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SHIBUSDT.PS trade ideas

SHIB: Pullback in UptrendShiba Inu (SHIB) technical analysis: Trade setup : Bullish breakout from Ascending Triangle and above $0.000008 resistance could signal possible trend reversal. Price reached our target of $0.000010 resistance, which is also 200-day Moving Average, where it got rejected. It is now likely to pull back to retest the breakout level of $0.000008. That could be an attractive swing entry again. Pattern : Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait for a breakout but Swing traders could trade between the trendlines (Buy at Support, Sell at Resistance) as long as the trendlines are still relatively far apart. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $0.0000080 (previous resistance), then $0.0000055. The nearest Resistance Zone is $0.0000100, then $0.00001200.
Long
by altFINS
SHIBA INU what is next? 📖💡Hello 🐋 Based on the chart the price is in the ascending channel and become close to the channel support and support area we can suppose it as a retest to these support levels and more correction to the downside is the first and logical scenario ✔️ beside we expect to see gain and pump from our first support level 📚✔️ if we lose our first support level we can see more range candlesticks between our daily support area and support level for many weeks and more gain from our great daily support area 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
by MadWhale
6
Shib🐶 End of year 2023 update will it hit $0.01After the rally due to the recent announcement that of a possible Price Boost From Binance ‘Loans’ A lot has changed this outcome and possible support for the future, the question still remains Will Shib see $0.01? I can't fully answer that question but the likelihood of it is high. Be warned, however; there is no telling when and if it will, the gold bars are just idea areas where it might go if shib see's major support in the coming months so take it with a grain of salt. BINANCE:SHIBUSDT COINBASE:SHIBUSD CRYPTOCAP:SHIB
by Grandmaster_Oz
2
SHIB/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this SHIB/USDT 1DAY chart update by CRYPTO SANDERS. CHART ANALYSIS:-Shiba Inu (SHIB) jumped to a three-month high on Saturday, with prices surging by as much as 10%. Following a low of 0.000008551 on Friday, SHIB/USD surged to a peak of 0.000009509 earlier in today’s session. This resulted in the meme coin climbing to its strongest point since May 6, when the price reached a high of 0.00001007. the move comes as the 14-day relative strength index (RSI) moved past a resistance level of 67.00. the index is tracking at 73.62, which is its highest level since February. Should momentum continue throughout the weekend, the next target for bulls is likely to be a ceiling at 0.00001025. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
1
Shiba Inu bullish momentum building? 🚀🔥Shib today analysis 💎SHIB is currently making some fascinating moves, bouncing back from the support provided by the intersection of the horizontal and uptrend lines. 💎 Another observation is that it has faced rejection from the EMA 50 twice. The uptrend could potentially kick off before encountering a 10% EMA 50. 💎 The RSI being below 50 indicates that bears still have a hold on SHIB's price and could easily regain control if the bulls falter. If this occurs, the resulting selling pressure could push SHIB downwards. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
Long
by MyCryptoParadise_Simon
SHIBA/USDT As you can see in the analysis image, we are slowly approaching the end of a long-term and nerve-wracking 2-year triangle. Considering the positive news of Shiba and the beautiful upward momentum, I expect to see the price exit from the top of the triangle. Price targets are indicated in the image. If we overcome the resistance of the red box, the second price target will be quite easily available. (DYOR) Believe it or not, shibainu has set itself apart from other memes, and the evidence is undeniable. In the meantime, a large number of crypto industry investors and prominent analysts have recently emphasized the purchase or holding of a reasonable amount of this cryptocurrency. (DYOR)
Long
by Third-Eye-Power