SHIBUSDT trade ideas
SHIB flips Cardano in market cap. What's next? | 29.05The SHIB price has been trading in an ascending manner for a while, as the lower trend line has been acting as a strong support. The recent volatility that kicked into the space, caused the price to print consecutive bullish candles that lifted the levels within the resistance of an ascending triangle. Although a breakout attempt has occurred at the moment a bullish close above the zone may validate the upswing.
Moreover, the price has reached the upper range of the Gaussian Channel and a close above these levels may trigger a fresh bullish case. On the other hand, the RSI is ascending, suggesting the price may remain elevated and reach the upper resistance zone between $0.00003 and $0.000032. To do so, the buying pressure is required to increase with a rise in the trader’s activity, which could attract more liquidity.
Therefore, it is very crucial to monitor the Shiba Inu (SHIB) price action until the day’s close, as a small mistake may cause a breakdown. A daily close within or below the resistance zone can validate a bearish momentum, which may potentially lead to further downward movement.
WHITEBIT:SHIBUSDT
SHIB/USDT Ready For a Breakout From Descending Triangle👀🚀💎#SHIBUSDT is tracing a Descending Triangle pattern and we expect a bullish breakout from this.
💎The horizontal support level has been tested multiple times. The 200 moving average highlights a bullish trend. A definitive breakout from the triangle pattern is essential to confirm a bullish move.
💎When it breaks free, we'll closely monitor a retest to validate the breakout before executing our strategies. If #ShibaInu maintains the support at $0.00002068 and rises, we aim for the resistance zone we've outlined.
💎However, if #SHIB fails to hold this support and slips back into the pattern, it may indicate a weakening bullish trend. In this case, the price could fall to the next significant support level at $0.0000182.
💎Previousally, CRYPTOCAP:SHIB has shown a robust ability to rebound from this level. If this pattern persists, a strong recovery could be in play. Nevertheless, a decisive break below this support would shift our bullish perspective towards a more bearish outlook.
MyCryptoParadise
iFeel the success
shibaI have a glimpse of this currency.
It shows suspicious growth, especially with the breaking of the red range
so watch it
SHIB/USDT this can be a bullish momentum if SHIB success break!💎 Paradisers, #SHIB is indeed presenting intriguing movements that demand close observation.
💎 Currently, SHIB is encountering resistance within the ascending triangle pattern. A successful breakout from this pattern would signify a bullish trend reversal, potentially leading to significant upward movement and reaching our target resistance area.
💎 However, if SHIB fails to break above the pattern and experiences a harsh rejection indicated by a bearish candle, the price may retreat into a downward movement.
💎 In such a scenario, SHIB could revisit the trendline or even backtest the demand area to gather momentum for another attempt to break out.
💎 Upon reaching the demand area, it's crucial for SHIB to bounce back and resume its upward trajectory to reattempt breaking out of the pattern. Any sign of consolidation or weakness at the demand zone could signal potential challenges ahead.
💎 It's essential to closely monitor SHIB's price action, particularly its ability to hold above critical support levels. A breakdown below the demand area, confirmed by a daily candle close below it, would validate bearish momentum and potentially lead to further downward movement.
MyCryptoParadise
iFeel the success🌴
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ShibaInuShiba has finally broken the major downward trend, showing strong bullish momentum according to the analysis.
SHIB Long Trade SetupCurrent Situation:
Pattern: SHIB is showing signs of long accumulation, which typically precedes an explosive upward move.
Trade Strategy:
Entry Point: Enter a long trade above $0.00002739.
Take Profit Targets:
First Target: $0.00003267
Second Target: $0.00003960
Third Target: $0.00004440
Stop Loss: Set at $0.00002550 to manage risk.
Summary:
SHIB's historical pattern of explosive moves after long accumulation periods suggests a good opportunity to build a position. Entering a trade above $0.00002739 aims to capture the potential upside. Take profit targets are set at $0.00003267, $0.00003960, and $0.00004440, while a stop loss at $0.00002550 helps to limit potential losses.
$SHIBUSDT Ready to Explode?
Long term accumulation narrowing with whales changing massive volumes over the last 24hours could indicate SHIB could see an explosive move soon
SHIB USDT - 1D TF - Long Idea-SHIB USDT - 1D TF - Long Idea- Entry, Stop Loss & Tp's mentioned in the chart. Good Luck.
Compression within a triangular patternShiba Inu is experiencing compression within a significant triangular pattern. This situation can typically lead to a price breakout. It is advisable to closely monitor the market.
#shibusdtAnalysis of the price action of #shibusdt (#smart_money):
The support (green) and resistance (red) zones of the #shibusdt react when they are reached. As you pass through each area, the role of that area changes. You can trade between these zones based on your personal strategy.
Adam and ShibAdam and Eve pattern forming during accumulation phase of Shib
Curious to see what others think about this.
This is the closest I have seen to this formation in any of the alts on the long list.
SHIBA INU (SHIB) I think in the next few weeks we will see SHIB follow the trend of other meme coins like FLOKI, PEPE. I started DCA when SHIB broke the downtrend.
Let's see if it will follow the same movement as the rest of the meme coins. It has not moved like the others yet, but will it follow?
Please note, I am not a professional trader; I am just learning.
Lingrid | SHIBUSDT buying OPPORTUNUTY at Support LEVELThe price perfectly fulfilled my previous idea. In my opinion, the alt season has already begun, but we haven't seen it yet on the price charts. Many altcoins, including meme coins, are currently in an accumulation phase. BINANCE:SHIBUSDT chart, in particular, is clearly in a consolidation zone following its recent bullish move. I believe that the price action is being squeezed, and a breakout of this consolidation zone could lead to another price surge. On the daily timeframe, the price is trading within a range, but we can see higher lows indicating buying pressure. If the market stays above the support level, there is a likelihood that the price will move upward. However, if the price breaks and closes below the upward channel, we would anticipate buying at lower prices. My goal is resistance zone 0.00002666
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
SHIB preparing to Unleash 🚀Shib after breaking out of Falling wedge maintained support in the red line below and it's looking extremely bullish, targets above can't be denied in this coming memecoin and Altseason
scalp buy setup for SHIBUSDTBuy Scalping for SHIBUSDT in Short term
attention: this Analysis is not financial Advice
SHIBUSDT LONGShiba went very well during this period and I expect it to go up like this and continue the upward trend
look at the chart, in the past we had a good price support in this range
If I see a change, I will update the analysis.
Let's see what happens
SHIBUSDT 25 May 2024 Hello my dear friends !
Shiba is trading at a great place for Investing !
The odds of rising in price are massive , so , you invest and make some money !
Keep it in mind , I just Buy shiba for spot , Not Future !
Stay safe and have fun with your life !
Bullish flag pattern"🚀 Bullish flag alert on #ShibaInuCoin (SHIB)! Looks like the bulls are gearing up for a big move! 📈🐾 #SHIBArmy #Crypto"
"📈 Spotting a bullish flag on #SHIB! Could this be the start of another epic rally? 🚀💎 #ShibaInu #Bullish"
"🔥 Hot chart pattern: Bullish flag forming on #ShibaInuCoin (SHIB)! Keep your eyes on this one! 🌟📈 #SHIB #CryptoNews"
"🔍 Chart watch: Bullish flag spotted on #SHIB! Are we about to see a breakout? 📈🚀 #ShibaInu #Bullish"
"🌟 Exciting times ahead for #ShibaInuCoin! Bullish flag pattern suggests a strong upward movement could be on the horizon! 📈🐕 #SHIBArmy"
"🚀 Get ready, #SHIBArmy! A bullish flag pattern is forming on #ShibaInuCoin. Let’s see where this rocket takes us! 📈🌕
"📊 Technical analysis update: Bullish flag on #SHIB! Potential for gains looks promising! 🚀💼 #ShibaInu #CryptoTrading"
"🐕 Shiba Inu Coin showing a bullish flag pattern! Time to gear up for potential gains! 📈🚀 #SHIB #Bullish"
"💹 Bullish flag pattern detected on #SHIB! Could this be the signal for the next big move? 🌟📈 #ShibaInuCoin #Crypto"
"🔥 The charts are heating up! Bullish flag on #ShibaInuCoin (SHIB) signals exciting times ahead! 🚀📈 #SHIBArmy #CryptoHype"
SHIB/USDTSHIB is showing some interesting signs on the chart. We've seen a potential breakout from a previous resistance level, and the price is currently retesting that level as support. Additionally, the 100-day moving average (100MA) is acting as potential support
Enter : 0.00002.45 - 0.00002.5
Stop-Loss: $0.00002225 (place a stop-loss order below the support level to limit potential losses)
Keep an eye on SHIBl! SHIBA Inu has seen a nice retracement, but now it may be time to it watch closely! If you're looking to trade SHIB at the moment, here's a quick setup that you might find helpful!
The idea is: Buy when the price breaks above 0.0000249$ and take profits at the levels shown in the chart.
Targets:
1. 0.0000255$
2. 0.000027$
3. 0.000028$
4. 0.0000293
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About our trades:
Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
