SHIB: Breakout or Consolidation?The trading volume is 88.414B SHIB, indicating significant market activity.
Parabolic SAR indicates a potential bullish trend with the SAR at $0.00001652.
The SMA is at $0.00001705, indicating that the current price is slightly above the moving average, which can be a bullish sign.
The histogram value is 0.00000011, MACD line is -0.00000001, and the signal line is -0.00000012, indicating a neutral trend but showing signs of a potential bullish crossover.
%K at 78.02 and %D at 82.52, indicating near overbought conditions.
The RSI stands at 55.80, suggesting that SHIB is in a neutral zone with a slight bullish bias.
Market Sentiment
The market sentiment for SHIB appears cautiously optimistic. The MACD is showing signs of a potential bullish crossover, while the RSI and Stochastic Oscillator indicate neutral to near overbought conditions.
Potential Market Scenarios
Bullish Scenario:
A decisive break above the dynamic resistance at $0.00001755 could lead to further upward movement, targeting higher resistance levels around $0.00001800.
Bearish Scenario:
If SHIB fails to break above the dynamic resistance, it could retest the support levels at $0.00001677 and $0.00001598. A break below $0.00001598 could signal further declines.
When to Buy SHIB for Investment
Current Situation:
Given SHIB's current price at $0.00001723 and the technical indicators suggesting potential consolidation or a slight bullish trend, a cautious approach is warranted.
Optimal Buying Strategy:
Wait for a Breakout or Dip: Watch for a breakout above $0.00001755 for bullish confirmation or wait for a dip towards the solid support level at $0.00001598.
Solid Support Level: If the price drops further, the solid support at $0.00001598 is a strong level to consider for investment. Historically, SHIB has found significant buying interest at this level, making it a safer entry point.
Gradual Accumulation: Alternatively, adopting a dollar-cost averaging (DCA) strategy by buying small amounts at regular intervals can mitigate the risk of market timing and take advantage of potential dips.
Conclusion and Market Outlook
SHIB is currently positioned with significant support and resistance levels to watch. While technical indicators suggest potential consolidation in the short term, the MACD showing signs of a bullish crossover and overall market activity suggest room for growth.
Impact of Bitcoin:
It's essential to note that Bitcoin (BTC) is currently at a crucial level. If BTC fails to surpass its all-time high and experiences a significant drop, it could negatively impact the broader cryptocurrency market, including SHIB. Monitoring BTC's price action is vital for understanding potential risks to SHIB's price movements.
SHIBUSDT trade ideas
Revealing the Masons' Secret Strategy for SHIB/USDTHey everyone! 🎉
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Targets and Fun Stuff:
Current Price: SHIB is hanging out at around 0.00001705 USDT. 🤑
Support Levels:
Primary Support: 0.00001651 USDT – This is our cozy little safety net. 🛏️
Secondary Support: 0.00001540 USDT – Extra cushion just in case! 🛋️
Resistance Levels:
First Resistance: 0.00001718 USDT – First checkpoint, here we come! 🚀
Second Resistance: 0.00001850 USDT – Next stop, a bit higher! ⏫
Third Resistance: 0.00001904 USDT – Keep climbing! 🧗
Our Master Plan:
Initial Target: 0.00001718 USDT – Easy peasy, lemon squeezy! 🍋
Intermediate Target: 0.00001850 USDT – Let’s go higher! 🎈
Extended Target: 0.00001904 USDT – We’re on a roll! 🏄
Stop-Loss:
To keep things safe, we’ve got our stop-loss just below the primary support at 0.00001651 USDT. It’s like our trusty parachute 🪂 in case things go south!
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SHIB looks bearishFrom where we placed the red arrow on the chart, SHIB has entered correction.
Considering the time of the waves and the price range, the correction seems to be a diametric.
The price is expected to reject downwards from the red range.
The targets are clear on the chart.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
shib → the best price for getting a long hello guys...
I believe the 0.000160 is the best area to get a long position!
the target will be $0.00038!
let's see!
___________________________
✓✓✓ 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
THE GOLDEN RETURN OF SHIBADepending on the low time frame the first activation for SHIB/USDT
We expect that there is a good chance of an increase in volume.
in the coming time, we will follow SHIBAUSDT
The top NO 1 USDT whale holds the most SHIBA.
90% of the unexpected volume is around 30%, there is a good chance it can do with time 60% and up.
Shiba is a value coin that is doing an unexpected increase over time.
SHIB/USDT Trading ScenarioAmid the overall negativity in the cryptocurrency market, SHIB has significantly dropped in price, falling from a local high of $0.00004605 to $0.00001272. This decline amounts to more than 70%. The asset's price has nearly reached a range of global interest among participants, as confirmed by the volume profile. Currently, there is an attempt to recover the price and consolidate below the downward-sloping resistance level.
We can anticipate a breakout of the downward-sloping resistance level, followed by consolidation above it and further price growth. The resistance level may be at $0.00002963.
However, the possibility of continued price decline should not be ruled out, with a potential drop to the Point of Control (POC) at $0.00001032 and a subsequent bounce from that level.
Shiba Inu (SHIB) price predictionShiba Inu (SHIB) managed to climb past a short-term range and has gained 15% since the low it posted on Friday the 12th of July.
In doing so, it has outperformed Pepe (PEPE) in the short-term, and its on-chain metricssignaled that more gains were likely.
The week’s trend sometimes gets established on Mondays. What is the SHIB price prediction, and should traders anticipate a strong bullish run soon?
The recent report highlighted the short-term bullish metrics of SHIB and how they generated a buy signal. On the 12-hour chart, a session close above the range highs at $0.000017 has occurred.
The Awesome Oscillator also noted a bullish crossover and was rising higher to reflect the growing upward momentum. The CMF has been above +0.04 over the past week, a sign that buying pressure was consistent.
This concerted effort has begun to pay dividends. To the north, the $0.00002-$0.000021 supply zone was the immediate bullish target.
The higher timeframe charts such as daily and weekly showed that the memecoin has not bucked the gradual downtrend it has been on since April.
The liquidations chart showed short positions liquidated in the late hours of Sunday, which should fuel further price hikes.
Overall, the wider market disbelief might be turned into FOMO if Shiba Inu continues to climb.
SHIBA/USDTTechnical Analysis: SHIBA/USDT
{{ Shiba is just a memecoin, so don't gamble with your capital }}
A long term deal
Attention!!!
The digital currency market has a smaller volume than forex
So consider crypto only as holding and not trading.
Before using this signal and analysis, be sure to check your analysis chart.
Attention!!!
In these analyses, only technical analysis is considered
So be sure to check the initial news before entering.
Attention!!!
100% does not exist in financial markets
So don't enter this signal hoping for a definite profit
SHIBA INU HOT UPDATEI'm short now on shiba, MY target is on first zone, cause this gathering of support needs alot of attention, be carefull, this area is very important, the price may reject, or skip this area with high momentum, to skip every one of them, we should get some confirmation to reach SSL to have touch the liquidity zone.
SHIBA/USDTTechnical Analysis: SHIBA/USDT
A short term transaction
Attention!!!
The digital currency market has a smaller volume than forex
So consider crypto only as holding and not trading.
Before using this signal and analysis, be sure to check your analysis chart.
Attention!!!
In these analyses, only technical analysis is considered
So be sure to check the basic news before entering.
Attention!!!
100% does not exist in financial markets
So don't enter this signal hoping for a definite profit
You might need THIS!SHIB might is in the bul at the moment and might be at the long run. as there are lot of Buy side liquidity however there is only 1 Sell Side Liquidity to be taken then we shoot up.
Expecting a sharp run of liquidity down then we move to the the Buy side liquidity.
Time will tell.
DYOR pls
Shytoshi Kusama Shares Crucial Update on Long-Term Shiba Inu PlaU.Today has prepared the top three news stories over the past day.
Shiba Inu lead shares crucial update on SHIB's long-term plans
In a recent X post, Shytoshi Kusama, pseudonymous lead of the Shiba Inu project, revealed long-term plans for the dog-themed meme token and its ecosystem. Kusama hinted at the core use case for TREAT, the upcoming unreleased token. According to the lead, by using TREAT, Shiba Inu members will be able to access all the ecosystem's advanced features. Additionally, Kusama wrote that the SHIB team is currently finalizing partnerships to "grant full power" to the system they have created. The lead also reminded SHIB enthusiasts that he would eventually have to step away from the project's limelight, as Shiba Inu is approaching the completion of Ryoshi's plan for a decentralized system with no leader. Last but not least in Kusama's X post was the announcement of SHIBACON 2024, the project's own conference that will take place in Bangkok, Thailand, around the same time as DevCon.
