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SHIBUST trade ideas

SHIB: Approaching SupportShiba Inu (SHIB) technical analysis: Trade setup : Bullish breakout from Ascending Triangle was followed by a break above $0.000010 resistance and 200-day Moving Average, which confirmed a bullish trend reversal to Uptrend. Now, price is retesting that breakout level. Pullback to $0.000008 could be an attractive swing entry, with upside potential back to $0.000010. Trend : Downtrend on Short- and Medium-Term basis and Neutral on Long-Term basis. Momentum is Bearish but inflecting . MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $0.0000080 (previous resistance), then $0.0000055. The nearest Resistance Zone is $0.0000100, then $0.00001200.
Long
by altFINS
2
Will Shiba Inu Prices Resurface Above $0.000010?Shibarium network's return raises hopes for a SHIB price recovery. SHIB prices rose by 2.24%, indicating potential bullish momentum. A bullish triangle breakout could push SHIB to $0.0000090. After the Shibarium network's troubles, it's now live, embraced by the market. A 2.24% price jump forms a strong bullish candle with a long tail. SHIB price experiences a 23% drop in four days and enters a diagonal low momentum trend. The 4-hour chart shows a symmetrical triangle pattern with resistance from 50 EMA and trendline. A recent jump completes a positive cycle in the triangle pattern, facing resistance. SHIB prices in a symmetrical triangle, primed for a breakout move. Ongoing correction might challenge the support trendline. Potential support at $0.00000794; below, test at $0.00000750. Positive scenario: Break above the resistance trendline could resurface price above $0.0000090. A recovery rally might take SHIB towards $0.000010 overhead resistance.
by Coinpedia-Market-Insight
shiba→ 50% dumphello guys... I am still on my word this coin wants to go down! so bearish!!! right? Or just only my opinion! this coin formed a symmetrical triangle pattern and broke the bottom line! for this situation, the first target is the yellow area! this means at least a 50% drop!!! entry: 0.0000088 target: 0.0000045 _______________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
Short
by melikatrader94
17
SHIB: Pullback in UptrendShiba Inu (SHIB) technical analysis: Trade setup : Bullish breakout from Ascending Triangle was followed by a break above $0.000010 resistance and 200-day Moving Average, which confirmed a bullish trend reversal to Uptrend. Now, price is retesting that breakout level. Pullback to $0.000008 could be an attractive swing entry, with upside potential back to $0.000010. Trend : Downtrend on Short-Term basis and Neutral on Medium- and Long-Term basis. Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $0.0000080 (previous resistance), then $0.0000055. The nearest Resistance Zone is $0.0000100, then $0.00001200.
Long
by altFINS
SHIB/USDT is Ready For a Potential Rally | Shiba Inu Analysis 💎Hello Ladies & Gentleman of ParadisersClub, SHIB/USDT is currently on an intriguing path, steering towards a likely upward swing. 💎In our previous analyses, we saw how demand morphed into supply, causing a significant dip in price. As of now, a 4-hour chart reveals an order block, indicating that the price could soon reach this demand zone and ignite a bullish wave. 💎Diving deeper, Shiba Inu experienced a 36% correction after plummeting from its peak on August 12th, even dipping below the 0.618 Fibonacci retracement level. 💎What's captivating is the candle on August 17th, which closed above this Fibonacci level, and the subsequent Doji candle on August 22nd. This Doji, with its long lower wick and green close, reversed before even touching the 0.618 support. 💎This pattern suggests that while bears attempted to drive the price down, the bulls swooped in, buying up assets and potentially setting the stage for a bullish run. 💎Stay alert and adaptable, Paradisers. Keep your eyes peeled for more updates and happy trading!
Long
by MyCryptoParadise_Simon
✴️ Shiba Inu Correction Likely Over, New 200% Jump PossibleI will read this chart for you in a easy way, keeping it simple and straight forward. If you enjoy the trade idea, make sure to like and follow and this way the algorithm pushes me to the top and I also know to publish frequent updates. Let's get started. Shiba Inu (SHIBUSDT) bottomed 10-June and immediately entered a bullish wave. This wave peaked at 116% growth which is really good, this happened within 2 months. After a strong move or any type of move basically, a correction or retrace forms/develops, this is what you see happening now and very likely coming to an end. Shiba Inu dropped from its 12-August peak and wicked below the 0.618 Fib. retracement level. Total correction -36%. The interesting part here and what constitutes a reversal signal is the fact that the 17-Aug. candle closed above 0.618 Fib., as mentioned above, and the candle that followed five days later, 22-Aug., ended as a Doji with a long lower wick and closing green. This Doji reversed before hitting the 0.618 support. This all means that the bears/negative/down, tried to push prices lower but the bulls bought everything up. We can easily see how the volume was high yet after 17-Aug. it drops. This is all telling us (you and me) that the correction is likely over. If it extends, support is marked on the chart and the bias remains bullish. This is only wave 1 of a bullish impulse as in Elliot Wave theory. The next wave can produce ~200% from the current price, regardless if the next move starts within 3 days or 2 weeks... We have 5 waves total in an impulse, 1,3,5 up, 2,4 down (corrections), meaning, there is plenty of room/time left for additional growth. Your support is highly appreciated. If you enjoy the content and would like frequent updates on this pair, just let me know. If it gets enough boost/likes, I can post daily... Thanks a lot for your support. Namaste.
Long
by AlanSantana
7
Exploring the Potential: Shiba Inu Token's Journey to 0.00000705Dive into the fascinating world of cryptocurrency as we examine the intriguing trajectory of Shiba Inu Token. With its recent fluctuations and promising developments, many investors are speculating on the token's potential to reach a price of 0.000007055. Join us as we analyze the factors influencing Shiba Inu's movement, including market trends, technological advancements, and community engagement. Whether you're a seasoned crypto enthusiast or a curious observer, this exploration into Shiba Inu's journey offers valuable insights into the dynamic nature of the crypto landscape. Discover the possibilities and risks associated with this projection, and gain a deeper understanding of how this digital asset might shape the future of decentralized finance.
Short
by cakpras