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Shiba

SHIB: Resistance BreakoutShiba Inu (SHIB) technical analysis: Trade setup : Following a bullish breakout from Falling Wedge pattern, price has now finally also broken above $0.0000080 resistance and 200-day moving average, which confirms a bullish trend reversal to an Uptrend. Price has pulled back and is retesting that breakout level. This could be a swing entry opportunity in Uptrend with upside potential to $0.00001 next. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $0.0000080 (previous resistance), then $0.0000070. The nearest Resistance Zone is $0.0000100, then $0.0000120, and $0.00001200.
Long
by altFINS
SHIB Pennant IncomingOn the journey to a complete W pattern at the $0.000015 price tag there will be a few, if not more, periods of consolidation. After a hot run up to the 0.00000970 range, Shiba Inu is beginning to consolidate into what may be a week long, or slightly longer, pennant formation. Buying opportunities may present themselves around the Fib Retracement Levels with a potential bottom near the 38.2% level. A breakout from the projected pennant could take Shib's value to the 1W (1 week) 38.2% Fib Retracement Level with the 1W 50% level being the next stop if this ceiling is blown through with significant volume. However, more consolidation should be expected in my opinion. As always, a breakdown is also possible which could hemorrhage Shib's value to prior lows. At the time of this article I am still confident on a pending completion of the W pattern (see my other idea linked at the bottom) but macroeconomic factors can accelerate or derail this formation. Stop-losses should be utilized and traders should be cognizant of any significant changes in the climate of the market. COINBASE:SHIBUSD
COINBASE:SHIBUSDLong
by Shepherd_Investor
Shiba Inu (SHIB) Poised For Greatness Shiba Inu (SHIB) are indicating an upward trend, signaling a breakout rally. Following a successful retest of the $0.000080 support level, Shiba Inu has seen an increase of over 15% in the past 24 hours. The memecoin needs to surpass and maintain a level above $0.0000093. At the time of writing, SHIB is trading at $0.0000092, recording a 10.23% increase in the past 24 hours. The lowest and highest price levels during this period were $0.00000815 and $0.0000095, respectively. The trading volume of the memecoin also experienced an 81% increase in the past 24 hours.
COINBASE:SHIBUSDLong
by DEXWireNews
SHIB: Resistance BreakoutShiba Inu (SHIB) technical analysis: Trade setup : Following a bullish breakout from Falling Wedge pattern, price has now finally also broken above $0.0000080 resistance and 200-day moving average, which confirms a bullish trend reversal to an Uptrend. Upside potential to $0.00001 next. (set a price alert). Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.0000070, then $0.0000055. The nearest Resistance Zone is $0.0000080, which it broke, then $0.0000100, and $0.00001200.
Long
by altFINS
#SHIBA#SHIBA Currently the coin found its support at 0.07981$ Personally expect to see the coin at around 0.09843$ 1st where we will see bear reaction. (2) Only after breaking above that level we can expect it higher at 0.119$ (3) If the coin manages to break above 0.139 in this case consolidation between this price and 0.152$ possible where either init breaks above 0.152$ and goes higher (4. 5.) or below 0.139$ in this case it may come back to 0.119$ or even 0.098$ My bullish TA invalidates if the coin comes back to its support at 0.07981$ and closes below with H4 or H6 in this case the coin will dump till that green box that you see on the chart.
Long
by vazitrades
2
SHIBA INU Technical Analysis And Trade Idea SHIBWelcome to our SHIBA INU Technical Analysis and Trade Idea. In this video we dive deep into the SHIB/USDT pair, focusing on the prevailing bullish sentiment found in the weekly (1W) and daily (1D) timeframes. Notably, our charts signal that SHIB is currently on the verge of a crucial support level, a pivotal turning point for this digital asset. Throughout this discussion, we'll explore the fundamental tenets of technical analysis, encompassing vital aspects such as analyzing the ongoing market trend, price dynamics, market structure, and other critical elements of technical analysis. As we progress through this analysis, we'll meticulously examine a potential trading opportunity within the SHIBA cryptocurrency. It's essential to underscore that the insights we share in this presentation are intended solely for educational purposes and should not be construed as financial advice. Participating in the foreign exchange market and cryptocurrency trading carries a significant level of risk. Therefore, it is imperative to prudently incorporate robust risk management strategies into your trading plan to effectively navigate these challenges.
Long
by fxtraderanthony
3
#Shiba #shibusd targets until the end of 2023.Shiba's TARGETS until the end of 2023. Unfortunately, Shiba's charts are incomplete and do not show the initial movements and rises of this currency, so it is difficult to analyze its next goals. But if we consider the same chart and consider the Ascension from 2020 to 2021 as a five-wave structure, based on the existing possibilities, we will reach a series of targets. Target one and two are available with a high probability, target three is ideal and target four has a low probability, but this is not the end of the job and if the conditions are met, higher targets are also available. TARGET1: 0.00001480$ TARGET2: 0.00003000$ TARGET3: 0.00007500$ TARGET4: 0.00016000$ TARGET5: OPEN Suitable entry range: 0.00000850 - 0.00000700$ STOP LOSS: 0.00000630 $
Long
by KhaniTechnical
3
!! Mysterious Shiba !! It is true that after the launch of Shibarium, we saw a downward correction in the Shiba trend. Something that not only Shiba, but the whole market was involved in. But the data shows that before the halving of Bitcoin, which will happen on May 1, 2024, we will witness a significant growth of digital currencies, especially Shiba. Based on Shiba's development plans, including the launch of Shibarium and the news of stablecoins and the high amount of token burning and the increase in investor demand, it indicates an upward trend. If this analysis is of interest to you, please support me with a boost and comment.Thank you
Long
by MyNameIsMilad
5
SHIB/USDT Break and switch to Bullish Momentum or Rejected ??💎 SHIB has certainly caught our eye, navigating within a descending channel formation. Recently, SHIB initiated a noteworthy ascent after rebounding from the demand zone. 💎 However, for SHIB to shift into a bullish gear, it needs to conquer a significant milestone: breaking free the descending channel pattern and overcoming the local resistance. Probability this breakthrough could set the stage for SHIB to smoothly continue its upward trajectory, aiming for the supply zone and probability of reaching the Bearish OB. 💎 On the flip side, if SHIB stumbles in its attempt to breach the pattern or faces rejection at the descending channel's resistance, it might necessitate a retreat, seeking renewed strength by returning to the demand zone. 💎 The outlook becomes bleaker if, during its reassessment at the demand zone, SHIB finds the area unable to withstand the selling pressure. A failure to uphold the demand level, marked by a decisive breach, could propel SHIB into a continued downward spiral, steering it towards the critical support territory.
by MyCryptoParadise
SHIB/USDT Nest possible move? 👀 Shiba Today Analysis💎 Paradisers, turn your attention to SHIBUSDT as it navigates within a demand zone, signaling potential upcoming developments. 💎 For a considerable duration, SHIBAINU has been tracing a descending channel pattern, with the upper boundary consistently acting as a formidable resistance. 💎Currently positioned within the demand zone, our analysis leans towards the possibility of the asset challenging the aforementioned resistance once again in the near term. 💎 However, given the prevailing market uncertainties, should SHIB breach the demand zone, be prepared for a potential bearish descent. 💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insight
by MyCryptoParadise