SHIBUST trade ideas
SHIBUSDT.1DAnalyzing the daily chart of SHIBUSDT, we can observe a market that has been predominantly bearish but is now showing potential signs of a recovery. The use of a ZigZag indicator helps visualize the larger swings and highlights key levels of support and resistance that are crucial for upcoming price action.
Trend Analysis: The price has established a series of lower lows, followed by a significant recovery from the low at S3 (0.00001121), which acted as a strong support. From this point, the price action has shown a notable bounce, aligning with the formation of a potential reversal structure. Additionally, we are seeing a consolidation near the current price levels, suggesting that the market could be setting up for a move higher if certain conditions are met.
Support and Resistance:
Support Levels: The key support areas are identified as S1, S2, and S3. S3 (0.00001121) remains the most critical level to watch on the downside, as a break below this would signal the continuation of the bearish trend. S2 (0.00001541) is acting as a secondary support zone, while S1 aligns with the lower boundary of the current consolidation pattern.
Resistance Levels: On the upside, we are looking at R1 (0.00002035) as the nearest key resistance. A breakout above R1 would indicate a shift towards a bullish bias and potentially target further upside levels. Breaking above this level could pave the way for more significant bullish momentum as traders may start positioning for higher levels.
Stochastic RSI: The Stochastic RSI is currently positioned in the upper part of the range, but it has not yet reached extreme overbought conditions. This could indicate that there is still room for additional upside before we see any signs of potential exhaustion. However, it’s essential to keep an eye on any crossovers or divergences that might suggest a change in momentum.
Conclusion: At this moment, SHIBUSDT is at a critical juncture. The consolidation near the current price level hints at a potential breakout. If the price can break above the immediate resistance level at R1 (0.00002035), it would likely confirm the bullish reversal and open the path toward higher price targets. On the downside, losing the support at S1 or S2 could trigger a retest of S3 (0.00001121), and breaking below this would resume the bearish trend.
In conclusion, I maintain a cautiously optimistic outlook on SHIBUSDT, provided that the market maintains support above S1 and shows strength in overcoming the resistance levels mentioned. The next few trading sessions will be crucial in determining the next direction of this asset.
SHIBA INU SHIB possible BREAKOUT SOONChart Request on today's show
#shib with a Plan A / Plan B
best price would be to scaling into the trade
... add to entry in the Buy Zone ...
safer entry would be the
break of newly created resistance
(in the Buy Zone)
Market Cap 10.66B
MEME
Not Financial Advise - Entertainment Purpose Only
Always DYOR ( do your own research )
SHIBUSDT major supports ahead and soon after that pumpWe are looking for a heavy pump here like the green arrows on chart also we can expect short-term fall to 0.000014$ first and after testing this support it will start pumping and first target is +200% as we mentioned it on chjart.
DISCLAIMER: ((trade based on your own decision))
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Shiba Inu Positioned for Another RallyShiba Inu Positioned for Another Rally
Shiba Inu recently broke out from a bullish channel, positioning the price for an upward movement.
On the 60-minute chart, we also see a small triangle pattern indicating a second accumulation phase, increasing the likelihood of a bullish trend emerging soon.
A very strong resistance is expected near the top of the channel pattern. If the price moves above this initial resistance zone, it should further boost the bullish momentum.
You may find more details in the chart!
Thank you and Good Luck!
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Shiba Inu shows mixed signals: What’s next for SHIB?Over the past week and month, Shiba Inu (SHIB) has posted steady gains despite market volatility. In the last 24 hours alone, it added 2.67%, reflecting the current trends across the broader market.
Shiba Inu was consolidating within a symmetrical triangle pattern, a technical formation where prices oscillate between narrowing resistance and support levels. This signals a potential build-up for a significant price move.
Traders appear to be accumulating SHIB, betting on a breakout that could trigger a rally. The rationale is simple: higher holdings now could translate into greater profitability if the price takes off.
A breakout from this consolidation could push SHIB toward $0.00002954—a level where strong selling pressure might emerge and potentially cap further gains.
However, while the accumulation phase is underway, technical indicators suggest the anticipated breakout could be delayed.
One indicator is the Parabolic SAR, which has formed dots above SHIB’s price—indicating potential downward pressure that could push the asset’s price lower.
The Relative Strength Index (RSI), which measures the speed of price changes and gauges market sentiment, shows similar bearish signals.
As of this writing, the RSI has shown a downtick, with the price following suit. If this downward momentum persists, SHIB could see a further decline.
The expected target for this move is the support level within the symmetrical triangle pattern, where the price may seek renewed buying interest before any significant upward trend resumes.
Shiba (SHIB) – Return to the Right Shoulder of a Head & ShoulderOn the 4H chart, Shiba shows a return to the right shoulder of a “Head & Shoulders” pattern. The price is near a significant resistance level. If this resistance is broken, the next target is at the upper resistance level.
Trading Scenario:
• Long: If the resistance is broken, aim for the next resistance level to take profits.
• Short: If the price is rejected at the resistance, a pullback to lower levels is possible.
SHIB/USDT today SHIB/USDT is in a downward channel. The price may face resistance at 0.00001739 and is likely to continue falling towards 0.00001640.
Strategy:
Sell near 0.00001739, targeting 0.00001640.
Stop Loss above the channel to minimize risk if it breaks out.
Keep an eye on the channel for any potential reversal!
SHIBUSDT.1DExamining the daily SHIB/USDT chart, it's evident that Shiba Inu has faced significant volatility, following a declining trend that has recently started to show signs of a potential reversal. The chart exhibits a sequence of resistance and support levels that have dictated price movements over the recent months.
Currently, SHIB is trading at $0.00001176, finding immediate resistance at $0.00001610 (R1), with a subsequent higher resistance at $0.00002035 (R2). There is also a long-term declining trend line, marked as R3, which could act as a crucial barrier if SHIB continues to ascend. On the downside, the support level is established at $0.00001098 (S1), with the price having shown resilience around this mark.
The Stochastic RSI indicator is trending upwards from the oversold territory at 15.90, suggesting a possible increase in buying momentum which might aid in pushing the price towards R1. Conversely, the MACD is currently below the signal line, which typically suggests bearish momentum; however, the histogram is showing a reduction in negative momentum, indicating that the bearish pressure may be waning.
From my analysis, if SHIB maintains its stance above the current support at S1 and continues to attract buying interest, there's potential for it to test the immediate resistance at R1. A strong break above this level could see SHIB aiming for R2, facilitated by increased trading volume and positive market sentiment. Nevertheless, traders should be vigilant of the broader market conditions and news that could impact SHIB's price, particularly due to its high volatility and susceptibility to market sentiment changes.
In conclusion, for those considering trading SHIB, it would be prudent to place stop-loss orders just below the S1 level to manage risk effectively. Furthermore, keeping an eye on the MACD and Stochastic RSI for continued signs of bullish momentum will be key in determining the strength of the current recovery.
SHIBUSDT View!!Based on on-chain data showing an increase in whale activity, Shiba Inu looks to be close to a possible recovery. More than three trillion tokens were transferred through major transactions on SHIB in the last day, which represents a notable increase in volume. Whale activity spikes like this one are unusual because they frequently occur before big changes in market prices.
The increase in significant transaction volume may indicate that whales, or large holders, of SHIB are getting ready for a possible price reversal despite their recent relative quiet. There is evidence that major players are beginning to accumulate again, as seen by the 165 large transactions that were recorded in the last day with a total volume of 3.02 trillion SHIB.
SHIBUSDT
Chart by TradingView
shibusdt → a short positionhello guys!
I suppose Shiba hunted the last level!
it is a risky position but I will sit on the short position for this situation!
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SHIBUSDT potential test of Down Trend Resistance lineSHIBUSDT is currently in an accumulation phase, with the price oscillating around the 0.000015 level. The market has bounced off this support level twice before initiating an upward impulse move. The most recent swing upward was stronger than the previous one, signaling a potential increase in bullish momentum. Growing expectations of a possible bull run could act as a trigger for further upward movement. The market continues to bounce off the upward trendline, forming higher lows, which indicates buying pressure. Based on this analysis, the price could retest the channel border, potentially leading to further bullish momentum. The target is the resistance zone at 0.00002.
Lingrid | SHIBUSDT accumulation for BULLISH times AheadBINANCE:SHIBUSDT is currently in an accumulation phase, with the price oscillating around the 0.000015 level. The market has bounced off this support level twice before making an upward impulse move. The most recent swing upward was stronger than the previous one, indicating that the price may be gaining bullish momentum. Additionally, there is a growing expectation of a potential bull run, which could serve as a trigger for further upward movement. The market continues to bounce off the upward trendline, suggesting that price action is forming higher lows, a sign of buying pressure. Based on this analysis, I expect the price to test the channel border again, potentially leading to further bullish momentum. My targe is resistance zone at 0.00002
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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Let's analyse SHIBUSDT both fundamentally and technically.
FUNDAMENTAL ANALYSIS:
Shiba Inu (SHIB) is a meme-based cryptocurrency launched in 2020, inspired by the Shiba Inu dog breed. It operates on the Ethereum blockchain and aims to build a decentralized community. Originally created as a playful experiment, it has gained popularity and features like ShibaSwap, a decentralized exchange. Despite its lighthearted roots, SHIB has attracted significant investment and speculation.
TECHNICAL ANALYSIS:
SHIBUSDT has demonstrated a bullish breakout from a descending triangle pattern, followed by a successful retest and a confirmatory candle. The price is currently supported by the 50-day Moving Average (MA).
A significant price increase is anticipated, as indicated by the substantial surge in Shiba Inu's trading volume within the last 24 hours, reaching $510.90 million. This surge suggests increased activity by Whales.
Entry Zone:
CMP to $0.00001567
Targets level:
Expecting 200% to 300% move
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SHIBUSDT after more range +100% pump ahead As we cam see price is now near major daily supports and we are looking for heavy pump here once again like past like green arrows on chart.
first target is at least +100% pump also major supports and resistances mentioned on the chart.
DISCLAIMER: ((trade based on your own decision))
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resistance from 2021 flipped to support in 2024 :)boost and follow for more ❤️🔥 I'm seeing a major trend from 2021 flip to support here on the latest dip, maybe a bit more consolidation down here but a end of year rally is likely and all my targets hitting early 2025 is the most likely scenario 🤔
ill post some more shib updates in the near future, see y'all soon ⚡
SHIB/USDT Trading Scenario UpdateAfter a significant increase in February and reaching a local maximum of $0.00004575, the price declined to the $0.00001080 mark, which represented a drop of over 76%. As a result of this decline, the quote nearly reached the POC volume level at $0.00001032.
Near this level, a rebound was observed, followed by an attempt at recovery. From the perspective of Fibonacci levels, the current asset price is within a favorable range for purchases (between 1 and 0.75).
In this range, medium-term purchases can be considered with a target price of $0.00002746, which corresponds to the 0.5 Fibonacci level.