Time to keep an eye on SHIB!! SHIBA Inu has seen a nice retracement, but now it may be time to 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 0.0000275$ and take profits at the levels shown in the chart.
Targets:
1. 0.0000284$
2. 0.0000303$
3. 0.0000313$
4. 0.000033$
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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!
SHIBUST trade ideas
SHIB/USDT WEEKLY CHART UPDATE !!Hello friends, welcome to this SHIB/USDT update from Crypto Sanders.
Chart Analysis Everyone, what are your thoughts on the charts? Please share your comments regarding the SHIB/USDT Weekly Update.
Shiba Inu (SHIB) finished the week with a notable rise of 14%, emerging as the top performer on our list. This significant improvement is noteworthy, especially given the recent decline in new local levels.
The key support lies at $0.000025, where buyers have so far successfully maintained a hedge against further selling pressure. Resistance is $0.000037.
Going forward, the optimal scenario for this meme coin includes consolidating the above key support and potentially starting a new rally in May.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
📈 Shiba Inu Coin: On the Rise Again! 🚀
Title: 📈 Shiba Inu Coin: On the Rise Again! 🚀
📉 Analysis:
Shiba Inu Coin (SHIB) has been showing promising signs as it bounces off its support at 0.00002643. This bounce indicates renewed investor interest and buying pressure in the cryptocurrency.
📈 With the momentum building, SHIB appears poised to target the 0.000036 mark in the near term. This represents a significant upside potential for traders and investors alike.
💼 However, it's essential to consider the broader market trends and factors influencing SHIB's price movement. Market sentiment, regulatory developments, and overall cryptocurrency market conditions can all impact its trajectory.
🔍 Traders should keep a close eye on key resistance levels and monitor any developments that could affect SHIB's performance in the short to medium term.
🚀 Overall, with its recent bounce off support, Shiba Inu Coin is showing resilience and potential for further upward movement towards the 0.000036 target.
Will This Scenario Repeat itself?I still don't understand the value added for Shiba Inu neither it's differentiation strategy from other crpto, yet people invest in it in hopes to make some profits. I don't invest with such mindset lacking future vision and mission, however this trend analysis stood me.
This is not a financial advice. It's only my own idea.
Bearish trend continues. Is it part of a bigger picture?Something makes me wonder whether this will turn into a wxyxz correction given the impulse wave failed to breakout of the down trend and we are on a 5 wave form down. Bottom target for next pivot is at 0.00002260 OB. We need good volume to break the pattern but should see rebound and up trend back to 0.00002700 range. My only worry is this is likely a B wave which will end in another 5 waves down. BTC has been holding relatively strong. No big dumps will help maintain strength in alts and memes. Its a difficult market to read.
SHIB - DUMP Incoming 📉📉Hi Traders, Investors and Speculators of Charts📈
Shiba was unable to breakout above the recently formed pennant pattern in the weekly timeframe. Usually pennants are bullish but if the pattern fails a huge downside can be expected, indicating weakness and dominant sellers.
The next likely support is only at the moving averages, with both the 50d and 100d roughly at the same place (price tags on the right hand side). If the markets do not turn around in the immediate future, SHIB could drop as much as 40%, since it drops much harder than BTC and ETH during liquidity rotations.
Considering that this is the weekly timeframe, it may take some time for the price to reach the moving averages trendlines.
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BINANCE:SHIBUSDT
Lingrid | SHIBUSDT long RANGE zoneThe price perfectly fulfilled my previous idea. The market went up and hit the target level. BINANCE:SHIBUSDT formed a range zone, then broke through it downside. Overall, the price updated higher highs and higher lows on the 1H timeframe. The price is pulling back to support levels, which is the swap zone. I think the market might move upward if it pulls back to the swap level and rejects it. I expect the price to retest the middle of the range zone and then go up. My target is resistance at 0.00002700
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
SHIB's New Growth?The price of SHIB, after reaching a defined resistance area and experiencing a price correction, is now beginning to grow again. This growth has been accompanied by a break in the downtrend line, and if the price can stabilize in the four-hour timeframe and form a strong bullish pattern, there is a possibility of resuming the uptrend. Conversely, if strong bearish patterns form, the price is expected to decrease again.
SHIB is ready for a big move to the upside!It seems like the price broke to the upside from the 46-day downtrend, and now is the time to keep an eye on SHIB! 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 0.00002851$ and take profits at the levels shown in the chart.
Targets:
1. 0.0000294$
2. 0.0000305$
3. 0.0000319$
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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!
I Cannot SHORT This !!!Hi.
➡️ the odds of another bullish Movement is Pretty high because the pattern which SHIB is in, Is a Bullish wedge Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens....
✅ Due to the Ascending structure of the chart...
🟢 The odds of another Bullish Movement is High!
🟢 Bullish wedge is Visible on The chart!
🟢 REEGULAR BULLISH Divergence
🟢 No break out yet!
🟢 FALLING WEDGE
✨Targets are:
🎯$0.00002969
🎯$0.00003280
🎯$0.00003660
🎯$0.00003930
❗ Note that if the WEDGE is broken down with the power of descending candles, our analysis will fail.
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Shiba Inu Raises 12 Million Via TREAT For Layer-3 BlockchainShiba Inu's lead developer, Shytoshi Kusama, has disclosed that the company has successfully raised $12 million in funding via TREAT tokens for the development of its new privacy-focused Layer-3 blockchain and Shibarium projects. The announcement has led to a 1% jump in the CRYPTOCAP:SHIB price. The capital was raised from several venture capital firms, including Animoca Brands, Mechanism Capital, and Polygon Ventures, among others.
Shiba Inu ( CRYPTOCAP:SHIB ) aims to expand its use cases and utility by developing its new privacy-focused Layer 3 blockchain and other projects with the funding raised through TREAT utility and governance tokens. The funds will be primarily allocated towards the development of Shiba's new privacy-based Layer-3 blockchain with Zama and to ensure its Shibarium blockchain remains in focus, while expanding security measures and regulatory compliance. Moreover, TREAT will hit the crypto market later this year, and the Shib ecosystem will also introduce a new token called Shi stablecoin.
The announcement was made by Shytoshi Kusama during the Token2049 event, leaving the Shib Army in a state of excitement and anticipation. The SHIB price has risen to $0.00002705, with the 24-hour low and high being $0.00002551 and $0.00002761, respectively. However, the trading volume has decreased by 27% in the last 24 hours, indicating a decline in interest among traders. As a prominent meme coin that has expanded into a broader ecosystem, including decentralized finance (DeFi) applications and a dedicated blockchain, Shiba Inu ( CRYPTOCAP:SHIB ) is gradually progressing towards its aim of becoming a mainstream financial entity.
Technical Outlook
The meme coin termed Shiba Inu is trading above the 200-day Moving Average (MA) with a moderate Relative Strength Index (RSI) of 53.63. The Monthly price chart depicts a bullish Symmetrical Triangle patter which accentuates to CRYPTOCAP:SHIB 's bullish trend.