SHIB-USD: Possible up trendWait for an enormously important falling trend breaking. Or it will not break it.
SHIBUSD trade ideas
The battle of the resistance vs floor continues.Here we are at our second round of floor vs resistance. The floor won the previous round. If it holds in round 2, Shib will see another rise and tilting of the resistance wedge upward. If it loses, Shib could see steep drops as we saw several days ago.
If SHIB holds flat we will see a (natural) tilting up of the wedge but a prolong battle with the floor has unpredictable result.
#SHIB #SHIBUSD #cryptocurrency #cyrptotradingTesting above the DTL and holding the zone. Needs strength but has potential!
SHIB Long Upward Channel Just Leaving this here... Im thinking long on SHIB, going to be monitoring this upward channel.
I'm definitely LONG on SHIB!
Always looking forward to hearing comments. GO!
SHIB - Passed 12MA, Now Faced With The 21MA And 3286 ResistanceHope you find value from this post.
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 bounced off support at 2563 at Green Support Bar, broke through the RED Extended Resistance Trend Line, and is now above its 12MA.
SHIB is now battlng its 21MA and the resistance at 3286 - which was previous support and resistance levels multiple times since Dec. 4th.
What's SHIB facing past the 21ma and the resistance at 3286?
1. The 50MA
2. The Red Horizontal Resistance Bar
Today's first order of business is to push past 3286 and close above its 21MA.
If SHIB retraces from here, we are expected to find support at the Extended Trend Line which was previous resistance.
Further push down will take SHIB down back to the Green Support Bar below and eventually towards the White support extended trend line support at about 2150.
MACD: Crossing Bullish, today will either confirm it or get rejected.
Stoch RSI: Headed for the 80 Level, momentum still Bullish.
Always remember to place your Stop Loss.
Price action is KING!
More power to all your trades, my friends!
Ron
Intrepid_Trader
SHIBUSD D1Hello, here is my second analysis on Shiba using MACD and i tried to label in a way that will be easy to read and understand
Could SHIB break the 50MA and then the .5 Fib Extension?Some of our group wanted to see a fib extension on SHIB so we did it and surprisingly we have a move that mimics what actual trades will be. These bounces off the .5 extension and then a solid support at the .236 extension make this worth watching for a while. Hey who doesn't have 1.5M+ shib just sitting around waiting for it to break .01$
Tilting up of trend since peakSHIB reached the upper floor and trend line of resistance at nearly the same moment. This resulted in a pump on the price and tilting the lines of resistance upwards.
This resistance vs floor battle happens again in the near future.
brake or not?? part 3ok
the shiba is in important place...
if brake up we can take a long order but it is possible that brake down...
so we wait for brake...
please like and say your Opinion about this coin...
have niceeeeeee day :)))))
Will SHIB Crypto Momentum Push It To A New High?The weekly technical chart of the Shiba Inu price is currently seeing a strong upside trend. Coming to the daily chart, the asset price is looking to leap for a new high. The upside momentum of the SHIBA INU can see a setback near $0.000037. The asset price on the downtrend may observe a downside trend near $0.000025. The price of the coin has seen a jump of over the downside move and can soon see a new high. The 50 DMA line is near $0.0000382 and it can act as a temporary hostile region for the coin. SHIB/BTC pair can also see a move to a new high in the future
Bullish Movement The market is currently in an Ascending Channel. Shiba gave us a retest on the support zone of our channel, forming a double bottom pattern as confirmation.
SHIBA: BUY THE RUMOUR SELL THE FACTThe rumor of a Robinhood listing boosts some good momentum in SHIBA. The overall texture on cryptocurrencies is also positive.
Shiba has defied downtrendShiba on H4, has showing a trend reversal .
Price has rejected the 0.30 and would expect to go up to first target of 0.00005 and to all time high.
SHIB is close to breakoutWatch for confirmed breakout on SHIB. This one has been patiently waiting for a pump.
Good Luck
Shiba Inu Finds SupportThe dogecoin killer, Shiba Inu. forms nice bullish reversal candlestick pattern - 3 inside up with bullish divergence on daily MACD. The invalidation level remains at 0.00002541 .
Happy trading
AQN World. www.aqnworld.com
Tilting the trend wedge up. So now we have broken out of the previous wedge. What's different than the Christmas Eve breakout is that this is above the floor. Downward pressure still exists. In the next publish the wedge will be tilt it up to match the new trend.
SHIBA INU- LOOOOOOONGDo not underestimate this little DOG...Buy on 18th Jan
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Shiba about ready to move, get ready!!Good Bullish divergence on the 4HR. This could be it. Buckle up!!
Fell below key level of support.The trend continues to be true. The floor had no effect on the overall pattern of decline on the 4 hr chart. SHIB is rushing back down to early-mid 2021 prices.
