SHIBUSD trade ideas
(SHIB) shiba inuIs Shiba Inu going to fall all the way to 0.000014 or is this as low as the price is willing to go and will hold after falling beneath the most recent support line?
History will happen again for sureA clear pattern we can see about this shit coin just like doge in past.
SHIB/USD: Shiba looks bullishHello,
Shiba looks very bullish, if it crosses the current resistance, you can expect 70% returns in a few weeks.
Chart is bullish playing into Chrismas.
Happy holidays
Trading Analysis of Shiba Inu (SHIBA) - 4 Hour timeframeTrading Analysis of Shiba Inu ( COINBASE:SHIBUSD SHIUSD) - 4 Hour timeframe
Overall Trend:
Downtrend: The price being below the 50, 100, and 200-period moving averages since June 7th suggests a strong downtrend.
Short-term movement:
Difficult to assess: A 4-hour timeframe doesn't provide enough information to definitively say if there's a current uptick or just a small consolidation within the downtrend.
Volume:
High Volume: The volume of 140 billion is significantly higher than usual, which could indicate increased selling pressure or potentially a buying opportunity depending on price action.
Momentum Indicators:
RSI (30.00 - 40.00) : This indicates oversold territory. Oversold readings suggest the asset might be undervalued based on recent price movements, but they don't guarantee an immediate rebound.
MACD: The MACD signals being below the histogram since June 7th confirms the downtrend in momentum.
Summary:
The technical analysis of SHIBA on a 4-hour timeframe leans bearish. The downtrend, high volume, oversold RSI, and MACD below the histogram suggest continued selling pressure. However, due to the limited timeframe, it's difficult to say for sure if there's a short-term reversal or just a pause in the downtrend.
Here are some additional things to consider for a more comprehensive analysis:
Longer timeframes: Analyze daily, weekly, and monthly charts to understand the bigger picture.
News and Events: Look for any recent news or events that might be impacting the price of Shiba Inu.
Market sentiment: Consider the overall sentiment in the cryptocurrency market.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions in cryptocurrency, as the market is highly volatile.
"In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten. I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading: "Now is the time to buy".
SHIB - Shytoshi's Monthly MountainShib's long term outlook levels. Volume Profile. Value area high/low. Full range 618 and more local monthly 618. This is one of those charts you look back on a year later and wonder why you didn't do better....except you are seeing it now. Happy trading.
Shibusd buyIm unfamiliar to this chart and its hard for me to understand it but from price action perspective and the upward trend i believe that continuing the trend is more likely to happen
SHIBA INU PRICE TARGET 0.00003999We need to see the four (VC) Volatility Contractions. Don't confuse VC for smart money contractions.
VC works in an up-and-down pattern. Marubozu white candlestick comes with a spike, downtrends, then spikes. It's a pattern as well.
Our confirmation is the double bottom at a 2% risk-reward ratio. It's been calculated and hidden from the public. I'm now unfolding the mystery that's about to take place.
Our other confirmation is our smart money contraction. The value line reads 0.00003424. All candlestick trends must rise like a magnet to the value line because it's smart money communication. Trends always travel beyond the value lines.
I was able to find the price of 0.00003999 by using POINT and FIGURE chart type.
The small image chart is a 1HR TF vs the 23HR TF idea.
SHIB Looking StrongSHIB appears to have broken out of a bullish wedge pattern. It has broken out, retested the breakout level (marked on chart) and momentum looks bullish.
Let's hope for a repeat of the move that led to this consolidation wedge pattern!
We up. Hey so. I’m dropping another hundred now. It’s just too tasty to let go. This is not financial advice as I invest by market structure and dollar cost averaging. But this is my entry and it’s looking like a good swing high.
WHERE I AM BUYING MORE SHIBA ATSHIB/USD 3M - As you can see from the screenshot above, this is where I will be looking at buying in more Shiba. I believe this crypto offers longevity just like BTC does.
So with that being said, once price trades us down and into this area I will be looking at buying more Shiba round this area, at this point it will be worth round half of what it is currently valued at and we will have hit a new low.
I believe price is within its new wave to trade us higher, I just feel price is correcting itself more fractally, hence this current bearishness we are seeing now.
I feel this bearishness will stop once sellers have sold off, and buyers begin to buy in again at this area of interest. There are sell orders in spot sat round this area of interest which I feel will want to be closed before the hike up.
This also gives us buyers a great price to get in at before it takes its next large hike. With recent milestones being met like ShibaSwap I feel this crypto holds a-lot of wait. This coin is constantly growing with new things being added.
(SHIB) shiba inu "historical volume; above $1B"Placing lines on all the dates with the highest historical volume above $1 billion. The darkest thick line is the date with the highest volume $11 billion March 5th 2024. The top 5 highest dates of volume are in darker red. The rest appear in thin lighter red lines.
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.
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
Shiba Bull Run Incoming??Shiba saw a bull run from October 2023 to March 2024 with almost 600% gains.
Price has since retraced back to the 61.8% Fibonacci level and created a triangle wedge.
As we can see, price has broken out. Lets see where it goes...
Shiba Inu Long-term Buy with short term markupafter a long awaited breakout do not be fooled and believe this is it. HODL, BUY WHILE YOU STILL CAN at a decent price before the real LIFTOFF!!
#ShibaInu #ShibArmy #HODL
Shiba Inu / SHIBUSD PredictionJudging from the solidarity, stability, & calm within the chart show in spite of all the recent events, and news within the cryptocurrency ecosystem along with global news shows a very strong and resilient Shiba Inu #SHibArmy #ShibaInu #Bitcoin.
My predictions are shown in the chart, dated for march 30th.
SHIBUSDBullish pattern spotted, there is high probabilites to break upside and continue for upside rally.
$SHIB LevelsCurrently have a long position. Here are some levels to watch as crypto heats up for this cycle. Thx!
SHIB vs. March Highs - SHIB NEEDS TO DO SOMETHING!what on earth is going on. BTC/ETH as well as most alts have returned to their march numbers.
but not shib.
she just chillen.
shes either dying or completely asleep.
tread with caution
WENMOON
shibainuI'm Expecting potential upside Move on shiba coin....
pay attention to the markets structure & price action on the lower TF.............
Shiba Inu SHIB: Eyes Set on ResistanceSHIB is trying to push up from $0.00002155, hinting at upward potential.
Exceeding $0.00002611 could trigger a bullish surge towards $0.00003147, while a drop below $0.00001910 might recalibrate support to $0.00001619.
Shiba Inu Breaks ResistanceFor 67 days, Shiba Inu kissed the resistance five times of the descending triangle before it finally broke through. Positive signals are adding up. Keep an eye on this one.
