SHIBA UPTRENDShiba Inu (SHIB) price has been on a tear with an 87% rally on Wednesday. Bulls got grasping and commenced to take an excessive amount of income, however, which led SHIB price to decline 55%, almost 2/3 of the rally from Wednesday. Going forward, the outlook remains favourable and cryptocurrencies are nevertheless in an uptrend, so investors are already pinpointing the subsequent profit degree beyond cutting-edge all-time highs.
Shibausdt
MASSIVE DUMP ⛔️ DANGERHello folks
This is a Technical analysis not Youtuber or Tik Toker $SHIB shiller opinion
This is actually not a personal is just pure analysis of various technical indicators
Daily time frame, we don't care about smaller time frame as the 90% of the $SHIB comunity are pure retails holders and not traders
-RSI: is deep in overbought zone
Bear divergence as the price did HH and RSI marked a LH
-SRSI: same shows reversal on trend
-MACD: Huge bear divergence, imminent Deat Cross and Histogram shows trend reversal
These are technical informations that you need pay attention to them
Crypto is not a market for emotional people
DYOR (lol)
-Goodluck
SHIBA price manipulationsSHIBA has finished healthy growth, we are in a very difficult situation now, because such sharp price movements result from market manipulation, this is not healthy behavior, I recommend stop losses and I advise against buying at this price level
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SHIB - CAUTION! MY FELLOW SHIBIANS!Just a simple chart showing some Bearish divergence on the RSI!
If the yellow support area breaks, Things could get ugly PRETTY QUICKLY!
This is a potential 25% - 40% Drop in price... IT'S BIG!
I'm NOT SAYING it will happen, ALL IM SAYING is that the bearish divergence IS SCARY because it has the potential to push SHIB below that support!
Take it as you will. This is NOT financial advice! This is just an IDEA based off of my experience studying and trading cryptocurrencies.
As I said in a previous SHIB idea! "NOBODY LIKES SHORT OR LONG TERM BEARISH ANALYSIS (unless you SHORT the market), HOWEVER, FAILING TO RECOGNIZE IT CAN END UP COSTING YOU" "Take profits & Cut losses! Two IMPORTANT lessons I've learned as a trader"
Take Care.
Is the party almost over for SHIB? Accumulate CATGIRL correctionI think anyone involved in crypto remembers the DOGE pump last May. With that we saw a massive amount of poopcoins listed along side the DOGE pump. One of which was SHIB.
Now we see something similar. SHIB absolutely yeeting with a slew of poop coins getting sympathy. A stand out I see is the CATGIRL coin. If things play out like they did last may we'll see this blow off top resolve with most poopcoin, including SHIB, correcting heavily.
My plan after this correction is to slowly accumulate the leaders in poopcoin knock offs and hold them until the next great poop yeet.
Thanks for reading this tidbit, good luck!
Is SHIBA supported in extreme resistance⁉️ ( 4h )(( please read the description ))
SHIBA coin is supported in Fib 0.236 ~ 0.382, if supported we can hope for a resistance test and then targets.
⛔ Profit can also be in the strong line of resistance ⛔
tip :
* High trading volume (sales)
* MACD (It's too early but confirms the downtrend)
* The trading is above the MA 50 (blue line), one should hope for an uptrend and test the resistance Zone
I tried to identify the points of support and resistance for you, Trade smartly, Good luck.
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* In trading, the winner is the one who manages his profit and loss *
* The responsibility for buying and selling lies solely with you *
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Shib (possible impending breakout).Shib recently broke out of a symmetrical triangle/large bull flag (blue triangle).
Taking a copied bars pattern from October 23rd to October 25th (yellow bars) Shib might reach the price target of: $0.00003540 per Shib by October 27th staying within the parallel orange line.
The relative strength index has seen divergence (allowing the breakout), a similar divergence would be expected for the second breakout, the R.S.I would than fall below the red line with resistance at the green line.
SHIBA next moveAfter SHIBAINU reached the all time in the last days we will see a new opportunity to enter the market
like we see in the chart a bearish flag and the cross down, there a big probability to see a market correction in the yellow area between 0.000055 and 0.000045
Ps: not a financial advice
good luck to everyone
SHIB CorrectionWith SHIB going on an explosive run recently a huge pullback is expected
We are now in Wave 4 of the Elliott Inpulse Wave and Wave C of the correction wave
Both of these combined with the trendline of support put us back at 0.00005395
Once the correction is complete Wave 5 should see it explode up to the 0.00012484 region, over DOUBLE the current ATH
SHIBA - THE NEXT 2-3 WEEKS Hey guys. This IDEA is based off of some recurring patterns I see on the charts using Fibonacci Levels.
Notice after the initial breakout, SHIB usually settles above the 0.618 line before continuation to the upside. Then it forms a short term top around the 3.618 level.
I DO believe a similar situation is happening again and I DO think SHIB has hit a SHORT TERM top. (It may continue upwards in as little as a week or two)
The IMPORTANT THING to watch IF SHIBA DOES PULL BACK is if SHIB can hold itself at or above that 0.5-0.618 GREEN SUPPORT AREA on the chart! That is what will give us the go-ahead to continue higher...
The potential upside target on the chart right now is based off of similar fib levels but zoomed out a bit first. I will be able to more accurately predict targets as time passes and we get some more data.
Until then stay tuned... WATCH THE CURRENT LEVELS for resistance as I DONT THINK we are going higher BEFORE a pullback!
IF THE RED RESISTANCE LINE GETS BROKEN by MORE THAN JUST A WICK then this IDEA is Invalidated and we'll re-evaluate.
I will post updates here as needed or as things change. If I don't post an update, The situation is likely the same or I've been busy. If you'd like an update for any charts just leave a comment and I will hopefully be able to provide al least a short update in the same chart description... If situations change beyond that I WILL LIKELY publish a whole new chart al together.
Hope everyone is doing well. The markets are volatile right now so CAUTION traders and leverage users
****This is NOT financial advice. This is just an IDEA based off my experience analyzing charts and studying crypto. I recommend researching cryptocurrency because of the potential for you to become A BELIEVER of this technology and its future (FUNDAMENTALS ARE WHAT MAKE OR BREAK CRYPTO) IF YOU HAVE THIS, INVESTING BECOMES MUCH EASIER!***
Also I've left a link to my latest BTC analysis below, as much of the market usually follows BTC's lead.