Shib-continuationShib-continuation
The latest Shiba Inu burn figures underscore the community’s dedication to this strategy, with over 2 billion tokens removed from circulation within a single week. At the time of writing, the total circulating supply of the meme coin is 589.27 trillion SHIB tokens.
SHIBUST trade ideas
SHIBUSDT.1DThe daily chart of SHIB/USDT exhibits an interesting pattern with key technical levels marked by recent price actions and indicator readings. This analysis will delve into the support and resistance levels, the current market trend, and the implications of various indicators.
Price Action and Structure:
SHIB/USDT has been experiencing fluctuations within a defined range, recently showing an upward momentum that pushes it towards key resistance levels. The price is currently near $0.00002313, indicating a recent recovery from lower levels.
Resistance and Support Levels:
Resistance Levels: Immediate resistance can be seen at $0.00003304 (R1). A breakthrough this level could propel the price towards the next major resistance at $0.00004533 (R2), marking previous highs.
Support Levels: The support at $0.00002023 (S1) serves as the primary level if a pullback occurs. Further down, $0.00001095 (S2) stands as a stronger support, followed by $0.00000878 (S3), which represents the lower bounds of the recent trading range.
Moving Averages:
The ascending trendline (green) highlights dynamic support that has been guiding the price higher. This line is crucial for maintaining the current bullish momentum.
Technical Indicators:
MACD: The MACD is close to crossing above the signal line, with the histogram showing positive momentum increasing, a bullish signal indicating potential for continued upward movement.
RSI: The Relative Strength Index is at 61.94, suggesting that there is still room for upward movement before the asset becomes overbought, which is set around the 70 level.
Conclusion:
SHIB/USDT's recent market behavior suggests a bullish trend with the price testing near-term resistance levels. Should it break above $0.00003304, it may target higher resistances at $0.00004533. The technical setup, supported by MACD and RSI, favors bullish scenarios, but traders should remain cautious and watch for potential reversals, especially if the price fails to hold above the dynamic support. A fall below the support at $0.00002023 could trigger a test of lower support levels, necessitating tight risk management to capture volatility while protecting against sudden downturns.
SHIB: Keep an eye on this level!I hope everyone is having a fantastic time and making the most of their summer vacations with their loved ones!
If you're looking to trade SHIB at the moment, here's a quick setup that you might find helpful!
The idea is: Buy when the price breaks above 0.00001875$ and take profits at the levels shown in the chart.
Targets:
1. 0.00002$
2. 0.0000225$
3. 0.000025$
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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!
shib usdtHello dear friends, I hope everyone is doing well. Today, after a long time, I am sharing an analysis regarding SHIB/USDT. Observing the current trend, it seems likely that SHIB/USDT might hit new highs in the near future. Therefore, if I need to take an entry from a stronger zone, I will wait for the mentioned liquidity to be hunted and then proceed based on confirmation. I encourage you all to review this setup, conduct your own analysis, and form your perspective to set up a trade accordingly. Please note that this is not financial advice; it’s just my personal idea that I’m sharing with you. Thank you!
Neglected brotherJust wanted to show the Shiba some love, which has always been my least favorite dog coin. Unlike wannabe Bitcoin tyrants, we love our competitors here. Dog brotherhood against Bitcoin tyranny. Yes sounds nice.
The neglected brother can show some strength here after the free fall against DOGE. Unfortunately I have zero SHIB right now because I chose the big bro and the bro with the hat.I might rotate some of my DOGE to SHIB in a few days or weeks although not much. I'll update.
SHIBUSDT was sleep wait for more breakout and pump soonAs we said before major coins now received good pump and SHIB is still +100% from daily low and soon we are looking for a valid breakout here to the upside and after that +200% more gain is ahead at least.
DISCLAIMER: ((trade based on your own decision))
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Shib Shib. has been consolidation for a little while now. Doge coin has been stealing a lot
Of the thunder.
Shib is building a symmetrical triangle with resistance around 2600 area. Next move could push us as high as 3700 which is the next fib retrace but with a current sunset tidal triangle target of 3500
I am buying shib around this point down to as low as 2350. Shib is getting ready to a make a big leg up in my opinion. Could be a could time to buy
Accumulation or DistributionMany thanks to @VIPROSE for her pointing out that SHIB is currently consolidating.
Please be careful with this candle and the next candle, check for Higher Highs and Lower Lows on these next two candles and for positive SRSI readings and the MACD and the RSI. Hopefully it stays in the structure and break out up and not fall to the imbalance area or demand area?
Shiba Inu ($SHIB) Analysis:#Shiba Inu ( CRYPTOCAP:SHIB ) Analysis:
#Shiba Inu ( CRYPTOCAP:SHIB ) is currently trading within a consolidation phase, showing potential for a breakout. The accumulation zone lies between 0.00002387 and 0.00002541, providing an opportunity to enter. If CRYPTOCAP:SHIB breaks above the resistance, targets are set at 0.000031040, 0.000034024, and 0.000037372. The current setup suggests a bullish continuation, so traders should watch for confirmation of the breakout while placing stop-losses below the support zone to manage risk. CRYPTOCAP:SHIB remains a key asset to monitor for short-term growth.
SHIB: Keep an eye on this level! If you're looking to trade SHIB at the moment, here's a quick setup that you might find helpful!
The idea is: Buy when the price breaks above 0.0000263$ and take profits at the levels shown in the chart.
Targets:
1. 0.0000265$
2. 0.000027$
3. 0.0000275$
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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!
SHIBUSDT.1DAs I analyze the SHIB/USDT daily chart, I observe that the price is trading around 0.00002593, reflecting a consolidation phase after a breakout from a symmetrical triangle pattern. This breakout indicates bullish momentum, though the price is now approaching critical resistance and support levels.
The immediate resistance is at R1 (0.00003304). A breakout above R1 could signal the continuation of the upward trend, potentially targeting the high of 0.00004567. On the downside, the closest support is at S1 (0.00002023), with deeper support at S2 (0.00001095). These levels align with the rising trendline, indicating that as long as S1 holds, the bullish structure remains intact.
The MACD (12, 26) indicator currently shows a neutral stance, with the MACD line near the signal line and minimal histogram activity. This suggests that momentum is neither strongly bullish nor bearish at this moment. On the other hand, the RSI (14) is at 66.26, indicating that the price is approaching overbought territory. While this highlights strong buying pressure, it also suggests the possibility of a short-term pullback or consolidation.
If SHIB breaks above R1 with strong volume, it could confirm further bullish momentum toward R2 and potentially the high of 0.00004567. Conversely, if the price faces rejection at R1, it could retrace toward S1 or S2, where buyers might look for re-entry opportunities.
In conclusion, my outlook for SHIB/USDT is cautiously optimistic. The key focus remains on the price action around R1. A decisive breakout would signal the continuation of the bullish trend, while a rejection could result in a pullback to key support levels. I will monitor momentum indicators and volume closely to adapt to any changes in market dynamics.
shiba usdt is involved with weekly resistance....shiba is touching the weekly resistance but now is involving with .
we will wait about a day now on , if closed up side the 0.00002824 strongly , except to see 0.00003000 and 0.00003200 and finally 0.00003363 yet ...
for supports we have 0.00002559 and 0.00002435
Good luck