SHIBUSDT trade ideas
SHIB Shiba Inu Price TargetIf you haven`t sold the Bearish Pennant:
Nor bought the dip on SHIB:
With the stock market reaching record highs, there is growing optimism that the positive momentum could spill over into the crypto market.
Historically, we've seen a correlation between bullish sentiments in traditional markets and increased interest and investment in cryptocurrencies.
As traditional investors seek diversification and alternative assets, the crypto market, with its potential for high returns, could benefit from this wave of enthusiasm.
This alignment with the prevailing positive trends in the stock market might act as a catalyst, fostering a bullish outlook for the crypto market in the coming days.
My Price Target for SHIB Shiba Inu is the next resistance, $0.00001050.
SHIB BREAKING OUT?I know, memecoin. But the chart is the chart, and I had a great trade from the range lows in the 700s up to around 1100 at the range EQ. As I have shared before, price dropped from there and has formed a descending resistance, which is now being tested. My alarm went off, which means it is time to pay attention.
This breakout would look a lot better on convincing volume with more candle spread by the end of the day. If we do get a candle close above descending resistance, the target is once again around 1150 at the EQ. We can discuss higher if we get there.
SHIBA. USDTCurrently, It's clear two types of transactions in Shiba:
Scalping vs swing.
First, Not very interesting for scalp traders.
Second, It can be suitable for its holder and even swing trader, If the price breaks 0.236 in Fibonacci and stays above $0.0092.
Otherwise, price reduction to $0.0075 is possible.
""of course, In case of support, there is a high probability of price increase from this point""
SHIB SHIBA INU Technical Analysis and Trade IdeaShiba Inu has been trending downward lately, but the price action has stabilized into a sideways range over the past few days. Although I remain bearish overall, entering a short position requires confirmation. Specifically, I would need the price to break below the current support level, followed by a retest and failure to hold that level. Remember, this is solely my personal analysis and should not be considered financial advice.
Shiba: Another Chances To Join - Get ReadyShiba: Another Chances To Join - Get Ready
Shiba is moving down very well as expected from the previous analysis.
Shiba has reacted very well near the zone where it is moving back down at this moment and it should be ready to raise soon.
SHIBA can likely test our red zone before it moves higher again by giving us another
opportunity to join the Long trade again.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
SHIB/USDT | 1W 👀The current price range is conducive to long-term acquisitions.
While I don't anticipate it to surge dramatically, it should still constitute a smaller segment of the portfolio. I've purchased it before and I'm now adding to it with a small portion.
Dear colleagues, I strongly encourage you to weigh your actions and assess the risks involved. Avoid using borrowed funds for investments or trading with leverage, as it can lead to psychological stress and clouded judgment. Remember the importance of diversification to maintain a balanced portfolio and mitigate risks effectively.
- Not financial advice, trade with caution.
✅ Stay updated on market news and developments that may influence the price of ShibaInu. Positive or negative news can significantly impact the cryptocurrency's value.
✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
#Crypto #ShibaInu #Investment #SHIB
SHIB ANALYSIS🔮 #SHIB Analysis 💰💰
🌟🚀 #SHIB has been declining since mid-december 2023. As we can see that #SHIB is trading between two converging trendline and breakdown the trendline which indicates a bearish move. If #SHIB trade below the trendline then we will see support first 📈📈
🔖Current Price --- $0.00000890
🎯Target Price -----$0.00000774
⁉️ What to do?
- We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #SHIB . 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#SHIB #Cryptocurrency #DYOR
SHIB SETTING UPI know, I know. Memecoin. But the chart is the chart.
We had a great trade from around 710 all of the way up to the blue circle at 1150. This was based on holding the range lows and targeting the EQ of the range (dashed line). Now we have a descending resistance. I would not even consider this until that descending line is broken, ideally on increasing volume. Nothing to do now except set an alarm on that line and step away.
Shiba Inu(SHIB) Aims for a 25% Surge Post Falling Wedge BreakoutFalling Wedge Breakout: SHIB price action indicates a bullish breakout from a falling wedge pattern, signaling potential growth.
Resistance at 50-Day EMA: The recent upward trend in SHIB price faces a critical test at the 50-day EMA.
Upside Target: A successful breach above the 50-day EMA could catapult SHIB to the $0.000012 level.
Descending Support Rebound: Shiba Inu finds support along the short-term descending trendline, signaling a possible market stabilization.
200-Day EMA Recovery: SHIB has regained its footing above the 200-day EMA, challenging the 50-day EMA to avert a potential death cross.
Bullish Long-Term Outlook: Our Shiba Inu price prediction for 2024 forecasts a promising bull run for the meme coin.
19% Downtrend in Pattern: SHIB’s falling wedge pattern emerged from a 19% decline, setting the stage for a rebound.
Volume Spike on Reversal: An uptick in trading volume aligns with SHIB's price recovery, reinforcing the breakout momentum.
Technical Indicators Favor Bulls: The MACD and signal lines indicate a bullish crossover, bolstering the trend reversal case for SHIB.
Critical Price Movement: If SHIB sustains its breakout and crosses the $0.000010 mark, it could witness a substantial rise.
Downside Risk: Failure to maintain momentum might see SHIB slide to $0.000008360, highlighting the importance of the current breakout.
Market Influence: The overall crypto market recovery is lending strength to Shiba Inu's bullish endeavors.
Shiba Inu(SHIB)Coin has been going through multiple movements where the price has actually reached the 100 and 200 EMAs.
We are seeing here an amazing opportunity for some further downward movement, but what is catching our attention even more is that potential buy zone near the lower support zone!
Swallow Team
SHIBA INU Trade IdeaSHIBA INU has faced downward pressure and is evidently in a downtrend as we can see on this 4H time frame. We are exploring the Fibonacci retracement levels of 50-61.8% to pinpoint a potential entry point for a short position. It's important to note that this trade idea is purely speculative and not intended as a trade signal. This information should be viewed strictly for educational purposes and not construed as financial advice.
Shiba Inu is Exhibiting a DowntrendIn the daily timeframe, Shiba Inu is exhibiting a downtrend, indicated by its positioning between a high that's lower than the previous one and a low that's also lower than its predecessor.
We anticipate a continued decline in price, with our primary target being the support zone within the trading range, specifically the area marked by the blue support box.
(All analyses will be updated)
This analysis is informational, not financial advice. Good luck!