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SHIB/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this SHIB/USDT 1DAY chart update by CRYPTO SANDERS. CHART ANALYSIS:-Shiba Inu (SHIB) rose by over 5% on Friday, on the news that Binance was adding the asset to its Flexible and VIP Loan services. SHIB/USD hit an intraday peak of 0.000008677 on the news, a day after trading at a low of 0.000008226. The move resulted in the meme coin hitting its highest point since Monday when it peaked at 0.00000872. One of the catalysts for the surge also seemed to be a breakout of the 60.00 level on the 14-day relative strength index (RSI). the index is tracking at 62.20, which is marginally below a higher ceiling of 63.00 Earlier gains have already eased, with traders likely securing profits in anticipation of a collision with this zone. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
3
Support Holds Amidst Static ResistanceSHIB has maintained its support level and made progress towards higher resistance, specifically in the range of $0.00000870-$0.00000850. However, within this range, the price encountered resistance and paused its upward movement. Despite this, the previously identified support level for Shiba remains intact. The reason for the current sideways movement in the Shiba trend for the past five days is due to the presence of static resistance and the breaking of the descending channel's ceiling support. It's worth noting that the break of the channel's ceiling support is yet to be confirmed, leaving a possibility for the price to return to the support level around $0.00000750. If the dynamic support is breached, it could potentially lead to a further decline in the Shiba price, possibly towards the midline range of the descending channel. Regarding the RSI level being at 57, an RSI (Relative Strength Index) value of 57 indicates that the asset's price is neither overbought nor oversold.
by MonoCoinSignal
3
SHIB/USDT Technical Analysis ( 10x Potential or Not ?SHIB/USDT Technical Analysis CRYPTOCAP:SHIB Chart Analysis: SHIB is attempting to break the resistance line, but the breakout has not been confirmed yet. 50 EMA has experienced a breakout, but it is still trying to close above the 50 EMA. Key Levels: Strong Support: $0.00000770 Resistance: $0.00000900 Potential Upside: If breaks the $0.00000900 resistance level, we may witness an upward rally. However, a retracement of 20-40% could be expected before the potential rally. 10x Potential in Next Bull Run: While SHIB may offer significant gains, it's crucial to exercise caution. Meme coins like SHIB are known for their speculative nature and high volatility. Never go all-in on such coins, especially for long-term holdings. Risk Warning: Meme coins are considered "Zero to Hero" coins, characterized by extreme price swings. Always do your own research and diversify your investment portfolio to mitigate risks.
Long
by CryptoPatel
2
SHIB/USDT 1DAY UPDATE BY CRYPTO SANDERS !! Hello, welcome to this SHIB/USDT 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Shiba Inu (SHIB) rallied to a two-week high on Friday, after breaking out of a key resistance level. SHIB/USD surged to a peak of 0.000008217 earlier in today’s session, following Thursday’s low at 0.000007754. Friday’s move came as shiba inu broke out of a key resistance level at the 0.000008000 mark, hitting its highest point since June 15 in the process. Another reason for today’s action appears to be the relative strength index (RSI) moving above a ceiling of 55.00. Currently, price strength is tracking at the 60.09 level, which is marginally below a ceiling of 61.00. Should the Bulls manage to race past this point, there is a good chance the next target price will be 0.000008500. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
2
Next period of volatility: Around August 6thHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (SHIBUSDT chart) The key is whether it can be supported in the 0.0000 0781 ~ 0.0000 0872 section and rise to around 0.0000 1279. Since the 0.0000 1279 point corresponds to the HA-High indicator point on the 1W chart, if it rises above 0.0000 0872, it is likely to rise to the vicinity of the 0.0000 1279 point, the HA-High indicator on the 1W chart. The next period of volatility is around August 6th. Since it currently sits near the HA-High indicator on the 1D chart, if it falls below 0.0000 0781, it is likely to touch the HA-Low indicator on the 1D chart. So, if it falls below 0.0000 0781, it is important to find support around 0.0000 0716. --------------------------------------------------------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
by readCrypto
Range Trend and Potential Breakout SignalsSHIB is currently experiencing a range trend, which means its price is moving within a specific price range. Over the past week, the cryptocurrency's price has become less volatile. Additionally, the short-term upward trend line's support remains intact, which is positive for the coin's price. However, there are certain levels to watch out for. If the support of the midline of the descending channel is broken, along with the support mentioned earlier, SHIB's price could decrease to a range of $0.000066 to $0.0000068. On the other hand, if the mentioned support levels hold, we might see a positive movement with SHIB aiming for the resistance area around $0.00000853. Overall, SHIB is currently in a critical zone where the possibility of a significant price movement has increased. A substantial increase in trading volume could confirm whether the price will break out of its current limits. If the resistance around $0.00001 is surpassed, the next target for SHIB's price is considered to be in that range. Regarding the RSI level of SHIB at the daily timeframe, it is currently at 51. The Relative Strength Index (RSI) is a technical indicator used to measure the momentum of an asset's price. An RSI level of 51 for SHIB suggests a relatively neutral position, indicating neither overbought nor oversold conditions. It signifies that the cryptocurrency is not showing any extreme price movements and is in a stable state.
by MonoCoinSignal
5
Been talking about $DOGE for a bitThere's reason why CRYPTOCAP:DOGE has slowly become as big a position as $SHIB. This isn't including 3x & 10X leverage on #DOGE when it hit recent lows. Looks pretty strong to me. Love seeing the RSI pummeling through the 50 area, yellow circle. Not the best looking but it is still an INVERSE HEAD & SHOULDER, bottom forming of it breaks through, more conviction if heavy volume. Please see profile for more info on countless CRYPTOCAP:DOGE posts. #crypto #altcoin
COINBASE:DOGEUSD
by ROYAL_OAK_INC
Potential Growth and Resistance LevelsLast week, the price of SHIB increased. It received support from buyers, which helped it move up to the upper part of a descending channel, staying within a specific resistance range. These resistances are usually seen as negative because Shiba Inu is currently in a downtrend. However, the support from a short-term uptrend line within the resistance range could create a narrow range. This suggests that a significant price movement for Shiba Inu is anticipated in the near future. If the resistance at the top of the descending channel is broken, the price of Shiba may continue to rise up to $0.00000935. On the other hand, if the upward trend line is broken, sellers will likely target previous price floors at the levels of 0.00000702, 0.00000600, and 0.00000570.
by MonoCoinSignal
4
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Long
by SafeCryptoSignals
⚫ LTC usdt - Weekly ⚫🔵 #LTC usdt ⏰ 1W ⚪ As you can see, the price has broken dynamic resistance and static resistance. If fixed above $100, $130 is available. 🔴 Support and resistance are shown in the chart. ---------------------------------- 📛 Follow the market trend and decide to buy or sell. ⚠️ (This isn't a signal for buy or sell) ⚠️ .......................................... 👸 Analyzed by : Parisa_Alipoor ..........................................
by parisa_alipoor