SHIB Shiba Inu: Staying Above The Support LineHello friends, today you can review the technical analysis on a 4H linear scale chart for Shiba Inu (SHIBUSD), a cryptocurrency.
Quick Analysis:
1) The price is supported by a multi-month trendline.
2) Recently the price broke out of a Falling Wedge Pattern and is currently moving upwards.
3) The price is headed into a heavily traded area as shown by the VPVR.
4) Volume is still low.
5) RSI (relative strength index) has room for growth. It recently completed a Double Bottom Pattern and is headed higher.
6) Please review the chart in detail as many of the analysis points are already shown on the chart.
What are your opinions on this?
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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Shibarmy
SHIB on track for 0.00007400If you haven`t bought at this first call, when SHIB was 0.00000684:
or when the retracement was completed:
then you should know that SHIB is still on track for 0.00007400usd.
i have determined that value by using the Fibonacci extension tool and choose the Fib 0.618 as my main target.
$SHIBA INU target by end of 2021 ✅BINANCE:SHIBUSDT
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Thank you.
Possible Targets
➡️Hold 0.78 lvl by Fib
➡️Last impulse up according to size second impulse
➡️If we break out previews ATH the last point I marked on chart
➡️In more optimistic scenario Shiba can touch 2.61 lvl by FIB
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This is it folks!It might have been a down day today but it looks like for the time being we are coming out of this falling wedge pattern. If you look at the chart, I have a line drawn at 0.00004116. I drew that line on the 19th or 20th to mark the 50% correction in the over all run up since the end of September. You will also see I have a rather crudely drawn arrow that is bouncing off of that line which I was predicting it to bounce off that 50% correction mark and what do you know it did for the most part. So if we use the falling wedge to try and predict where we are going entry should be around 0.0000545 and our target should be around .00010 . you will also notice that there is a trend line on the run up and marks at the 0.00010 mark and one at the 0.00012 mark these were my predictions as well (Which by the way were laughed at). So in conclusion (I could talk all day about this) textbook falling wedge could drop further down before popping but this is my TA of SHIB. Also this is the Day chart so I'm predicting a nice slow burn(I'd love a huge pop but with big pump comes big dump). Oh Ignore the green horizontal lines they are my 1x points so for those of you who can count up around 4x, the horizontal red line is where I took some profits on the way up. If you made it this far in my write up thank you for entertaining me and my rant. Let me know what you think. And obviously SHIB TO THE MOON!!!
Shib Starting the next set of Waves on the Hourly, BULLISH!!!Goodmorning everyone, I've taken off of work today because of a badddd toothache, but the gains will help negate that lol. I'm still very bullish on shib, looks like we just completed a Whole Elliot wave on the hourly and we are staring the next WAVE 1 Now.. Which means that on a higher timeframe we are just now starting wave 3 of the overall larger picture. My prediction is that the overall wave will touch the ATH again soon, retrace back to the .00006-.00007 area then create a new all time high from there..
Not Financial advice, this is just what I currently see going on at the moment, all of my shib calls seem to have been correct in the last few days.. this post may not age well so dont come at me lol.. Have a great day yall, Happy Trading!
SHIBA INU ROCKET(HODL) KRAKEN LISTINGSHIBA INU LISTED ON Kraken Exchange
November 30 — at which point Kraken will enable order entry and execution.
SHIBA INU is now listed on coinbase / binance / etoro / webull and many more
DONT MISS OUT more platforms listing soon as well
Deposits require 20 confirmations (~5 minutes). You can add SHIB to your Kraken account
Half of its supply of one quadrillion tokens was sent to Ethereum creator Vitalik Buterin, who donated ~$1 billion worth to India’s Crypto COVID Relief fund. He later burned the remaining tokens (an estimated 40% of the supply).
Broken on the upside, potential bullish movement aheadLooks like Shiba is attempting a break out of the descending channel. Still hoping to have some buying opportunity before this rocket takes off, but with the MACD about to cross into bullish territory from a 26 day bear run, things could make a turn pretty quick. If it breaks resistance of around 4800 we could see some real action. DYOR and remember to take profit!