SHIB Looking StrongSHIB appears to have broken out of a bullish wedge pattern. It has broken out, retested the breakout level (marked on chart) and momentum looks bullish. Let's hope for a repeat of the move that led to this consolidation wedge pattern!Longby ronzo7777
We up. Hey so. I’m dropping another hundred now. It’s just too tasty to let go. This is not financial advice as I invest by market structure and dollar cost averaging. But this is my entry and it’s looking like a good swing high. Longby KingOfThree6
WHERE I AM BUYING MORE SHIBA ATSHIB/USD 3M - As you can see from the screenshot above, this is where I will be looking at buying in more Shiba. I believe this crypto offers longevity just like BTC does. So with that being said, once price trades us down and into this area I will be looking at buying more Shiba round this area, at this point it will be worth round half of what it is currently valued at and we will have hit a new low. I believe price is within its new wave to trade us higher, I just feel price is correcting itself more fractally, hence this current bearishness we are seeing now. I feel this bearishness will stop once sellers have sold off, and buyers begin to buy in again at this area of interest. There are sell orders in spot sat round this area of interest which I feel will want to be closed before the hike up. This also gives us buyers a great price to get in at before it takes its next large hike. With recent milestones being met like ShibaSwap I feel this crypto holds a-lot of wait. This coin is constantly growing with new things being added.Longby Lukegforex5510
(SHIB) shiba inu "historical volume; above $1B"Placing lines on all the dates with the highest historical volume above $1 billion. The darkest thick line is the date with the highest volume $11 billion March 5th 2024. The top 5 highest dates of volume are in darker red. The rest appear in thin lighter red lines. by CryptocurrencyBlot225
SHIBUSD Hidden Bullish Divergence on the 4H ChartHidden bullish divergence exists for SHIBA INU on the 4 hour chart. This is indicated by a higher low on the price chart while the RSI shows a lower low. This setup typically results in an increase in price. Of course, there are no guarantees, but I have observed this to be the case most of the time. If the price does move higher and the RSI crosses above the 50 line, the price could get back to the resistance level a around .00002940. SHIBA INU is still in a bull flag formation on the weekly chart. A significant break above .00002940 resistance could drive the price to the .00003200 to .00003500 range. It should be fun to watch. Longby Zman11751113
Understanding the High and Tight Flag (HTF) PatternThe High and Tight Flag (HTF) is a powerful yet risky chart pattern used in technical analysis to predict future price movements in stocks and cryptocurrencies. This pattern is characterized by a steep, nearly vertical price rise (the "pole") followed by a consolidation phase (the "flag"). Here’s why this pattern is both dangerous and potentially highly rewarding. Why HTF is Dangerous but Potentially Rewarding Dangerous Aspects: Volatility: The rapid price movement that forms the pole is highly volatile, making it unpredictable. False Breakouts: The pattern can sometimes lead to false breakouts, where the price appears to break out but then reverses direction. Psychological Challenge: Buying a stock or crypto near its peak after a significant rise can be psychologically challenging, leading to hesitation or impulsive decisions. Potential Rewards: High Gain Potential: If the breakout is successful, the price can continue to rise significantly, often mirroring the length of the pole. Strong Momentum: The pattern often indicates strong bullish momentum, attracting more buyers and driving the price higher. How to Identify and Trade the HTF Pattern Identification: Pole Formation: Look for a rapid price increase of at least 90% within a short period (typically two months or less). Flag Formation: After the sharp rise, the price consolidates, moving sideways or slightly downward. This consolidation should be tight, with the price range not fluctuating wildly. Trading Strategy: Confirmation of Breakout: Wait for the Breakout: Only buy when the price closes above the highest point of the flag. This confirmation reduces the risk of false breakouts. Entry Point: Buy: Enter the trade when the price closes above the pattern high. Stop-Loss Placement: Below the breakout: Place your stop-loss order just below the confirmation line protect against potential reversals. Shiba Inu (SHIB) Analysis Using HTF Pattern Let’s apply this analysis to Shiba Inu (SHIB) using the provided chart: Identify the HTF Pattern: Pole (AB): The chart shows a sharp rise in SHIB’s price, forming the pole from Point A to Point B. Flag (BC): After the steep rise, SHIB consolidates, moving sideways in a tight range, forming the flag from Point B to Point C. Confirmation of Breakout: The price needs to close above the highest point of the flag (Point B) to confirm the breakout, signaling a potential continuation of the uptrend. Trading Strategy for SHIB: Buy: Enter the trade when SHIB’s price closes above Point B. Stop-Loss: Place the stop-loss order just below Point B to limit potential losses. Key Takeaway and cognitive bias to be aware of: The High and Tight Flag (HTF) pattern, while risky, offers significant rewards if traded correctly. By waiting for a confirmed breakout, placing a stop-loss just below the breakout point (B), and setting realistic targets, traders can harness the power of this pattern. For Shiba Inu (SHIB), a successful breakout could signal a strong bullish continuation, offering substantial gains for those who enter at the right time and manage their risks effectively. However, traders should be aware of recency bias, which involves giving too much weight to recent events. For example, if SHIB has been rising sharply, traders might assume this trend will continue, ignoring historical data and any reversal signals. This is like assuming it will stay sunny because it has been sunny for the past few days, despite a forecast of rain. Recognizing and addressing recency bias, along with other biases, is crucial. Just as you wouldn't plan a long picnic based solely on recent weather, you shouldn't base trading decisions only on recent price movements. Balancing recent trends with historical context and a comprehensive strategy will help you trade more effectively. Wish you the best luck by WayanEko9
Shiba Bull Run Incoming??Shiba saw a bull run from October 2023 to March 2024 with almost 600% gains. Price has since retraced back to the 61.8% Fibonacci level and created a triangle wedge. As we can see, price has broken out. Lets see where it goes...Longby TheForexMessiah4413
Shiba Inu Long-term Buy with short term markupafter a long awaited breakout do not be fooled and believe this is it. HODL, BUY WHILE YOU STILL CAN at a decent price before the real LIFTOFF!! #ShibaInu #ShibArmy #HODLLongby MabushiiYuko551
Shiba Inu / SHIBUSD PredictionJudging from the solidarity, stability, & calm within the chart show in spite of all the recent events, and news within the cryptocurrency ecosystem along with global news shows a very strong and resilient Shiba Inu #SHibArmy #ShibaInu #Bitcoin. My predictions are shown in the chart, dated for march 30th.Longby MabushiiYukoUpdated 2220
SHIBUSDBullish pattern spotted, there is high probabilites to break upside and continue for upside rally.Longby shivrajshah66Updated 3322
$SHIB LevelsCurrently have a long position. Here are some levels to watch as crypto heats up for this cycle. Thx!Longby ryanlh119
SHIB vs. March Highs - SHIB NEEDS TO DO SOMETHING!what on earth is going on. BTC/ETH as well as most alts have returned to their march numbers. but not shib. she just chillen. shes either dying or completely asleep. tread with caution WENMOON by EnviroElk337
shibainuI'm Expecting potential upside Move on shiba coin.... pay attention to the markets structure & price action on the lower TF.............Longby AFFINITY_MARKETS2222
Shiba Inu SHIB: Eyes Set on ResistanceSHIB is trying to push up from $0.00002155, hinting at upward potential. Exceeding $0.00002611 could trigger a bullish surge towards $0.00003147, while a drop below $0.00001910 might recalibrate support to $0.00001619.by Trade-LeanUpdated 11
Shiba Inu Breaks ResistanceFor 67 days, Shiba Inu kissed the resistance five times of the descending triangle before it finally broke through. Positive signals are adding up. Keep an eye on this one. by OldMoneyCrypto12
$SHIBUSD Accumulating Fabled GreatnessYess... While I can't put a lot of stock into a meme coin, the value here and Risk VS Reward proves that COINBASE:SHIBUSD can be a powerful ally in wealth generation. Recently COINBASE:SHIBUSD has been concentrating efforts into reducing its total supply which is equivalent to a penny stock with a short float. Supply has almost been cut in half from 1 Quadrillion coins to a little over half that. This being the case, when COINBASE:SHIBUSD runs next its likely run will be between 3-4 times its previous run. COINBASE:SHIBUSD is a 5Year plus hold and should be handled with great care. On this chart we can see the liquidity created by Shib way at the bottom. I fully expect a return to this level once more before it takes off and never returns. Returns on this shit coin can rival those of BTC or any of the best crypto rallies. COINBASE:SHIBUSD has no practical use, but FOMO has yet to hit this coin. Once it does, you wont want top be left behind. a 1000$ investment now will give you about 42 million shares. Calculate that when it hits .01 .10 or even 1.0!? Make your own decision. Longby Midgar-1115
Shiba Inu SHIB Update: Bulls vs. Bears - Which Will Prevail?There is a balance between bulls and bears in the daily chart of SHIBUSD. A bullish move and a break-out of $0.00002611 will push price back to $0.00003147. Above $0.00003147 is the next bullish rally zone rally zone. A break-out of $0.00002155 will iwill push price lower to $0.00001910 and $0.00001619, the key daily support.by Trade-Lean1111
Shiba 100% to pennant topthe breakout of this structure "the pennant" is immanent so i do belive in the very near term shiba is a 2x play and it lead the memes ATH is 330% from hereLongby cointrustmoon111
Shiba Inu SHIB: Intraday Trading Frenzy Unleashed!The chart highlights breakout/rejection points, criteria, and targets to execute on the trade opportunity. Find more in the signature!by Trade-Lean114
Remember that all cryptocurrencies rely on BitcoinEsteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own rules. As a supporter of the Elliott Wave Principle, I consider this methodology an invaluable tool for market analysis. After three years of personal experience, I have developed my approach by combining this principle with meticulous consideration of different market scenarios. I strive to avoid market surprises by maintaining a range of market prospects, which enables me to recognize the market structure forming with 100% accuracy. I am pleased to share my analysis with you, with the caveat that I do not provide buy or sell signals. My perspective on idea analysis is entirely impartial, and if my analysis meets your standards, it may serve as a guide to making an informed decision. For your reference and comparison, I have attached my previous analysis of the same market. All the details of my analysis are clearly labeled for ease of comprehension. Nonetheless, familiarity with the Elliott Wave Principle theory would facilitate an understanding of the analytical idea. My study of the Elliott Wave Principle took nearly three years, during which my understanding and experience with this invaluable tool have grown. My progress thus far is a testament to the legacy of Ralph Nelson Eliot, whose genius has provided the foundation for my achievements. May he rest in peace. I express my gratitude for your continued support and kindness, and welcome your comments and critiques. May my analysis be a valuable asset to your business journey, and I remain sincerely yours, Mr. Nobody First Analysis ShibaLongby Mehdi_Abbasi_EWP2217
Shiba Inu SHIB Intraday Trade SetupThe chart highlights breakout/rejection points, criteria, and targets to execute on the trade opportunity. by Trade-Lean119
Triangle Pattern formed & Breakout, Next Kill 2 to 3 zerosIn SHIB/USTD, Triangle Pattern formed and Breakout. I have attached 3 images, before Breakout the Triangle Pattern and during the Breakout Triangle Pattern. Now SHIB in retracement phase, after completing the retracement, SHIB will continue its Up Trend and reach the "Previous High". Then SHIB will likely remove 2 to 3 Zeros. I have been continuously following SHIB for the last 3 years.Longby SasikumarMani1116
Shiba Short TempLooking for Shiba to drop to 0.00001645 at least, possibly down to 0.00001406 Based off market structure and volume. Once it hits that level, look to go long for sharp and violent impulsive wave to the upside.Shortby rcarter27222