My Shiba Inu trading & investment planHello everyone,
today I want to show you my trading & investment plan on Shiba Inu. Shiba Inu is in everyones mouth right now. We all know that Shiba Inu is considered as a shitcoin.
However Shiba Inu looks amazing from a technical view.
What I noticed is, that we have finished our first Elliot Wave Cycle. We saw 5 textbook impulsive waves which are lead by a corrective wave A, now.
I'm expecting an impact of wave A on the 38%-50% Fib of the overall bullish impulse. To get an idea of where the journey might go, I have marked you possible buy & sell entries on the chart. What I want to see is a reaction on the Fibs I have been marking, just to be sure about the technical reactions of the Shiba Token.
My ultimate buy & hold point is on the bottom of wave C.
This is no trading and investment advice. Jus my personal and technical view.
RT
Shiba-inu
SHIB/USDT - WHERE TO GO ? UPSIDE AND DOWNSIDE TARGETS.SHIB HAS GONE PARABOLIC for a year and needs to consolidate.
forming an inverted head and shoulders.if the H/S fails,it will be a violent capitulation to the 0.00002 or lower.
if the H/S materializes. we will come back to0.00007.
There is no certainty in trading , only probabilities,
Trade safe.
SHIBA INU because you like it!- Like i said before i am not really fan of MEME's Coins, they have no tech behind, but i play with some of them for fun :D
- That said Shiba Creator "Ryoshi" proved for now that he made this token to help people's and grow them and not to rekt them and be greedy.
- Shiba inu community grown to reach 2.4M Followers on Twitter...i never understood how he did it, but he did it!
- Despite Elon Muskitos stays behind Doge, Shiba made much more returns in this bullrun, and that's just a fact.
- Remember those kinds of projects are very dangerous, i really recommend to set a STOP and stick to your plan because you could become an " Forever Hodler ".
- if you don't want to set a STOP LOSS, then invest what u can afford to lose.
- Play as a Trader !
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Trading Plan ( i took out the decimals 0,0000xxx)
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- Notice that Bollinger Band is getting smaller? it could means that we will get a move soon.
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Buy Zone : 30-34
TP1 : 88 ( ATH security TP)
TP2 : 1249ish
TP3 : 1469ish
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STOP : under 24ish
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- i will post my older analysis in comments. please check them to be aware of moves.
- Again Happy New Year to Everyone! Stay Safe !
Happy Tr4Ding !
BULLISH IMPULSIVE WAVES WOULD GO ON🐶🚀✅PREVIOUSLY ON SHIBA
We'd been on the corrective waves since 0.00008854
As 0.00002824 could be numbered 4(lime), wave 5 could've begun.
Counting Based on Weekly candles.
💡0...0
↗️5waves(impulse)
💡1...0.00003528
↘️long zig-zag 3wave(correction)
💡2...0.0000051(BUY)
↗️5WAVES(impulse)
💡3...0.00008854
↘️simple 1wave(correction)*Rule of alternation
💡4...0.00002824?(BUY)
↗️(impulse)
💡5=above 0.00008854
💡A...?
💡B...?
💡C...?
✅ WHERE WE ARE
We were waiting for the beginning of the next impulse, and 0.00003543- 0.00003268 is a good zone to be bullish again. We can expect a bullish impulse.
Once 0.00003987 is broken, a stronger price movement can be expected.
👉 Another Shiba
www.tradingview.com
👉 Another Dog
www.tradingview.com
💡The absolute principle for trading💡
BUY - as low as possible
SELL - as high as possible
PLEASE DO NOT FORGET TO SMASH LIKE👍🏻 AND FOLLOW ME❤ IT MOTIVATES ME TO THE NEXT IDEA! THANK YOU 🎉
*As long as 0.00002824 remains unbroken, this idea is valid.
Shiba_inu trend Will Shiba trend change this? As you can see, Shiba is in a very good place in the daily time frame in Stochastic RSi and in a neutral place with a rising trend in HMA, the channel is still showing a downward trend, but this trend can change depending on the beginning of the year. And finally it goes up, I'm optimistic about drawing Shiba, the chart tells me Shiba can start fast, it 's still a process of change, but I'm looking forward to going up, which I hope it can.
Shiba_inu ,,, Donchian Channels Hi .....
Donchian Channels (DC)
Definition
Donchian Channels (DC) are used in technical analysis to measure a market's volatility. It is a banded indicator, similar to Bollinger Bands %B (%B). Besides measuring a market's volatility, Donchian Channels are primarily used to identify potential breakouts or overbought/oversold conditions when price reaches either the Upper or Lower Band. These instances would indicate possible trading signals.
History
The Donchian Channels (DC) indicator was created by the famous commodities trader Richard Donchian. Donchian would become known as The Father of Trend Following.
Calculation
For this example, a 20 day period is used which is a very commonly used timeframe.
Upper Channel = 20 Day High
Lower Channel = 20 Day Low
Middle Channel = (20 Day High + 20 Day Low)/2
The basics
Donchian Channels are one of the more straightforward indicators to calculate and understand. The indicator simply takes a user defined number of periods (20 Days for example) and calculates the Upper and Lower Bands. The Upper Band is the high price for the period. The Lower Band is the low price for the period. The Middle Line is simply the average of the two.
The main function of Donchian Channels is to measure volatility. When volatility is high, the bands will widen and when volatility is low, the bands become more narrow. When price reaches or breaks through one of the bands, this indicate an overbought or oversold condition. This can essentially result in one of two things. First, the current trend has been confirmed and the breakthrough will cause a significant move in price in the same direction. The second result is that the trend has already been confirmed and the breakthrough indicates a possible small reversal before continuing in the same direction.
What to look for
Trend Confirmation
Oftentimes, in a clearly defined trend, overbought or oversold conditions can be a significant sign of strength.
During a Bullish Trend price moving into overbought territory can indicate a strengthening trend.
During a Bearish Trend price moving into oversold territory can indicate a strengthening trend.
Overbought/Oversold
During a Bullish Trend, price may move
The Donchian Channels indicator (DC) measures volatility in order to gauge whether a market is overbought or oversold. What is important to remember is that Donchian Channels primarily work best within a clearly defined trend. During a Bullish Trend, movement into overbought territory may indicate a strengthening trend (especially if the movements occur frequently during the trend). During a Bearish Trend, frequent movement into oversold territory may also indicate a strengthening trend. Also, during an uptrend (downtrend), movements into oversold (overbought) territory may just be temporary and the overall trend will continue.....
Shiba Play AgainShiba made a quick rush and i hope u took ur profits from my last analysis.
so now that you are rich :P, you can gamble a bit more but you do not want to buy a retracement.
Don't forget also that MEME's Tokens are for fun, there's not Tech behind, so Take it easy and play Wisely if u don't want REKT.
- will post in comments my older Shiba Analyses
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Trading Plan
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- Now : Nothing to buy
- Buy : 5300 ish
- Rebuy : 3500 ish
- TP : 10000+
- Your Stop should be just under the last accumulation : 2700 ish
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Stay Safe!
Happy Tr4Ding !
Is Shiba Inu set for a new rally in the festive season? Shiba Inu has halted the downtrend and begun to rally. A bearish triangle kept the price down in the past week, and now bulls are looking to break out.
Shiba Inu was the third most used crypto on the Ethereum network last week, and recently a whale bought $136 million worth of SHIB. It remains close to the original meme crypto Dogecoin. Could it overtake it again?
If the trend is broken, then 0,0000490 could be a feasible target for bulls. If downward price action occurs again, then the price of 0,00003200 will continue to be an important level for bulls to hold. Let’s see how the fun meme crypto performs during the festive season.
SHIBUSDT Shiba at low risk areas #SHIBFalling Wedge with Bull div on daily MACD Histo. at a Ice Line Support and at a .886 fib retrace. deep fn value imo!
If it falls below $.00003 and start closing candles below that level its basically game over for shib and only support could be the daily 200sma.
Shiba inu Correction modeAs you can see, after a sharp rally Shiba had experienced, it started its correction phase and created a bull flag ( bearish channel ). Shiba has 3 supported zone, one of them has been broken and the second one has been touched and supported the price. Since then, the price has stocked around the first broken supported. In the lower timeframe, you can see the price has created a trading range which the powers of both sides are equal. It has to gain power to break the bearish channel and end the correction phase and start a new impulse phase. Before that, the market is neutral. I expect the price to remain in this trading range for at least 01/05/22 and anything bullish will occur after that. beside, 3rd support touch is low probable but it depends on the total crypto market. After
the break out of the bearish channel ( bull flag ) the first target is the previous top and the second one is 0.00017 zone.
LONG DOGE FROM SPRINGThe Wyckoff Accumulation schematic and DOGE/USD price look very similar. We'll know really fast if this idea is invalidated because the schematic suggests very quick appreciation in price after the spring. Price has been rangebound for months and if I've learned anything about long accumulation ranges on meme coins its that they break upwards.
🔥 SHIBA Bear Flag: Volatility ExpectedSince yesterday's massive sell-off, SHIBA has been following a clear triangular pattern, also known as a flag. Since the pattern appears during a bearish trend, it's a bear flag.
Consolidation patterns, like this flag pattern, often result in a volatile move once the pattern is complete. Since this is a bearish continuation pattern, statistically a bearish break out would be more likely.
However, the current dip is being bought up very quickly, so I wouldn't be surprised if SHIBA made a bullish move withing the next couple of hours.
In case of a bullish break out, wait for the price to close above the yellow dotted line before entering. Same goes for bearish, but on the other side of the pattern.
Targets placed at recent local tops and bottoms.
Happy trading!
OH SHIBA INU😿😿What is NEXT? SHIB (1H)SHIB😿😿😿😿😿😿😿 broke out of 5400 and have restested the OB. What is next?
1. Either price drops back to 4845 or it will rising significantly to 6545 with a little halt at 5790.
2. If SHIB (my guy) is able to penetrate 6545 and get to 7300, then is possible that we will see 8868 to 9000 almost immediately.
Like and Comment, follow and let me know what you think
SHIBA INU (#SHIB) OutlookOne of the structures i revealed in my previous post have completed. (see related post)
SHIBA INU will present a nice opportunity in near term.
Watch out for a dump that touches the trend line (if you see such, that's our buy signal).
I expect to see some BOS (Break of Structure) with the current mini pump. If it happens, then a dump to touch our TL will follow before another pump to all time high (0.00010874 area)
PPPDirhams.
Disclaimer: This is just my idea not a financial advice. Am not in any way responsible for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..