Symmetrical triangleLooks like SHIB is in a symmetrical triangle which indicates an upward movement in the coming days/week on the 4HR chart.
SHIBUSD trade ideas
SHIBA INU breakout imminent? ($SHIB)Shiba Inu has been in consolidation after a massive breakout last month. The daily timeframe shows the RSI reset around 50 and the Stoch RSI looks bottomed out and reversing towards an upswing. With the Bitcoin halving only weeks away, a breakout of this pennant should be considered a massive bullish move. However, we are all bullish on Shiba. We should know within a few days.
Target #1- 1.618 fib- 0.00006819
Target #2= 2.618- 0.00010306
(SHIB) Technical Outlook: Consolidation Phase Awaits BreakoutAbstract: The Shiba Inu (SHIB) market presents a quiescent façade as technical indicators converge, suggesting an impending volatility expansion. The current technical disposition on the 4-hour timeframe delineates a consolidation pattern, within which SHIB's future price trajectory is being quietly debated by bulls and bears alike.
Analysis:
Shiba Inu's price action is currently cradled within the Bollinger Bands, with the price navigating slightly above the middle band, suggesting an equilibrium between supply and demand. The Ichimoku Cloud presents a tenuous price position, hovering within the cloud. This indecision indicates a neutral bias, where the price could swing either way based on subsequent trading sessions.
A closer inspection of the Fibonacci retracement levels, drawn from the peak of 0.00002799 to the trough at 0.00002523, reveals that the price is oscillating around the 23.6% retracement level. This is indicative of a market searching for direction after a mild recovery.
The Moving Average Convergence Divergence (MACD) is flatlining near the zero axis, signifying a market in stasis. The absence of a definitive MACD trend underscores the market's current indecisiveness.
The Relative Strength Index (RSI) and the Stochastic oscillator are echoing similar sentiments. With an RSI hovering around 58.47, there is neither an overbought nor oversold condition, which corroborates the ongoing consolidation. The Stochastic oscillator's %K and %D lines have recently intersected, suggesting a potential change in momentum, though it remains to be seen if this will translate into a significant price move.
The On-Balance Volume (OBV) shows stability, indicating that the volume of trades has been consistent with no significant accumulation or distribution. This further reinforces the consolidation scenario.
Speculation:
As the market holds its breath within this tight range, a speculative forecast can be considered. A decisive breakout above the Ichimoku Cloud could set SHIB on a trajectory towards the 38.2% Fibonacci retracement level at 0.00002766, which, if surpassed, might extend gains toward the 50% retracement level at 0.00002883.
On the flip side, should bearish sentiment prevail, pushing the price below the consolidation range, SHIB could find immediate support at the 23.6% Fibonacci level at 0.00002523. A break below this could lead to a retest of the recent lows at 0.00002500.
In conclusion, SHIB is at a technical crossroads, with traders advised to monitor key levels for a breakout to establish the market's next directional move. While the indicators present a narrative of neutrality, the tightly coiled price action suggests that the subsequent move could be both swift and significant. Investors should prepare for volatility and use the unfolding technical signals to inform their market positions.
Bullish Breakout After Forming Double BottomSHIB has found strong support around $0.00002640 , forming a double bottom pattern on the daily charts. This bullish reversal pattern suggests a potential trend reversal and a breakout to the upside.
The price has already risen to $0.00002864 , which I view as a breakout sign.
Resistance Levels to Monitor
- The first hurdle for SHIB's bullish momentum lies at $0.00002960 . If the price can overcome this initial resistance level, it could pave the way for further gains.
- The second resistance zone is between $0.00003050 and $0.00003200 , an area where many experienced traders are likely to take a profit. A successful breakout above this zone would be a significant bullish development.
- Finally, if SHIB can surge past $0.00003200 , it could encounter resistance around $0.00003455 .
Crypto Impact
The overall health of the cryptocurrency market will significantly influence SHIB's price trajectory. If the current bullish momentum in the broader market wanes, SHIB's breakout attempt could falter.
In a bearish scenario, SHIB could potentially fall back down to its support level around $0.00002375 .
SHIBUSD need to rest LONG again laterShiba Inu has pushed quite hard. I can only think of sled dogs ona long marathon push over a
sun prepared snow trail. The ride might be frictionless but nonetheless grueling and perhaps
time for a rest. The chart shows the breakout and then extension above the VWAP lines that
are trying to catch up. In proper risk management. I will take half the position off here and
have it ready to add at least part of it back if the rest is a stable consolidation in the upcoming
day.
Shiba Inu Macro Brake Out?Many alt coins are reaching the end of what appears to be an accumulation cycle. We have an obvious long running down trend followed buy an equal distance of sideways accumulation. Next step is typically an equal length time cycle to the upside.
Price can only trend in 3 directions. It can trend down, trend sideways in a range, or it can trend upward.
Typically after a major down trend followed by a sideways range starting to up trend we see an uptrend of the same length.
The chart is measureing the amount of time it took to complete one trend to show potential time periods we would expect the next major pivot. One should occur by the end of may and the next early 2024.
Hopefully it is an uptrend.
There is no way of know what price shib will reach this cycle but using averages based on the past price action we can make an educated guess as to what levels are possible.
We expect the accumulation cycle to end in the next few weeks the question is what trend will we see in the next cycle?
Potential Shiba Pump?This chart is an update to the previous attached chart below from earlier this year.
Looking at the weekly we see price action, wave trend, and money flow all curling to the upside.
Current Trading plan is to hold for more upside until price brakes structure to the down side looking for any of the price targets above.
Shib Bullish Pennant in the making. Shib price action.
If this bull pennant is shaping up, then price action should run from the .618 to the 1.618 in the next pop.
Holding.
Will Shiba Inu coin break or bounce?The price of Shiba Inu (SHIBUSD) is currently hovering around $0.000028 , a critical support level. If the price can hold above this level, it could see a move towards $0.0000310 to $0.0000320 .
However, if the price breaks below $0.000028, it could pull back to $0.0000260 or even $0.0000230 .
4 trillions of dollars has gone Plummeting..,… what’s next?Please pay close attention and we all had gone thru this before.
The pre-halving just already started.
Big drop just started and over 4 trillion dollars plummeting from whales so what’s next?
The next support is 0.00002230 area and if it doesn’t hold then huge free fall and will take back to 0.00001080 area only if happens.
If you are still holding double check your profits ; if you want to wait for the another potential dip then you may do so but be smarter and we all had gone thru this type of situation before because of bitcoin halving is around the corner.
Be smarter than the market. Be on the lookout of the next coming dip and we aren’t far away for Shiba big bullish move after the big drop finish
SHIB : TF 1Dshib is on the support line and forms a smmytrecical triangle. the breakout point is at $0.00003200 and if it hits $0.00002200 again, it has the potential to reach $0.00000980.
Buy Long - 45We have a nice support at the red line 27, and also a high resistance at the green line 31, we are testing now the resistance line if we get a nice break, it will be a nice bullish to test the 45 again.
SHIBAs we see SHIB start the new movement after a while.
if we see the green line which is the possible new target in a short period, it will help the price to reach new levels and support positivity for long terms.
and the red line support negativity for a long time aswell.
my view for the long term only,
SHIB, IS IT TIME TO TAKE SHIB BEHIND THE BARN? PREP FOR DIPPotential SHIB trade.
Would look something like this if it was to occur.
Chances that it looks this clean (orange arrow) is not likely.
However, if price rides a steep trend down, and we catch some mega support under some previous support, we're likely to have a very favorable trade.
Basically, this chart is prepping for a potential drop on the yellow circle trend breaks. SHOULD we see a drop, there is no reason to panic, as theoretically, if you viewed this chart, you should be prepared to buy this dip.
Now, does it go as low as .000007 or can it hold .000009. IMO, it is more likely to favor the lower price target.
This price target catching (Maybe even on a wick, within the week, or day), implies favorable odds all the way over .00001
Should this dip not occur, the price targets and trends are still relevant, however, the chart is primarily for prep of the potential drop showing on the charts.
If we reject off our top price target in our trade window, we'd look to buy the dip right around .0000098, waiting to see if we catch more support and see some higher numbers building.
1 hour Chart with Fibonacci tool People asking me to post a Fibonacci for 1 hour chart, here is it, the 100 % accurate Fibonacci.
Hold your coins, if you are not able to control your feelings and your patience, get our from the trading career.
this is the only thing make you lose and win, if you know how to control it, and not let the candles control your feelings.
be patience, and make sure with patience always profit always comes.
how many time you regret because you was not patience!?
Thank you, & Best regards
Hold your coins, patience is the key Hold your coins, patience is the key
it will reach 0.000055 in the next 3 months.
SHIBUSD: Shiba Inu Historical Elliott Waves and OutlookThe meme coin Shiba Inu is on the rise again early in 2024 with bullish waves developing.
Cryptolean Shiba Inu SHIB UpdateNot much changed since the last update, since Shiba Inu found a support at $0.00002399-$0.00002509.
It is struggling to break through the resistance of $0.00002769 for the last 5 days though.
A bullish break-out of $0.00002769 will result in a move to re-test $0.00003107.
However, a bearish break-out of $0.00002399-$0.00002509 will push SHIB price lower towards $0.00002171 and $0.00001911.
SHIB will moon when it breaks trendlineSHIB looks to be in accumulation zone and will moon once trend line breaks above.
Not investment advice
**UPDATE ON SHIBA** BULLISH BREAKOUTDid anyone go all in ?
Other company supporting and helping Shiba to eliminate lots of Zeros and Shiba will make history. Made my research and looks like more than trillions of dollars going to be burn and do not sell ; hold it.
I fully know you’ll hit more than 5 figures in your profit. Buy and hold; don’t listen to those haters who know nothing about Shiba and Shiba has potential to breakout and go a lot higher.
1 cent is the target and then $1 if couldn’t reach then 0.001
The only thing I know about Shiba will hit 1$ in 2028
Last chance to buy Shiba before the big moveWhy I said last chance … because something big is going to happen and heard over $3.2 trillion Shiba tokens are going to burn
That means over 500x are coming.
If you are holding over millions of tokens owned with Shiba.. DONT SELL.. HOLD IT !
Target: 0.0002
Target 2: 0.0004
Target 3: 0.0008
Target 4; 0.002
Target 5: 0.001
Target final : 1$
Shibusd short incoming
head and shoulders pattern on the 15 minute chart , looking for a push down back the the bottom of the daily bull penanant around .00002464 , put the stop above the head of the pattern on the 15 minute chart .
