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SHIBUSDT.PS trade ideas

SHIB/USDT 1DAY UPDATE BY CRYPTO SANDERS !! Hello, welcome to this SHIB/USDT 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Shiba Inu (SHIB) rallied to a two-week high on Friday, after breaking out of a key resistance level. SHIB/USD surged to a peak of 0.000008217 earlier in today’s session, following Thursday’s low at 0.000007754. Friday’s move came as shiba inu broke out of a key resistance level at the 0.000008000 mark, hitting its highest point since June 15 in the process. Another reason for today’s action appears to be the relative strength index (RSI) moving above a ceiling of 55.00. Currently, price strength is tracking at the 60.09 level, which is marginally below a ceiling of 61.00. Should the Bulls manage to race past this point, there is a good chance the next target price will be 0.000008500. 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
2
Bullish Breakout Alert: $SHIB Surges Above Long-term ResistanceIn this TradingView idea, we focus on CRYPTOCAP:SHIB (Shiba Inu Coin), a notable "meme" cryptocurrency, which has recently broken out of a long-term overhead resistance established in February 2023. With multiple bullish signals, including the TBO (Trending Breakout) indicator printing a TBO Open Long and the TBO Cloud showing signs of a trend change, CRYPTOCAP:SHIB 's potential for a substantial rally has increased significantly. We present a bullish outlook for CRYPTOCAP:SHIB , with a most bullish price target of 0.00001001, representing a potential 20% increase from the current price. Key Bullish Factors for CRYPTOCAP:SHIB : 1. Breakout from Long-term Resistance: CRYPTOCAP:SHIB has successfully surpassed a long-standing resistance line on the daily timeframe. The recent tests of this line were followed by today's triumphant move above it, signaling a potential shift in the trend. 2. TBO Open Long Confirmation: The TBO indicator is in the process of printing a TBO Open Long, signifying the emergence of a new bullish trend. This confirmation further strengthens the case for a potential upward price movement in $SHIB. 3. TBO Cloud Trend Change Signal: Two weeks ago, the TBO Cloud indicated an upcoming trend change with a TBO Cross Up symbol, represented by the green X on the chart around mid-July. This bullish signal enhances the overall positive sentiment surrounding $SHIB. Bullish Price Target: Based on the analysis, the most bullish price target for CRYPTOCAP:SHIB is set at 0.00001001. This level represents a potential 20% increase from the current price, indicating the coin's strong momentum and upside potential. Trade Plan: - Entry: Consider entering a long position in CRYPTOCAP:SHIB after confirming the TBO Open Long signal and the breakout above the long-term resistance line. - Take Profit: Set a take profit level near 0.00001001, but remain vigilant of price action and adjust your target if needed. - Stop Loss: Implement a suitable stop loss to manage risk and protect against potential adverse price movements. - Time Frame: Monitor the trade on the daily timeframe, as the breakout and bullish signals are based on this time horizon. Risk Management: As with any trade, risk management is crucial. Ensure you have a clear understanding of your risk tolerance and position sizing to safeguard your capital while taking advantage of the bullish opportunity. Conclusion: CRYPTOCAP:SHIB 's breakout above the long-term resistance line, combined with the TBO Open Long confirmation and the TBO Cloud's trend change signal, suggests a strong bullish potential for the cryptocurrency. The most bullish price target at 0.00001001 presents a 20% increase from the current price, indicating an exciting period ahead for $SHIB. As always, stay informed, exercise prudence, and adapt your trading strategy as market conditions evolve. Happy trading! (Note: The analysis and trade plan provided above are for informational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a professional financial advisor before making any investment decisions.)
Long
by thebettertraders
Next period of volatility: Around August 6thHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (SHIBUSDT chart) The key is whether it can be supported in the 0.0000 0781 ~ 0.0000 0872 section and rise to around 0.0000 1279. Since the 0.0000 1279 point corresponds to the HA-High indicator point on the 1W chart, if it rises above 0.0000 0872, it is likely to rise to the vicinity of the 0.0000 1279 point, the HA-High indicator on the 1W chart. The next period of volatility is around August 6th. Since it currently sits near the HA-High indicator on the 1D chart, if it falls below 0.0000 0781, it is likely to touch the HA-Low indicator on the 1D chart. So, if it falls below 0.0000 0781, it is important to find support around 0.0000 0716. --------------------------------------------------------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
Range Trend and Potential Breakout SignalsSHIB is currently experiencing a range trend, which means its price is moving within a specific price range. Over the past week, the cryptocurrency's price has become less volatile. Additionally, the short-term upward trend line's support remains intact, which is positive for the coin's price. However, there are certain levels to watch out for. If the support of the midline of the descending channel is broken, along with the support mentioned earlier, SHIB's price could decrease to a range of $0.000066 to $0.0000068. On the other hand, if the mentioned support levels hold, we might see a positive movement with SHIB aiming for the resistance area around $0.00000853. Overall, SHIB is currently in a critical zone where the possibility of a significant price movement has increased. A substantial increase in trading volume could confirm whether the price will break out of its current limits. If the resistance around $0.00001 is surpassed, the next target for SHIB's price is considered to be in that range. Regarding the RSI level of SHIB at the daily timeframe, it is currently at 51. The Relative Strength Index (RSI) is a technical indicator used to measure the momentum of an asset's price. An RSI level of 51 for SHIB suggests a relatively neutral position, indicating neither overbought nor oversold conditions. It signifies that the cryptocurrency is not showing any extreme price movements and is in a stable state.
by MonoCoinSignal
5
shibusdt---> 50% DUMP!hello guys... what did you think when you looked at the weekly time frame of Shiba? so bearish!!! right? Or just only my opinion! this coin formed a symmetrical triangle pattern and broke the bottom line! for this situation, the first target is the yellow area! this means at least a 50% drop!!! _______________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
Short
by melikatrader94
27