2 Big Reasons to Sell Shiba Inu and 1 Reason to BuyThe math suggests Shiba Inu's best returns have already happened, but there is still one potential reason to own it.
Controversial cryptocurrency Shiba Inu ( SHIB 1.39% ) has declined 35% so far this year, which is a continuation of a much steeper 76% decline that kicked off in October 2021. The broader crypto market is amid a sell-off, which hasn't helped Shiba Inu's cause.
Still, the dog-inspired meme token delivered a staggering 43,800,000% return for full-year 2021, making millionaires out of investors who purchased as little as $2.29 worth of Shiba Inu on Jan. 1 and held on.
With enthusiasm cooling, the reasons for selling Shiba Inu are mounting, but there is one interesting case for owning some as part of a diverse portfolio.
SHIBUSD trade ideas
The Special Kiss (Looking for lower)Were heading towards 0.00002110 Like it or not.
- Couple options here. We can hold the line at 2110, but if bears come through; were heading into the teens again.
- If we decided to go up from here, than look no further than the 200 SMA as resistance.
- Bottom line Vitalik Buretin is right; were in another crypto winter and who knows when well get out of it. Buying lower is the key.
BTC & SHIB - downmove intention of MarketMakers for this week?Yo guys, welcome to the channel Hawkeye Charting.
Todays altcoin: SHIB
Enjoy watching the video :)
No BS like bullflags. No Asking: when moon?
Always referring to the current state of psychology and what the market maker aims to do next.
Pointing out the major trend on Elliott Waves.
Peace
Disclaimer:
No financial advice!
All content is for information and entertainment purposes only and only reflects our personal opinions or market steps. Viewers are expressly requested to form their own opinion on the content and the statements as well as, if necessary, to seek professional advice.
Just a possibility.....I isolated the last flag pattern and saw a break to the lower end of my triangle indicating a regression. Now looking for a bottom in this new channel and hope to see a large bounce upward! LMK what you think..... This is obviously not trading advice. Please do your own research before entering any trade!
An observation on the 12-Hour SHIB Chart: Long Swing Trade*Extreme green candles are not recommended to open a trade on in a down-trend. Not all trades are successful. Do your own Due Diligence to maximize your success with this observation before making ANY trade. This is not financial advice; this is just an observation. Don't invest with currency you're not willing to lose*
Crypto Currency: SHIBUSD
Time Frame: 12-Hour
Main Chart: 5 EMA , 13 EMA , 20 SMA
Sub Charts: MACD , RSI 14 with 14 SMA line, Volume with 20-period average volume line
Main Chart Musts: 13 EMA Must cross over the 20 SMA . 12-Hour Candle body and lower wick Must be completely above the 13 EMA . Must exit position on ANY close under the 5 EMA .
Sub Chart Musts: MACD must be green. RSI must be relatively or recently over-sold near 30; or the RSI must be testing support on the mid-line (50), and the RSI must be above the RSI 14 SMA line. Volume must be relatively close to, or above, the 20-period average volume line.
SHIB - HANGING ON FOR DEAR LIFE AT 2344! What's Happening Next?Happy Money Monday, Traders!
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
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Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
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SHIB bears captured station 2744.
What's next?
SHIB has a big decision to make today as it sit at a key level at 2344.
SHIB breaking 2344 could bring price down towards the green support bar below @ 2060.
SHIB pushing towards the upside could bring price up towards the Blue Horizontal Resistance Bar @ 2744
MACD (4Hr TF): Bullish Divergence.
Stoch RSI: Huge Upside Potential
Always remember to place your Stop Loss.
Price action is KING!
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
Shiba Inu experiences massive decline.Shiba Inu price analysis revealed the market following a bearish trend as the market volatility decreases as the market closes, forcing the resistance and the support to move closer to each other; now, it is less prone to volatile change of either exchange. Consequently, the upper limit of the Bollinger’s band is present at $0.00002572, which acts as the strongest resistance for SHIB. Conversely, the lower limit of the Bollinger’s band is available at $0.00002328, which acts as the strongest support for SHIB.
The SHIB price appears to be crossing under the Moving Average curve, making the market bearish. Moreover, the price seems to move downward, indicating a declining market. The price appears to move towards the support, which, if broken, could break the market, causing the whole dynamic to shift. We can expect a bullish movement in the near future.
The Relative Strength Index score is 37, making SHIB fall in the undervalued region. However, the price follows a downward trend indicating a declining market and the dominance of selling activity, causing the RSI score to decrease significantly.
Shiba Inu price analysis reveals the market following a solid bearish movement, showing further bullish possibilities as the market marches towards a breakout. The bears currently dominate the market and are likely to keep controlling. However, the market offers massive room for a reversal, leading to a bullish future.
SHIB 8 hr - buy and sell zones.I am trying to isolate my buy and sell zones. But they do depend on the rate and incline of a movement. I will also watch each trend line being approached. Often one is broken just by a touch, then a fake out reverse occurs right before the breakdown of that resistance. These 8 hour charts will give a large window to these areas and let me see the markets collective decisions.
BEAR Trap!Taking a High Leverage X30 - LONG position on SHIBA INU, seems like a bear trap and we are now almost at the bottom of the rising channel expecting a BIG pump from here! Place your stoploss just below the bottom of the channel.
This is not financial advice, we are just sharing our own trades. Please always do your own research before taking any trade.