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SHIBUST trade ideas

SHIB (Shiba Inu) Technical Analysis & Trade Idea (video)Further to my previous post I thought I would do a video to explain my thought process behind the trade idea. SHIBA INU has been experiencing significant selling pressure, compromising its previous bullish trend and indicating a potential reversal. The 50% Fibonacci retracement level presents a logical entry point for a short position. As the market seeks liquidity, price action could target previous swing lows. Consider initiating a short position on #SHIB at the 50% Fibonacci retracement level with targets at previous swing lows, employing a strict stop-loss above the recent swing high. Important Disclaimer: This analysis serves as a technical perspective and should not be treated as direct financial advice. Conduct your own thorough due diligence and implement sound risk management strategies before executing any trades.
Short
by fxtraderanthony
SHIB (Shiba Inu) Technical Analysis & Short Trade SetupSHIBA INU has been experiencing significant selling pressure, compromising its previous bullish trend and indicating a potential reversal. The 50% Fibonacci retracement level presents a logical entry point for a short position. As the market seeks liquidity, price action could target previous swing lows. Consider initiating a short position on #SHIB at the 50% Fibonacci retracement level with targets at previous swing lows, employing a strict stop-loss above the recent swing high. Important Disclaimer: This analysis serves as a technical perspective and should not be treated as direct financial advice. Conduct your own thorough due diligence and implement sound risk management strategies before executing any trades.
Short
by fxtraderanthony
SHIBUSDT.1DBased on the market data provided, the SHIB/USDT pair is currently trading at 97.0. The Relative Strength Index (RSI) over a 4-hour, 1-day, and 7-day period are 58.81, 60.11, and 55.90 respectively. These figures suggest that the pair is neither overbought nor oversold in the short, medium, and long-term. The Moving Average Convergence Divergence (MACD) for the 4-hour, 1-day, and 7-day periods are 2.0, 12.0, and 23.0 respectively. This indicates a bullish trend in the short, medium, and long-term as the MACD is above zero. The Bollinger Bands for the 4-hour, 1-day, and 7-day periods are 10.0, 100.0, and 1108.0 respectively. This suggests that there is a significant level of volatility in the market, especially in the long-term. The support levels for the 4-hour, 1-day, and 7-day periods are 94.0, 93.0, and 89.0 (Support1), 90.0, 87.0, and 79.0 (Support2), and 87.0, 84.0, and 75.0 (Support3) respectively. This suggests that there is strong buying pressure at these levels. The resistance levels for the 4-hour, 1-day, and 7-day periods are 10.0, 1051.0, and 111.0 (Resistance1), 1051.0, 111.0, and 1194.0 (Resistance2), and 111.0, 1126.0, and 1260.0 (Resistance3) respectively. This indicates that there is strong selling pressure at these levels. Considering the above analysis, the SHIB/USDT pair is in a bullish trend across all time frames. However, it's also important to note the high volatility and strong resistance levels, which could lead to significant price fluctuations. Please note that cryptocurrency investments carry a high level of risk and you should only invest what you can afford to lose.
by MarsSignals
#SHIB → Waiting for the corner pattern to breakIt has a corrective structure in daily and H4 time frames. In a support strip with a corner pattern, it can have two movement paths. If the blue bar is formed by one or more confirmation candles, it can break the dynamic resistance trigger and have a temporary rise to the specified supply area. Otherwise, with the failure from the bottom and confirmation below the blue band, there will be a possibility of continuing the correction to the previous floor. ----------------- Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.
by UnknownUnicorn7266498
1
SHIBA: It Should Rise MoreSHIBA: It Should Rise More SHIBA price broke out of a bullish pattern and now looks poised to go higher. As the market will take profits from BTC and ETH maybe these altcoins with solid patterns are the next to move. From our previous analysis the price has reacted very well in the reversal zone increasing the chances of this bullish movement. 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❤️
Long
by KlejdiCuni
2
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.
Long
by TopgOptions
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.
by ScottMelker
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.
Short
by fxtraderanthony
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❤️
Long
by KlejdiCuni
2