It has broken the downtrendThe downward trend is broken again at the bottom, now we have to wait for it to break the resistance! Digital currencies are really difficult to analyze because they do not adhere to chart rules.
SHIBUSDT.PS trade ideas
SHIB/USDT planning bullish ride? 👀 🚀 Shiba Inu Today AnalysisParadisers, pay attention! Let's delve into the enigmatic rise of SHIBUSDT, currently situated in a demand zone and primed for a potential bullish surge👀
💎 We've recently noticed that it hit a specific resistance level at 0.00000856 and faced rejection from an overhead supply area. Interestingly, it's once again approaching this same resistance level.
💎 Given the presence of an unaddressed supply zone, it's highly likely that the price will break through this resistance and reach higher OB levels soon.
💎 However, keep an eye on the invalidation zone; if the price dips below 0.00000635, consider a short entry to capitalize on the downward movement.
Keep your charts updated and Stay one step ahead of the market 🌟 🌴
Potential for Further Decline Amidst Bearish SentimentSHIB experienced a notable price decline over the past week, reaching the lower boundary of its established price channel at $0.00000750. The current scenario hinges on a potential favorable response to this level, marked by a break in the prevailing downtrend line. Such a development could signify a positive indication for price appreciation, with the possibility of a rise towards the upper boundary of the channel.
In the context of the 4-hour time frame, there is an almost balanced distribution between bearish and bullish candle formations. However, the relatively small bodies of the bullish candles indicate the limited strength of buyer interest. This sentiment is further underscored by the fact that, when observed on the daily time frame, all candles from the preceding week display bearish characteristics.
Consequently, the breach of the upward dynamic support line has introduced the potential for a retracement to the aforementioned range. This retracement, if realized, might lead to a continuation of the ongoing downward trajectory in SHIB's price. A possible outcome of this scenario could involve a further decrease in the value of Shiba Inu's cryptocurrency, potentially approaching the support zone around $0.00000600.
SHIB: Support BreakoutShiba Inu (SHIB) technical analysis:
Trade setup : Following a bullish breakout from Ascending Triangle, price reached $0.0000115 and looked like it entered a new Uptrend. However, price pulled back and broke below $0.000008 support, which is where the prior bullish breakout occurred. This opens up downside risk back to $0.0000055.
Trend : Downtrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $0.0000080, which it broke, then $0.0000055. The nearest Resistance Zone is $0.0000100, then $0.00001200.
Is a 10% Decline to $0.0000065 in the Cards?SHIB price breaks a pennant pattern and moves away from the 50-day EMA.
Potential downtrend continuation for SHIB, targeting $0.0000065.
Shiba Inu's 2023 performance shows a 7.64% YTD drop.
SHIB trades at a massive 91.65% discount from its all-time high of $0.00008854.
The 50 and 200-day EMA indicate a bearish trend for SHIB.
SHIB broke its triangle pattern last month, leading to a bearish pennant breakdown.
Over the past six days, SHIB has declined by 10%, currently trading at $0.00000752.
Technical indicators, MACD and RSI, suggest increasing bearish momentum.
Key support levels for SHIB are at $0.0000070 and $0.0000065.
If SHIB breaks above the 50-day EMA, it could target $0.0000090 and potentially $0.000010.
SHIBUSDT near major daily supports As we said before two major daily supports which are 0.000007$ and 0.0000055$ can easily stop the price from falling and then we are looking for heavy pump here like the green arrows.
DISCLAIMER: ((trade based on your own decision))
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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.
Shib to drop 10% sorry shib armyShib broke its upward trangle. Loves this coin but will have a drop this week because of overal market fearness. Take profit at this levels and move stop loss. Market entree if your not already in take account of the stoploss.
SHIBUSDT near major daily supports As we said before price is near major daily support zones and soon we are looking for at least +200% pump here also major resistances and targets are all mentioned on the chart.
DISCLAIMER: ((trade based on your own decision))
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SHIB ANALYSIS (1D TF)Shiba seems to have created a diametric that is now finishing the F branch.
Branch G can be dwarfed and end up in the red box.
I included the targets.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Shibainu ... 🎯 TargetVery high goals, first goal of 1000, Then 16000 and higher levels, based on Fibonacci and price action. Shiba seems to be able to have a strange growth like in the past, up to 1000. Then 16000 and higher levels, based on Fibonacci and price action. , up to 2200, 5000.
SHIBUSDTBINGX:SHIBUSDT.PS
Elliot Wave
Channel
EMA30 & EMA50
Order Block
Ichimoku
By this tools we analysised the chart
Follow & Boost me.
SHIB SHORT 15MA lot of coin broke down to find new support, I expect Shib will break down as followed. More details analysis will be updated later
SHIBA Possible Daily Movement 🤓♻️🤓♻️Hi dear traders
SHIBA reached the daily Order Block 🚫 area.
Now best time ⏲️ to reverse.
We can open long position with suitable stop-loss.
All targets specified
Let's see what happens
This is not financial advice ( DYOR )
Good luck
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.
✴️ Shiba Inu Bullish One Week Later (200% Potential)After an entire week, the Shiba Inu chart continues bullish; This is an update to our previous trade idea.
In this chart we can clearly appreciate an ascending channel as all the signals continue pointing up.
The support levels are marked on the chart blue, you can find additional information in the previous analysis by clicking the image below:
We are looking at a 200% potential in the coming months.
Namaste.
SHIBUSDT supports ahead As we said before two daily major supports here can easily pump the price and we are looking for at least +200% pump here(long-term).
DISCLAIMER: ((trade based on your own decision))
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Shiba Scalp By HesamUNThey traders
as u can see, Shiba playing at ascending triangle
after break up confirmation, we can go for nxt lvl
also ichi confirmed this move in 5m 15m and 30m TF by bull cross
share ur thought and leave a comment
wont b valid if break down the pattern in 4H TF
Shib formed an inverse H&S I believe Shib could make a move higher,it’s also in somewhat of a descending wedge pattern
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
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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.
SHIBUSDT wait for pumpAs we said before we can expect more range or even short-term fall here but soon after that pump is expected and we are looking for +100% pump and targets here.
DISCLAIMER: ((trade based on your own decision))
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