SHIB broke above the trendlineSHIB broke above the trendline, then retracted back to re-test the trendline and this time it bounced off of the trendline, rejecting the downward trend continuation and going into possible reversal. More to come on this in the upcoming days. Let me know if you'd like me to analyze any other stock.
SHIBUSDT trade ideas
SHIBUSDT.1DThe SHIB/USDT pair, as shown on the daily chart, trades at $0.00001655, demonstrating a significant bearish trend with a recent decline in value by approximately 5.59%. The trading environment has been largely bearish over the past months, following a failed breakout above earlier resistance levels.
Key Support and Resistance Levels:
Resistance 1 (R1): $0.00002155 - This level marks a recent high that SHIB failed to surpass, forming a clear resistance zone.
Support 1 (S1): $0.00001413 - This is a critical support level where previous lows have converged, potentially serving as a stabilization point if bearish momentum continues.
Technical Indicators:
MACD: The Moving Average Convergence Divergence (MACD) is currently below the signal line and has moved into negative territory, indicating increasing bearish momentum.
RSI: The Relative Strength Index (RSI) is at 31.71, nearing the oversold territory, which may suggest that SHIB is under substantial selling pressure but could also indicate a potential reversal if it moves further into oversold conditions.
Analysis Conclusion:
The current technical setup suggests that SHIB is experiencing strong bearish pressure, with the potential for further downside if it breaks below the support level at $0.00001413. The proximity of RSI to the oversold region might slow down the selling momentum, possibly leading to a short-term bounce or consolidation. However, unless SHIB can reclaim higher levels above the current resistance at $0.00002155, the overall market sentiment remains bearish.
Investors should watch for any movement that breaks out of the current trading range as a signal for potential trend reversals or continuations. Given the negative momentum indicated by the MACD and the critical support levels outlined, the strategy should be cautious, prioritizing risk management and staying alert for any signs of a change in market dynamics.
SHIB/USDT Analysis: Key Levels to BUY (READ CAPTION)By analyzing the #Shiba chart on the weekly (logarithmic) time frame, we can see that after a significant rally, this cryptocurrency has undergone a correction. We should soon expect the end of this correction and the start of the next upward wave. Keep an eye on these levels: 0.00001542, 0.00001385, and 0.00001248! Additionally, the price might fill its previous FVG before starting a strong upward move. This analysis will be updated!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
SHIBUSDT Is Approaching The Down TrendHey Traders, in today's trading session we are monitoring SHIBUSDT for a selling opportunity around 0.00001870 zone, SHIBUSDT is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.00001870 support and resistance area.
Trade safe, Joe.
⚡️SHIB: Symmetrical Triangle BreakoutShiba Inu coin, often referred to as SHIB, is a cryptocurrency token inspired by the Shiba Inu dog breed, similar to Dogecoin. It was created in August 2020 by an anonymous person or group known as "Ryoshi" and was initially launched as an experiment in decentralized community building.
SHIB gained popularity mainly due to its association with Dogecoin and its meme-centric culture. It operates on the Ethereum blockchain and, like other cryptocurrencies, allows for decentralized transactions and trading.
While SHIB started as a playful project, it gained significant attention and saw dramatic price fluctuations, attracting both traders and enthusiasts. However, it's essential to note that investing in cryptocurrencies carries risks, including volatility and regulatory uncertainties. As with any investment, it's crucial to do thorough research and consider your risk tolerance before investing in SHIB or any other cryptocurrency. BINANCE:SHIBUSDT
SHIB - This Indicator says SELLSHIB has just flashed a dangerous "SELL" alert.
This indicator is highly accurate in higher timeframes, especially the weekly. Look at all the "SELL" signals and how far the price drops after:
From a trendline perspective, SHIB HAS to stay ABOVE the current support line (Fibonacci line 0.236). If it falls under, SHIBA will be at risk of falling to the dotted line, which is BEARISH.
In case you missed it, my take on Bitcoin for the SHORT TERM:
________________________
BINANCE:SHIBUSDT
SHIBUSDT.1DIn this technical analysis of the SHIB/USDT daily chart, we explore the recent price movements and use key technical indicators to forecast potential future trends.
Key Observations:
Current Price and Recent Movement:
SHIB/USDT is trading at a price of $0.00001854, showing a moderate increase of 2.49% today. This suggests a possible change in market sentiment or response to external stimuli.
Support and Resistance Levels:
R1 (Resistance Level 1): $0.00001825 - It's noteworthy that the current price has surpassed this level, indicating a potential new support if the price sustains or advances further.
R2 (Resistance Level 2): Marked on the chart but not numerically identified, this would be the next target for bullish momentum.
S1 (Support Level 1): Marked around a previous low (exact value not visible), serving as the primary support area to watch if a reversal occurs.
Technical Indicators:
MACD (Moving Average Convergence Divergence): Currently below the zero line but the histogram suggests decreasing negative momentum, indicating a possible bullish reversal in the making.
RSI (Relative Strength Index): At 31.26, it's nearing the oversold territory, which might attract buying interest as traders perceive it as undervalued.
Analysis and Conclusion:
The current trading pattern in SHIB/USDT reflects a slight bullish recovery, indicated by the price crossing above R1. If the market sustains this rally, R2 could be the next logical target. The improving MACD, moving from deeper negative territories towards the baseline, supports this bullish outlook as it often precedes a change in trend.
However, the RSI near the oversold boundary suggests that while immediate selling pressure might be subsiding, caution is still warranted. A retest of the new support level at R1 (previously R1 resistance) could confirm its reliability for maintaining the upward momentum.
SHIBUSDT Trading Signal: BuyDear Traders,
We have identified a trading opportunity for the currency pair SHIBUSDT. Below are the specifics for executing this trade:
Direction: Buy
Enter Price: 2.077E-05
Take Profit: 2.118E-05
Stop Loss: 2.017E-05
Rationale:
This signal is generated using the EASY Quantum Ai strategy, which utilizes advanced algorithms to analyze market trends and price movements. Here are the key factors influencing this signal:
1. Market Momentum: Our data analysis indicates an upward momentum in SHIBUSDT, driven by recent positive sentiment and increased trading volume.
2. Historical Support Levels: The enter price of 2.077E-05 aligns with a historical support level, which suggests a good entry point for a potential upward movement.
3. Resistance Projections: The take profit level at 2.118E-05 has been identified as a short-term resistance point. Breaking this level could signal a continuation of the bullish trend.
4. Risk Management: The stop loss at 2.017E-05 is strategically placed to minimize potential losses, ensuring a controlled risk environment.
We advise monitoring the trade closely and adjusting as market conditions evolve. Ensure you have your risk management strategies in place when executing the trade.
Stay informed and trade wisely!
Sincerely,
Your Trading Strategy Team
SHIB Daily LongIt seems that CRYPTOCAP:SHIB can correct up to the specified range. The market has taken a corrective downward trend in recent days and there is no good reason for the market to become bullish. What it seems is that this time and price break is necessary for the market to continue its upward trend.
SHIB: buy📊Analysis by AhmadArz:
🔍Entry: 1875
🛑Stop Loss: 1728
🎯Take Profit: 2009 - 2137 - 2334
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
$SHI / USDT bullish wave coming soon. Be ready!CRYPTOCAP:SHIB is in a bullish pennant flag that is about to break out to the upside. It is a beautiful flag with a huge pole, perfectly executed.
The Fibonacci retracement is giving us the target price (TP) with 100% potential.
Just follow the chart; it is pretty obvious. The Stochastic RSI is about to pump on the daily chart.
Everything is aligned for a bullish wave.
DYOR (Do Your Own Research), as anything can happen. This is my personal opinion, not investment advice.
SHIBUSDT 1D#SHIB is currently sitting in its support zone, suggesting a potential bounce from this level. If it loses this support, the next level to watch is $0.00001830, which aligns with the daily MA200. Should a breakout occur, the target levels are:
$0.00002757
$0.00003184
$0.00003712
$0.00004567
SHIBUSDT Trading Signal: Buy AlertDear Traders,
We have identified a promising opportunity in the SHIBUSDT currency pair using our proprietary EASY Quantum Ai strategy. Below are the specifics of the trade signal:
Direction: Buy
Enter Price: 2.369E-05
Take Profit: 2.564E-05
Stop Loss: 2.16E-05
Rationale for the Signal: Our EASY Quantum Ai strategy has flagged this buy opportunity based on several key market indicators:
1. Market Momentum: Recent analysis shows a surge in buying interest in SHIBUSDT. Momentum indicators suggest a strong upward trend is forming, making it an ideal time to enter a long position.
2. Support and Resistance Levels: The current market price has found solid support around the 2.369E-05 level, reducing downside risk. Furthermore, our projections indicate that the price has room to move upward toward our take profit target of 2.564E-05.
3. Volume Trends: Observations indicate increasing trading volumes, which typically precede substantial price movements. High volumes can signify strong investor confidence and potential for price acceleration.
4. Quantitative Analysis: Our quantum-based models predict a high probability of SHIBUSDT reaching our TP levels while maintaining a manageable risk with our predefined SL.
By following this signal, you can capitalize on the current market dynamics and potentially achieve significant gains. Please ensure you set your orders as per the specified entry, take profit, and stop loss levels.
Stay tuned for more updates and trade responsibly.
Best regards,
Your Trading Team