: Dragonfly Bullish Doji. If a hammer candlestick is very powerful, dragonfly doji is much more powerful than a hammer to even say, SHIBA also has a confirmed BULLISH engulfing.
For those who want a powerful uptrend with massive POWER: dragonfly doji has confirmed price action BULLISH REVERSAL and my blue wave BULL plot with smart money contraction shows the WHALES can push SHIBA upwards at any moment.
This must be accompanied by BITCOIN moving up.
SHIB: Time for this Puppy to Run!SHIB just hit one of my accumulation targets at the .786 fib on the weekly. Needs a break of the trend line to confirm a bullish move.
Shiba Underlying StrenghtA big Hidden Bullish Divergence spotted on the Daily Time frame, signaling a trend continuation.
Divergence on bigger time frame are important and significant, just have to find the Top or Bottom and in this case, I think Shib found the bottom of the divergence(Spot the textbook holding line). It has been a healthy Dip by the way.
On the MACD ..the bars will soon print green and also the blue line is about crossing signaling strength.
With the recent strength shown by BTC . might all Shiba needs to breakout.
A good 1:5 Risk to Reward Ratio..You dont see this everyday..
NB: Not a Financial Advice. DYOR
Happy Trading
Shib Hidden StrenghtOn the Daily Chart, there is a big Hidden Bullish Divergence. Divergence in this higher time frame is important just have to find the bottom or top and it seems Shibs found one..
Might Explode to the upside soon and also Considering BTC little strength lately, might be enough Fuel to make shib Explode.
My first Publish Idea and still getting to know how to use this function. Will get better with it and I hope we can benefit more . Not a Financial Advise
SHIBA INU again getting ready for 300% returnSHIBA INU again getting ready for 300% return, make sure you only enter in these areas for big and longest bull run ever !!! this is going to be the longest bull run ever !!!
NEARLY READY TO BUY IN UPDATE ON PREVIOUS ANALYSISSHIB/USD 3M - This is an update on the analysis I provided previously, as you can see price has continued to trade us in a bearish way as I predicted in previous analysis.
I want to see this momentum to continue trading us lower, giving us the ability to buy into this crypto at a good price so we can profit well from this token. I will keeping an eye on this now over the course of the next few weeks.
In order for me to have the confirmation to go long and buy more of this crypto I want to see price trade into this area of Demand and deliver us with confirmation that price is in-fact ready to trade higher.
This will come from a BOS to the upside after price has traded into the area of Demand, confirming enough Demand has been introduced to flip the current balance.
Shib Goes to 0.000110 USDT TargetShib is going to 0.000110 usdt target. But first we will break the downward channel upwards. After this happens, a brief sideways move may occur. If the decline in price continues, the lower channel support is ideal for new buys. Good days are near, but we must be a little more patient.
$SHIB the memecoin for this cycle?My thesis for this next move higher is that Solana coins are done and Ethereum coins are in.
Because of that, I think SEED_DONKEYDAN_MARKET_CAP:BONK sees one more exit pump and then CRYPTOCAP:SHIB becomes the memecoin for this cycle (Ethereum based).
I think there's a possibility of one more retest of the lower support before the move higher starts, but once it does, I think there's 15x upside potential to the top resistance.
Let's see what happens.
