SHIBUSDT trade update
SHIBUSDT trade hit overall 1501% profit. Now trade is at first supporting area as shown by yellow area as accumulation period. Final entry for buy position will be between 38% -23% fib level. To avoid FOMO situation, we have taken position around first defense area. So far trade is running according to our respected analysis. For good investment take position around 23% fib level. Trade will boost up as it crosses final resistance which will break accumulation period as shown in the graph. Our potential target will be 500% profit.
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Shibusd
SHIB - potentially good trade setupSHIB after huge pump (1200%) is in downwards corrective movement.
Price has fall to last support area and it might keep inside this accumulation area for some time (until some better time for alts and meme coins - hype time).
At the moment I don't own any SHIB, but I'm looking to add if it breaks 21 D MA (black line), which will also mean breaking from falling wedge. There is no any bullish divergences on higher time frames.
I set alert if it pump not to miss it. Risk/reward ratio on this trade is good for me, TP 1 and TP2 is where I plan exit my initial investment + 10-20% gain and leave rest of it for potential strong upside move.
Don't be surprised if we stay in this accumulation region for some time or even dive under it.
Until bullish sentiment returns alts, and specially meme coins probable won't move significantly.
Let sleeping dogs lieAs a followup to my last two posts where I warned FTX:SHIBUSD was following a classic bubble/bust pattern the target has been reached on my short from the Kraken release hype. That was the last gasp. Now Shiba is the first of many cryptocurrencies to break the all important December 4th US Jobs Report Liquidation Low. I do not expect the bleeding to stop here. I am targeting a full mean reversion over the next few months to 0.0001 territory.
SHIBUSDT | The best place to buy 🏹Hello traders, SHIBUSDT in daily timeframe , As you can see in the analysis, the first wave 2 and 2 are completed in our opinion and now wave 3 is forming.
Wave 3 structure is at the beginning of its process and from this structure, microwave 1 is completed and microwave 2 is formed.
Let's look at microwave 2:
In most cases, wave 2 is formed in a fast and more zigzag-like state.
We assume that wave 2 is zigzag because at the beginning of this wave a five wave is formed which corresponds to wave a .
So wave a has been completed since wave 2, and now we are probably inside wave b , wave b in the form of a flat and a plate that has no rules, and from this flat we think of an ascending wave in the shape of five waves to complete. Wants to be.
We consider the maximum ascent to be 0.618 points. In case of further ascent, this wave count should be corrected.
To confirm this ascent, the upward red circle is considered to be broken.
And in case of breaking the price 00003, the decline from the same range has been confirmed.
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SHIBA TO THE MOON ? 🚀( comment your thoughts)Hello fam , here's my point of view about SHIBAUSD as you can see price is about to sit in a very strong area of demand in confluence with a fibonacci level.
Let me know in the comment section what do you thinks about it .
SHIB - Bullish Price Setup for December & JanuarySHIB is getting support at a key region between 2900-3300, which has been a strong resistance region in the month of October. Turning this resistance into support should give us a great few months ahead for the Shiba Army and SHIB Bulls. The key price targets are the red line (which has been giving us strong resistance in the past and yellow line (the previous all time high).
SHIB/USD - Reversal Postponed by Bears. Try Again. 😋Shiba Inu seemed prime for a more considerable move upwards but was halted as the entire market declined.
Key Support levels: $0.000030, $0.000022
Key Resistance levels: $0.000034, $0.000037
SHIB found support on the $0.000034 level and seemed primed to move higher when the bears took over the market. This level was turned into resistance as SHIB’s price fell with the overall market. For this reason the new support is now found at $0.000030.
SHIB was very close to completing a bullish crossover on the daily MACD, but this recent drop stopped it from happening. It could make another attempt later when the overall market conditions are more favorable. Either way, the price is stuck in a large descending channel and a break above it is necessary to reverse the bearish trend.
Trading Volume: The volume remains low and interest will only return to SHIB once the price action becomes more exciting.
RSI: The RSI marked a higher low during this most recent drop on the daily timeframe. This shows that buyers are keen to return to SHIB if market conditions allow.
MACD: The daily MACD is trying to curve up in preparation for a bullish crossover. With a bit of luck, SHIB may be able to do so and bring much needed volume and momentum back.
Bias
The bias for SHIB is neutral in the short term, but it’s important to keep a close eye on the MACD.
Short-Term Price Prediction for SHIB
Even if SHIB manages to rally, it’s important to remain mindful of the larger structure represented by the descending channel which will likely act as resistance to any bullish move. Only a break above this channel will give sufficient confidence in such a rally. Otherwise, SHIB may continue to bounce between the key levels as it strives to stop the downtrend.
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SHIBUSDT - UP TO 60% GAINS IN THE SHORT TERMEmissary over here.
Hello again everyone.
Today we take a look at Shiba Inu.
Price has been inside a big demand zone (red box), inside a bid bullish triangle. Whales have been buying a lot at this price.
Buy while you can at this level. After breakout you can still buy at 0.00003799 retest, thi scenario I think is very likely to happen.
Next important offer zone is at 0.00005338.
If you like my work give it a thumbs up and leave a follow for more everyday analysis. Remember the message never sleeps.
Also I'd like to hear your opinion in the comments.
Remember this is no financial advise, DYOR and trade at your own pace and risk.
Farewell
SHIBUSDT - 3 TPs for this pumpBINANCE:SHIBUSDT
1H trend chart
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SHIB is pumping after retesting Fib 0.382 and breaking out the downtrend line.
Therefore, we can set TPs for it with Fib, trading strategy as below.
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Profit Targets:
a) 0.3878----Fib(1)
b) 0.4130~0.4232----Fib(1.272~1.382)
c) 0.445----Fib(1.618)
Stop losses:
a) 0.3377-----Red horizontal ray
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Putting in a Buy Limit Order on Shiba Inu Coin @.00002937Traders,
Shiba Inu looks to have almost reached my target down. I am putting in a Buy Limit order at .00002937 and hoping to capture the re-entry here either tonight or Sunday night. If I don't catch it on one of these nights, I will cancel my order and re-assess.
You can view my current target sell areas (subject to change) on the chart.
Best of luck traders!
SHIB's healthy consolidation! Establish a range between .xxxx29 and .xxxx44! This will likely consolidate in a pennant for another few weeks, don't expect a spike back to the highs just yet. I'm not gonna use hard stops on this beast but below 29, I'll likely exit. Let me know any thoughts about possible divergence anywhere. (I'm also building a position in ELON and DOGE once again, let's see what these puppies can do within the next six months.) Cheers mates!
Shiba Inu Coin Offering a Buy Opportunity Before Leaping 11xShiba Inu token (SHIB-USD) has finally pulled back in a more complete Wave II after a powerful, mania-inducing Wave I. This Wave II pullback, shown in GREEN, may be over or it may have lower to go, but at any rate, once the I-II are set, we can make much more confident projections on where the extensions will take us. That said, it is a great time to buy SHIB, but it may be best to dollar-cost-average over the next several days to avoid any emotional attachment. This is a very high-risk play as this crypto has very little history, so please size your buys appropriately!
Once our pullback is complete, look for a Subwave 1 to take us between 0.00009 and 0.00017 for a 2x return. Expect the subsequent Subwave 2 to be sharp and deep before the Subwave 3 targets between 0.00053 and 0.00105 for an 11x return! Subwave 5 could eventually get us to 0.00159 to 0.00310, the returns for which I'm not even going to calculate right now.
Unlike with the other cryptos I track on my channel, I'm expecting SHIB to move very quickly and not align with the more established cryptos. As Elliott Wave patterns are fractal in nature, the time-duration ratios seen historically within SHIBUSD may repeat. If that is the case, expect the full wave structure to take 3x longer than the initial 5-wave impulse for Wave I, which would place the top around early February 2022. But of course, Elliott Waves are all about PRICE, not TIMING, so please take with a grain of salt! While I've pointed out several inflection points and targets, the rally may come and go before you realize it! So for that reason, be mindful of position size and keep an on this dog!
I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this video is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels.
#shibainu #shibainucoin #shibatoken #cryptocurrency
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
Shiba's bright futureAs you can see, Shiba has been in a triangle for a long time. Given the recent great fundamentals for this currency, I expect good growth before Christmas.
A bright future awaits this currency. Be a holder
Other currencies are on their way, and bitcoin can no longer stop them from growing.
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Support area: 0.000032 to o.000034
TP1: 0.000045
TP2: 0.000058
TP3: 0.000088
TP4: 0.00011
SHIB/USD - At a crossroad, can it break the downtrend? 😱Shiba is in a massive descending channel as shown by the chart. Lower lows and lower highs have been a constant in the past weeks.
However, there are some early signs on the indicators that we may be preparing to pump soon.
The RSI has been making HIGHER LOWs despite price falling lower = BULLISH divergence.
MACD histogram is also painting a bullish divergence.
These are early signs that a possible reversal or at least a stop in the downtrend is imminent. If Shiba can stop the bleeding and sit above the current support at $0.000034, then bulls will have a great base for a rally.
The first signal that this downtrend is over will be given if Shiba can leave this channel and break again above $0.000047. That will be a clear confirmation of the trend reversing.
Right now that appears far away, but don't be too disappointed. Price is curving nicely on this support and we all know Shiba can pump fast... so a reversal can be quick.
Also watch out for BTC and ETH as they will impact Shiba. See my ideas linked below.
Shiba bias is mildly bullish on this price action and a high risk / high reward play is buying the current support with a good stop under it.
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SHIB/USDTPump coming , buy some and HODL , Targets $ : 0.000043 , 0.00005 , 0.00006400 , 0.000087 Shib has not need to any fundamental , all people in world know that , just should focus on technical . moon coming ...........................................................................................................................................................................................................................................................................................................................................................................................................................................................