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Shibusd

SHIBUSD 50sma ResistanceShiba Inu has failed to move above the 50sma after finding resistance at that level for the past week. Price risks falling back into the downtrend channel with a possible re-test of local lows near $0.00002826 which is roughly -18% from the current price of $0.00003560. Lower indicators are all showing bearish trend and momentum behind price in the short and intermediate-term. Should Bitcoin continue to show weakness, expect the rest of the altcoin market to follow suit.
FTX:SHIBUSDShort
by PrepForProfit
1
SHIB/USD: 250%+ Potential Run!! SHIB is changing this trend slowly like a big ship in the ocean. Do you really have diamond hands? If the 50 and 100 day moving averages fail here, we can easily test the 200 day below at 0.000022 area! If this does happen, it should snap back very fast so do not panic. Maybe we'll see a cup and handle continuation pattern form over the next two months. I will be holding firmly SHIB, DOGE, and ELON. Watch for higher highs and higher lows, good luck and happy Spring 2022 lol. (I still haven't caught on to the metaverse stuff yet, I'm still also watching OMG, NKN, XLM, LTC, ETH, BTC, AMP, ANKR)
FTX:SHIBUSDLong
by TTECH
2
Shib gots some things going for it!?So Elliott wave style, could have been an extended W5 which would explain the pivot, wave 2 of the expanded wave and the potential termination point of the previous W4. Its in the area MO. And is a most likey target for a retrace based off of the Guideline of Depth of Corrective Waves. Some more good is that some EMAs are starting to cradle the PA and got a bit of Divergence on one of the indicators... would have like some nice Div on the RSI though... Not going to get excited until some volume comes in and the PA begins to look like the path on the chart. So alarms set!! Cheers.
by CryptoKnee
1
SHIB/USD: Speculative Punches Capable of Violent ResultsSHIB/USD continues to deliver violent trading results for speculators who crave aggressive moves within the cryptocurrency world. Shiba Inu was trading at all-time highs in late October at nearly 0.00008800, but on the 20th of December the value of the cryptocurrency was approximately 0.00002850. This price is nearly a 68% decline in value. The drop in value of SHIB/USD is extraordinary and for traders lucky enough to have been skeptical of the higher values of the cryptocurrency, this may have produced profitable selling positions. However, traders who were caught up in the fanfare of the positive result of October’s bullish climb, and bought in at the highs have likely suffered astonishing losses. Here’s the thing, SHIB/USD remains a pure speculative bet. Traders who want to wager on the direction of SHIB/USD may be able to look at technical data and correlate it to broad market sentiment in the cryptocurrency world, but the results of Shiba Inu remain a sphere for speculators who understand the risks, all others should watch from afar. SHIB/USD is fractionally traded and the use of conservative leverage is appropriate because if a volatile move occurs, and it likely will, the results can be rather nervous when direction is not going in the intended manner. Intriguingly, SHIB/USD is correlating to the major cryptocurrencies rather well. It could be said that Shiba Inu is a solid barometer of speculative sentiment within the cryptocurrencies. Having touched a low only one week ago, SHIB/USD has produced a solid gain upwards which may be making its buyers content. However, the current price value of SHIB/USD is now bouncing along important resistance levels and challenging values not seen since early December. Optimistic traders may see this as an opportunity to buy SHIB/USD and anticipate another leg up. Speculators who are skeptical of the sudden upturn the past week and believe the results are a holiday bounce that will vanish could become sellers. Whether you are a buyer or a seller of SHIB/USD, risk management is essential, as this is a wager on broad cryptocurrency market sentiment in many regards. Choppy conditions may persist short term. If current resistance levels are broken higher, SHIB/USD could produce short term positive movement. Traders should to use entry orders to get appropriate price fills and use stop loss and take profit positions at all times if they are short term bettors. Shiba Inu Coin Short-Term Outlook Current Resistance: 0.00003875 Current Support: 0.00003770 High Target: 0.00003950 Low Target: 0.00003630
FTX:SHIBUSDLong
by SmoothJB
SHIB/USD - Downtrend ended. Pump next?SHIB has successfully left the downtrend channel in anticipation of a big move. Key Support level: $0.000030; $0.000034 Key Resistance level: : $0.000038; $0.000047 SHIB has managed to exit the downtrend, and the price is currently moving sideways. The resistance at $0.000038 has so far stopped SHIB from going higher. The current support is found at $0.000034, and SHIB could continue moving sideways until a breakout takes place. Technical Indicators Trading Volume: The volume has increased ever since SHIB bounced off the $0.000030 support level. Interest in SHIB is growing, which is positive news for bulls. RSI: The RSI on the daily failed to make a higher high on this last rally, but as of yet, it’s hard to categorize this as a bearish development. MACD: The daily MACD remains bullish, but the histogram lost some of the momentum in the past few days. This is to be expected as SHIB is consolidating under resistance. If momentum fades more, then the cryptocurrency could retest the key support again. Bias The bias on SHIB is bullish. Even if there is a pullback, that would likely be a healthy move before it explores higher levels. Short-Term Prediction for SHIB Price If SHIB is successful in breaking above the current resistance at $0.000038, then the price can rally to $0.000047, which is the next key level to watch for. If that fails, then a pullback becomes very likely to the key support at $0.000034 before another attempt is made to move higher.
Long
by DU09
1