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SHIBUSD trade ideas
SHIBUSDT!!! HUGE CUP AND HANDLEThe chart provides my thoughts.
Please remember to do your own research and this is not financial or investment advice.
Shiba drop on Robinhood!Shiba finally trading on Robinhood we saw a big spike on the first day this landed on robin hood which hit .00003. Alot of buyers got their hands on this coin. The Shiba metaverse have not even been drop yet. Get ready for this coin to have continue growth for the next few months. Analysis shows a bull coming.
Follow for more Free analysis this is not financial advice I am also not a license advisor do your research.
Shiba looks prepped for a run.Shiba Inu was trading about 4.5% lower on Thursday in a second day of consolidation after over 21% higher on Tuesday, after Robinhood announced it had listed it.
The price action on Wednesday and Thursday has taken place completely within Tuesday’s trading range, which has created a double inside bar pattern on the daily chart. An inside bar pattern indicates a period of consolidation and is usually followed by a continuation move in the direction of the current trend.
Shiba Inu’s double inside bar pattern leans bullish because the inside bars are being formed near the top of the mother bar. The pattern also leans bullish in this case because Shiba Inu was trading higher before forming the inside bars.
On Thursday, Shiba fell down to the eight-day and 21-day exponential moving averages to test the levels as support and bounced up slightly. As long as the crypto continues to hold above the eight-day EMA, the eight-day will continue to trend above the 21-day EMA, which may give bullish traders the confidence to remain in their positions.
Thursday’s price action caused Shiba Inu to confirm it’s started to trade in an uptrend pattern, because the low-of-day price has created a higher low. If the pattern continues to play out, Shiba Inu will rise up to create a higher high above Tuesday’s high-of-day at the $0.00003 mark.
If Shiba Inu continues to trade within Tuesday’s mother bar on Friday and perhaps into the weekend, the crypto may settle into a bull flag pattern on the daily chart. If it does, and the pattern is recognized, the measured move is about 36%, which indicates Shiba Inu could soar up toward the $0.0000344 area.
Shiba Inu has resistance above at $0.00002640 and $0.00002958 and support below at $0.00002333 and $0.00002012.
SHIB/USD LongInto support on higher timeframe.
Target is a moving average so will be adjusted over time.
1:1 RR
SHIB seemingly bullish and awaiting breakoutSHIB and BTC are both still holding fairly strong, neither is overly bullish at this point, but more bullish than not. I am still expecting us to potentially run up to .000032 +/- NFA, DYOR
Same idea just extendedLooking like this pennant is forming nicely - gives a bit more credence to bullish sentiment.
As per always, depends on BTC and top alts movements and lately, they're doing better
SHIB Pennant Watch for SHIB to exit Pennant and run up to 33-35 range in this next impulse.
Good Luck
In contrast...Contrary to my last update we could be seeing a bullish pennant on the 4hr.
Still think we're too exhausted for that move but this is crypto...
SHIB Pump, round 2?I think SHIBA INU being added to Robinhood is very big news. We have reset a few oscillators and we are showing signs of accumulation. Respect the risk at hand, NFA, DYOR
Don't believe the hypeWouldn't be longing this quite yet. Likely going to pull back into descending channel and head lower until BTC and the more established coins can get a rally back up.
It's just another buy the rumor sell the news event
SHIBA Brokeout of 2 trendlines; jumped 30%This is an update from the previous post w/c finally plays out.
SHIBA just brokeout 2 trendlines with a big green candle. However, it must have a follow-up candle to confirm the BO. A pullback is imminent but it also must hold 0.0000275 to be bullish.
The different TP levels remains unchanged.
Not trading advice
THE END OF SHIBA?I should've bought last time shiba was trending sideways on the support line but this time I don't know if the support will be enough to keep shiba alive. Is this the end of Shiba inu as we know it? Let me know what you think.
SHIBA Volatile Move Ahead: Triangle Analysis FTX:SHIBUSD
Over the course of several months, SHIB has formed a triangle pattern . Triangle patterns are classically ending in a strong climax either way.
Seeing that both crypto and stocks are trading bearish at the moment
most likely scenario will be for SHIB to break bearish
If you have any questions, you can write it in comments below, and I will answer them.
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SHIB USD TIME FOR LONG I have seen shiba this week, and rreally think that it will go up again to the previous high price. The chart shows really nice how it has made a round bottom.
I LIKE FOR THIS IDEA ONLY FOR SPOT INVESTMENT, NOT TO RISK TOO MUCH!
SHIBUSD Potential 0.5 ReversalSHIBA seems to be bouncing off the upper band of the Gaussian Channel on the weekly timeframe, an indicator I frequently use
This coincides with the 0.5 Fib line and a broken downtrend line
Possible reversal and upper continuation point
Shib's Got Upgraded! 200 MA Now in! As a sizeable symmetrical triangle has been forming for quite a while at this point, the price ascension or price decline can and will be massive either way. For the longest time since its release on Coinbase pro, it is never had enough history of the sizeable price measurement to have the 200 day moving average until now. Recently the 200-day moving average has joined the chart on the daily measurement. This is a considerable balance stone for the coin's price history and will be a rocket ship in whatever price direction it decides to go.
Shib's Immense Symmetrical Triangle A sizeable symmetrical triangle has been forming for quite a while at this point; the price ascension or price decline by the width of the starting point and the ending point of this metrical triangle. That is illustrated in this video and the potential next price level for the high and the low.
Note: The measurements start from the point of breakout; at the time of this video, it has not broken out, so that level can change.
Shib Inu Probability chart to 0.10 dollars the Shib inu will rise to 10 cents by end of 2022 mostly will take a view in technical analisis , this chart discribes the prob. by 2 incline and dicline in prices which indicate the the price prediction in the long term by Probability law and logistics
