SHIBUSD trade ideas
SHIB greater than 8% bullish target identifiedToday I'm posting not just an individualized idea but an idea that combines multiple coins. As you all know from my recent posts, I expect BTC /ETH to experience a short-term wave down. I worked extra hard tonight to find a basket of coins that could yield us the > 3% per day that I'm going for. These coins follow the momentum trend inversion calculations and target calculations that I've perfected over the years. Some of these coins might not go up as much as a basket, but I expect an easy 3% gain combined within 24hrs.
Here are the coins.
Coin TP-Target %-Allocation
GALA 6.50% 11.29%
UNI 6.60% 8.06%
ENJ 6.60% 6.45%
ACH 15% 11.29%
MATIC 5% 8.06%
SHIB 8% 9.68%
MANA 5% 11.29%
KNC 7% 14.52%
JASMY 12% 14.52%
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7.02 Billion SHIB BurnedAccording to a recently published tweet, over the past 24 hours, more than one billion Shiba Inu meme coins have been moved to "inferno" wallets and out of circulation.
Aside from that, this SHIB-related business has made the commitment not only to burning meme coins but also to help with global SHIB adoption and utilization.
7.021 billion Shiba Inu sent to dead addresses
@shibburn has reported that since last morning, a comprised 7,021,292,580 Shiba Inu have been incinerated, i.e., moved to wallets from which these tokens can be neither withdrawn nor otherwise spent.
It took the various teams and individuals 41 transactions to remove that much SHIB, which is worth $24,296 in fiat.
50% Pump Or Dump?!?When looking at Shiba, we can see that is it currently trading above a key support zone. If we manage to stay above this zone we can expect a nice 50% gain to the next resistance zone in the next few weeks. If it fails I also mapped the next support zone, which is also around a 50% drop. Where do you think it's heading and why?
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Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice. This is for educational purposes only
Shiba Inu/ USDButterfly Pattern Formation on Shiba Inu:
It starts with a bullish XA move. AB is then Bullish. BC is bearish, and CD is Bullish again.
XA: This can be any price activity on the chart. There is no specific price movement in Butterfly pattern.
AB: The AB move should be 78.6 % Fibonacci of XA.
BC: The BC move should finish between 38.2% and 88.6% Fibonacci of AB.
CD: The CD move will be the final part of the pattern and often extends forming 127%, 161.8% or 224% of AB extension.
The target price of the pattern can be 3 intermediate targets before the final target which are:
Target 1: point B swing.
Target 2: Point X swing.
Target 3: 161.8% of AB.
Target 4: 224% of AB.
Falling Wedge (Contracting or Symmetrical Triangle): When the top resistance is declining and bottom support is raising a contracting or symmetrical triangle is formed. In case of Shiba Inu we are waiting for the breakout of the current pattern.
Disclaimer: “The above is an idea only and not any kind of financial advice so please do your own DD (Due Diligence) before any kind of investment”.
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Could Shiba Inu Help You Retire Early?Shiba Inu could help make an early retirement possible. Shiba Inu has the potential to deliver huge gains in the future.
There's an easy answer to that question: if Shiba Inu can Help You Retire Early? Of course, it could. You don't even have to get overly creative to envision how Shiba Inu could make investors enough money to at least play a key role in facilitating an early retirement.
Let's assume that the token can regain its high set on Oct. 28, 2021. That would translate to a gain of nearly 300%. A significant initial investment with that kind of return would help quite a bit in amassing enough money to retire early.
There's a good case to be made that Shiba Inu isn't nearly as risky now as it was a year ago. The token is gaining wider adoption. For example, movie theater chain AMC Entertainment now allows online payments to be made with Shiba Inu. Many more investors are now familiar with Shiba Inu, giving it an advantage over lesser-known cryptocurrencies. However, this lower level of risk also reduces the likelihood that Shiba Inu will deliver ginormous returns in the future.
SHIB TO 160% GAIN FOR MEDIUM PERIOD - Keep Watching
SHIB TO 160% GAIN FOR MEDIUM PERIOD - Keep Watching
Buying Zone: $0.00001700 TO 0.00001550
TP1 : $0.00003000 -> more than 60%
TP2 : $0.00003550 -> more than 100%
TP3 : $0.00004500 -> more than 160%
Rebuying at next updates
The probability of what I analyzing, is to be true unless the opposite is proven
Feel free dear trader to share with me your opinion, and also your analysis & Keep Watching
1900 Million Shiba InuA few hours later, one more transfer carrying 8,946,544 SHIB took place, making up a comprised 189.7 million canine coins burnt by the SHIB army.
Related
SHIB Returns to Top 10 List of Cryptos Whales Are Hungry For: Details
SHIB may start trading on this Middle East exchange
As reported by U.Today previously, Rain crypto exchange located in the Middle East is considering whether it should list the meme cryptocurrency.
In the meantime, the second biggest canine crypto, ranked 14 by CoinMarketCap, has shown a five-percent rise today, printing a big green candle on an hourly chart.
189.7 million SHIB incinerated
The team behind the @shibburn account has shared that within the last twenty-four hours, the SHIB community has conducted seven transactions, moving a total of 189.7 million tokens to various unspendable addresses.
The largest amount of meme tokens transferred within the aforementioned period of time was 176,035,016 Shiba Inu.
600.7 Million SHIB BurnedOver half a billion Shiba Inu meme coins have been sent to dead-end wallets over the past 24 hours, according to the @shibburn service that tracks Shiba Inu burn transactions on Etherscan.
SHIB army keeps removing tokens
The website of the Shibburn service shows that since yesterday morning, a whopping 600,729,245 canine coins have been sent to several "inferno" crypto addresses, from where no one can spend or withdraw them. It took the participants five transactions to achieve that.
The largest single transfer on that list carried 595,232,837 SHIB.
Next Shiba InuLast year, Shiba Inu ( SHIB -1.71% ) became an sensation in the crypto community. The meme token went viral in early October after Tesla Chief Executive Officer Elon Musk tweeted a picture of Floki, his adorable Shiba Inu puppy. In doing so, Musk inadvertently helped send the token's price soaring. In fact, despite falling sharply from its late-October high, Shiba Inu still generated a return of over 42,000,000% in 2021.
However, the meme token is now down 75% from its peak, so many investors are hunting for the next Shiba Inu. Unfortunately, very few (if any) assets produce such extraordinary returns in a century, let alone a single year. But there are still plenty of compelling investment ideas in the crypto market. For instance, the Internet Computer ( ICP -0.66% ) is a blockchain project that seeks to decentralize the internet and disrupt the cloud computing industry. And with the ICP coin down 98% from its high, this crypto could generate tremendous wealth over the next 20 years.