Shiba
Shib 1D Where it's safe to buy and where to sellToday we have a SHIBUSDT price forecast since it was voted for in our recent BTCUSDT idea
And also because the SHIBUSD price has reached the liquid zone of $0.00002, which was written about in our previous idea
Today's analysis will be of two possible price movement predictions. For someone, they will be positive, for someone they will be negative, but we just write what we see:
1) More or less safe level to buy long is $0.000025 . Or from $0.00003, but after a consolidation above the trend line. In general, this is the white route.
But roughly speaking, anything above $0.00002 will be in a growth trend, which is trying to form.
2) If the price will consolidate lower than $0.00002 , we can fear with full seriousness another fall of Shibainu token price by -50%. After all, somewhere around $0.00001 is the top of a large liquid zone where SHIB bought last year before the growth.
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SHIBUSDT Falling Wedge forming a Bottom*** ***
For this particular analysis on SHIBA we are using the SHIBUSDT symbol on the Phemex exchange.
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The idea is on the 1D time-frame where Shiba has been trading within a Falling Wedge pattern since the December 24 2021 High. The price has been trading near the pattern's Lower Lows trend-line since the May 12 Lower Low, being unable to stage a sustainable rebound. The longer it trades near that level, the more likely it is to attract buyers and form a bottom.
The immediate target is always the 1D MA50 (blue trend-line) and a closing above it takes us to the medium-term 1D MA100 (green trend-line). Only a break above the 1D MA200 (orange trend-line) can justify further buying, in which case we'll have a long-term bullish reversal into a new Bull Cycle.
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Trading opportunity for SHIBUSDT - Shiba InuBased on technical factors there is a long position in :
📊 SHIBUSDT Shiba Inu
🔵 Long Now 0.00000910
🧯 Stop loss 0.00000810
🏹 Target 1 0.00001010
🏹 Target 2 0.00001120
🏹 Target 3 0.00001380
💸Capital : 1%
We hope it is profitable for you ❤️
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socialparasite69 Gave me some RAD IdeasSo I took some of the tools @socialparasite69 was using because my oddly wired ADHD brain loved his rainbow....
I use Elliot Waves on the regular because I find them hard for me to understand (but how the hell do I figure it out if not for reading and using them)....
But I am trying to build a correlation between them and the Higher Higher Lower Low Stratagy, My Linear Regression lines I love to watch for movement out of channel, and Market Cipher A which is an awesome mix of EMA's that paint this friendly Rainbow.
Thanks to @socialparasite69 for sharing his ideas and the fact Market Cipher A and B Exsist!
I painted Shib up on my chart to show how im marking decisions on market movement.
Any ideas on tweaks are appreciated!
Shiba Inu make's a Rebound.3 reasons you might wanna buy Shiba Inu
(1) Technically:
Obviously the Price is low, and had cleared all FOMO Liquidity, it's now back at Origin Demand Zone, creating new Liquidity like Consolidation to be cleared Lower, thus Tapping into the Origin Demand Block to then be Taken Higher.
(2) Fundamentally:
The price being down, big money investors sees this as an opportunity to go Long. Interest resumes into this market as Shiba Inu is looking to launch into the metaverse with it's Shibarium Project. Also, bitstamp, which is the biggest crypto currency platform in all of Europe is looking to list Shiba Inu to be Traded, and Transacted.
(3) Psychologically:
Majority of the community already thinks it's a pump-and-dump coin due to its massive Draw down/dip, and just as every rally has an End, every Dip as a Bottom to Bounce from. A Rally and Dump will always prevent High Community Interest, and it is also "the Markets Cycle Psychology" to Always Rebound after a Dump after a certain amount of lost of interest from Participants.
You really might wanna buy Shiba Inu.
Manofxlife
#BTCUSD SHORT🔥Greetings to all👋
▫️I think we can test the local resistance zone and go back to the trend retest. I marked the approximate entry zone to the position with a green circle.
💡So far, I have placed an order in SHORT at $ 32.220 near the local resistance zone, I think today we will test this zone, we need to look at the situation, we may have to cancel orders and enter the market.
✅ Do not forget to visit the channel there is a lot of useful information about trading.