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SHIBA INUSHIBA INUSHIBA INU
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SHIBA INU

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SHIBUSD trade ideas

$SHIB Trible Bottom PatternLooks like a triple bottom pattern established on SHIB. Hoping this indicates a breakout given the strong support level. The triple bottom chart pattern typically follows a prolonged downtrend where bears are in control of the market. While the first bottom could simply be normal price movement, the second bottom is indicative of the bulls gaining momentum and preparing for a possible reversal. The third bottom indicates that there's strong support in place and bears may capitulate when the price breaks through resistance levels. There are a few rules that are commonly used to qualify triple bottoms: There should be an existing downtrend in place before the pattern occurs. The three lows should be roughly equal in price and spaced out from each other. While the price doesn't have to be exactly equal, it should be reasonably close to the same price, such that a trendline is horizontal. The volume should drop throughout the pattern in a sign that bears are losing strength, while bullish volume should increase as the price breaks through the final resistance.
FTX:SHIBUSDLong
by joeg250
Shiba Inu Price Prediction 2022Shiba Inu Price Prediction 2022-2023 Shiba Inu price started in 2022 at $0.00003380. Today, Shiba Inu traded at $0.00003279, so the price decreased by -3% from the beginning of the year. The forecasted Shiba Inu price at the end of 2022 is $0.00031331 - and the year to year change +827%. The rise from today to year-end: +856%. In the middle of 2022, we expect to see $0.00012788 per 1 Shiba Inu. In the first half of 2023, the Shiba Inu price will climb to $0.00036093; in the second half, the price would add $0.00022046 and close the year at $0.00058139, which is +1,673% to the current price.
COINBASE:SHIBUSDLong
by crashfrash
$SHIB SHIB holding after wedge breakoutShiba holding nicely after the wedge breakout, bullish confluence for higher price target thesis. On the broader view, a giant rounded base appears to be forming indicating this basing and accumulation after breakout is prepping for another large run to the upside. Note, any move to the downside putting in a lower low from December's price action / a break below the thick black line , invalidates the long idea Given this basing action, my bias is still to the upside.
COINBASE:SHIBUSDLong
by FriscoTrades
Lets see what happens Jan 3-4. Just like in my previous publish when we were approaching a Christmas breakout. The difference this time is that the price is near a line of attraction which the price will gravitate to. This dotted line existed pre-peak as well. If the price is able to break-out past the red line of resistance, we might see another spike up followed by a retraction similar to the Christmas Breakout. The price will pull back within the new lines continuing an overall downward trend albeit at a lesser decline than before. There are two lower floors that exist that I would consider a 2nd chance opportunity for FOMO people to average down, and new people jump in as we head into L2 release.
COINBASE:SHIBUSDLong
by CryptoTowed