Shiba Inu...Shiba Inu should fly from now on after invalidating a key level from last week. the adjusted count is one above, it wasn't clear because most ending structures are like that, the moment my mentor & I (Individually) started questioning ourselves on the clarity of the structure I knew we should be going upside. The wave that started early this month was an ending diagonal which is also mostly similar to corrective structures (3-3-3), The wave looks more like a 3-3-3-3-3, so I had to be patient until it was complete, that's why i was calling for a more conservatives approach looking for that at the very end. Breaking last weeks low was enough to complete the final 5th wave in a diagonal in 3 waves(always after 3 I usually expect an impulse). So the strength of the impulse right up above the May 14, low (0.00001146) means the down side move is now complete.
Targets.
Again conservatively looking, we should see:
161.8% extension $0.0007
200% extension $0.002
261.8% extension $0.012
Alternative.
Is if we Impulsively go down to the bottom of the Channel trendline then push up impulsively again, other than that am not seeing downside anymore.
Shibausdt
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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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
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!
🚀SHIB: trendline breakout and THEN...!Hi friends! Shiba could create a great pattern to open a long. Even in spite of the lack of volume.
✅On the volume indicator, we see the buyer buying the bottom of the Shiba for 3 times. This is a good sign for a possible local growth.
📊With the price returning to the trend line and squeezing under it we may see a breakout with targets:
$0.144 - local highs, which the price has not yet tested
$0.1618-0.17 - the first value zone
$0.2-0.21 - the second value zone.
🚩With such a market, there's no need to hope for reaching the second value zone. Altcoin is getting weaker relative to Bitcoin, dominance is growing. The fact that the price reaches the first value zone will already be an achievement.
But that means that you should only look for the best opportunities with RR 1:5-7 and not trade everything in a row, especially if you are beginner.
✅Also, a short trade is also possible. Pay attention to the volumes at the top a few days ago, after which the price dropped. Someone sold on the highs. Therefore, we can wait for a false breakdown of the trend line, with the volumes rising again, which will indicate the presence of a big seller. The local low of $0.914 could be the target for the downward movement.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Trading opportunity for SHIBUSDTBased on technical factors there is a long position in :
📊 SHIBUSDT
🔵 Long Now 0.00001100
🧯 Stop loss 0.00000990
🏹 Target 1 0.00001200
🏹 Target 2 0.00001300
🏹 Target 3 0.00001400
💸Capital : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
SHIBA Goals !Hello,
We all know the people’s currency SHIBA , which was affected by what happened in the market. Until now, it turns out to me in the analysis that it is a stable currency in stage A, which is a dangerous stage where if I break it, we will return to the starting point
As shown to you in the explanation, I divided the stages (A, B, C, D, E)
And it seems to me that the market settled and did not go down, we will settle down in phase A until the assembly and move on to the fun B
And as we all know, SHIBA currency has a large army and I don't think that its army will leave it without support in stage B
If support is provided directly, it will move to stage C , and at that stage I think we have passed the danger stage
As for the stage D and E , I think it is far away, but as it is known in digital currencies, nothing is impossible, and we know that the market is linked to demand and supply and any news that affects it.
I hope you like the explanation
SHIBUSD Largest Support ClusterShiba is undergoing a bear market, with a recent low on this Weekly chart at 2.618
This 2.618 level is also where price on this ticker originated from
I have faith in the wick hitting 2.618 being a potential bottom based on the above statement
2.618 also aligning with the Gaussian Channel strengthens this assumption