SHIB/USD flat set 169 days (5.63 months) Average set price
Updated
Logarithm. Time frame 1 day. Secondary trend (part) set flat zone 5.63 months (169 days). The average price is 0.0000107. There is a local impulse of 18.4% inside the 982-1172 clamp to its resistance. Reversal zone.
Perhaps under the hype of pumping DOGE (at the moment + 56% with similar clamping, they will pump it in the same way and the second is a speculative creation.
Coin in coinmarketcap: SHIBA INU (SHIB)
This is how this zone looks on the candlestick chart.
Locally, this pivot zone is an exit from accumulation.
Main trend Terms 1 week. Linear for clarity.
If we do not break through this zone, the DOGE hype does not gain momentum, the whole market and the world as a whole are in sadness, as we see, there is room to fall. In work, limit losses, protect profits and immediately distribute your position in the buy / sell zone. Don't be greedy.
On such coins with such liquidity and hype, the pumps are impulsive, including false breakouts by a large percentage. Use it to make money. At the moment, unlike DOGE, there is no significant buyer volume.
Perhaps under the hype of pumping DOGE (at the moment + 56% with similar clamping, they will pump it in the same way and the second is a speculative creation.
Coin in coinmarketcap: SHIBA INU (SHIB)
This is how this zone looks on the candlestick chart.
Locally, this pivot zone is an exit from accumulation.
Main trend Terms 1 week. Linear for clarity.
If we do not break through this zone, the DOGE hype does not gain momentum, the whole market and the world as a whole are in sadness, as we see, there is room to fall. In work, limit losses, protect profits and immediately distribute your position in the buy / sell zone. Don't be greedy.
On such coins with such liquidity and hype, the pumps are impulsive, including false breakouts by a large percentage. Use it to make money. At the moment, unlike DOGE, there is no significant buyer volume.
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DOGE Hype Brother. After a significant increase in price to the resistance of the accumulation channel, the pullback back to the average set price of 1172. I want to show this accumulation, this zone relative to the general trend.
This is the kind of target that hamsters love. Large time frame (1 week). Maximum goals for this alt season. The price is still in the accumulation zone of 9.8 months. Perhaps this growth of +96% is the first wave and an attempt to exit the accumulation zone (breakout on the 2nd wave).
In case of a negative scenario—the price fall in the lower zone of the accumulation channel. In any case, it is a win-win situation.
A pronounced fractal structure of cycles.
Accumulation—super pump—dump—repeat.
This is the third such #PumpDump cycle on this coin. We are still in the horizontal channel accumulation zone. Notice the #accumulation for almost 10 months. Also, do not forget that in spite of accumulation, this coin, as most HYIPs is on the super profit for a very limited number of market participants (for most on the contrary).
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Any buying in the accumulation zone in the long term is acceptable.
Also, it should be understood that under the support of this channel with the length of 1 year there is a huge liquidity of stop loss to the longs of medium-term traders. Whether or not there will be an entry into this zone (the general situation on the market) is another question. It would be logical to assume that those who work long term and do not keep anything on exchanges, following the cycle (buying in the accumulation, selling in the next cycle in the distribution zone) should not be interested in it, as well as not big pams (to force to sell with a profit, to accumulate an asset).
But, it is still more rational, if you do not work in the accumulation itself, to have allocated capital in case of force majeure market circumstances of great fear and entry into this zone. Whether it will or not does not matter, you need to consider different options from the position of risk and money management and be ready for anything.
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accumulation channel to the level of 0.0....565, which is the support of the 2021 accumulation channel before the super pump of +1500%
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Time frame 1 week for clarity of the channel range. 3 weeks ago, there was an exit of the price under the support of the accumulation channel by a large percentage. Many long positions were liquidated.
The chart shows the percentages from this reversal zone to the channel resistance, as well as the average profit percentage when exiting this accumulation channel from the average set price to the significant first resistance.
Accumulation Zone. Pump/Dump and compliance with risk and money management.
Remember, this is a pamp/dump meme cryptocurrency, which even at -93% down from peak pumping and with a set zone of about 14 months (!) is at an inadequate profit. That's why follow risk management in your work.
It is more rational to work on such cryptocurrencies, not with stops (high volatility, slippage at high %, high probability of beaten out before price increase, the large value of stop is meaningless, they can beat out at -2% and -40%), and work from average buy/sell price (only spot!) with reasonable observance of money management.
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