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Shiba

Shiba Inu (SHIB) Failing to Reach New Highs In comparison to other altcoins, SHIB has shown a less pronounced upward trend. Since October 15, the asset has gained 40%, but its chart is marked by frequent corrective movements, preventing SHIB from reaching new highs. Currently, the asset is trading within a consolidation range, trapped between a support zone of $0.0000085-$0.0000088 and a resistance zone of $0.00000923-$0.00000964. Should the upward trend persist, SHIB could potentially reach local highs at $0.00000981 and even $0.00001. To attain its 2023 high, the asset needs to increase by an additional 75%, leaving room for considerable growth. Any corrective patterns in BTC could similarly impact SHIB. In this case, the memecoin might drop below its present support zone, potentially testing levels of $0.00000830 and $0.00000772-$0.00000805. Similar to the situation with DOGE, using limit orders for SHIB currently poses a significant risk.
COINBASE:SHIBUSDLong
by DEXWireNews
Step 6 - Go to the Beach! 🏖️😽International cats day yesterday so let's start with something meaningful: Love and protect animals. We share this planet with them and we tend to be the nasty species. The stupid humans we are, polluting and shitting all over the place till we destroy it together with all life.... we are the 'animals' my fellow humans Now let's talk crypto: It all starts with the usual Fomo (Fear of missing orgasms) when Shiba pumps on major news (Shiba going De-fi with Shibarium and Binance gives it a nice boost, check links below). First thing i do is check fundamentals. They are many and positive (links below) so i say 'Yes, we need to get on this..but how?' Step 1: Not eating the FOMO (fear of missing out...) FOMO is real and is always a bad actor. The beauty of crypto is that you NEVER EVER miss the train! There are always stops to get on the train, in both directions. Step 2: Given this I was quite comfortable to take a calculated Short position while some Shiba holders where taking their profits! Short to 0.0000090 instead of fomo-ing with a tight stop loss and controlled risk. Step 3: Taking profit (x6 the risked margin) I always follow my charts and sometimes i am right, sometimes I am wrong. Close to 0.0000090 was an area that had to be checked as support. And it did. That was time to take profit from short position and finally look for a Long entry which was the Goal. Step 4: Time to go Long. That was the plan after knowing the fundamentals. Ethereum dog is a key player, can go strong and i was finally ready to Buy my shares in it. Only this time it was with a x6 budget. As always the chart is my map to the treasure. Going Long with a calculated risk, on support 0.00000880 and a stop loss just below that *I am no God, this actually worked the second time! And that's the beauty of it. Step 5: Taking profit back to where it all started. If we had entered spot we would had been at break even. Instead we are at a 6x6= 36 ALWAYS secure profit. Thus closing half position while still another half remains open. Always take some profit if the markets have been nice to you. Always leave something open just in case you feel the Fomo again (welcome to crypto!)! Step 6: Going to the beach for a break. Unfortunately i don't have a dog but there are other animals there to keep me motivated. Mostly female humans in bikinis. In the meantime Shiba might take a break now before eventually probably rising to 0.0000111 with a possible new retracement to 0.0000095. Who cares now? Job is done: ✔️Profit has been taken on short ✔️Profit has been taken on Long ✔️1/2 position is still open ✔️Stop loss is on guaranteeing more profit in any case Will Shiba go to 1$? No, it won't. Check it's supply of a billion trillion tokens (on a serious note, the current circulating supply of SHIBA INU is 589 trillion) Shiba is Ethereum's Dog. Vitalik and his hungry gas fed freaks will feast on anything that burns gas (your money) and makes Ethereum money. Either this is Unibot, Shiba or anything stupid like Xen, some NFTs and all the non-sense out there). Yes, some of it is GREAT but most of it is non-sense. Shiba will need to burn a LOT of tokens to rise over 0.0000118..if it goes there first which will depend on BTC and ALTS market in general. One Love, The FXPROFESSOR 😽🌭 Links/fundamentals: Shiba Inu Takes Step to Become DeFi Contender With Digital IDs: www.coindesk.com Binance approves Shiba Inu as collateral asset: cointelegraph.com Shibarium Launch Nears: u.today - don't forget, I was never a big fan of shiba..was actually short for a long time:
Long
by FX_Professor
11
SHIB's Market PositionSHIB is currently fluctuating between key supply and demand areas. At this juncture, it's advisable for traders to hold off on engaging in transactions until SHIB interacts with one of these critical zones. This strategy is based on the broader, long-term bearish trend indicated by the descending trendline. However, it's important to note that if Shiba breaks through this trendline, there's potential for a shift towards an upward trajectory. This break could signal a change in market dynamics, presenting an opportunity for traders to reassess their positions in anticipation of a possible bullish reversal. This analysis is for informational purposes only and should not be considered as financial advice.
by MonoCoinSignal
SHIB Shiba Inu Price TargetIf you haven`t bought SHIB begore the mega pump here: Then you need to know that Binance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion. The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"! The question arises: from where will these substantial funds be derived? One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%. Among the tokens impacted is SHIB Shiba. I've set a short-term price target for SHIB Shiba at $0.00000700. Looking forward to read your opinion about it!
Short
by TopgOptions
SHIB Burn Rate Plunges 40% Amid Shiba Inu Price SurgeShiba Inu is once again gaining significant traction in the world of cryptocurrencies as its price surged today amid a declining burn rate. Shiba Inu, an Ethereum-based altcoin, amassed noteworthy attention in the world of cryptocurrencies as it recently witnessed a price jump amid a decrease in the burning of tokens. Shibburn, a platform offering SHIB burn insights, recently unveiled data showcasing the plunge in the burning of SHIB tokens. Moreover, Shibarium, a layer two blockchain for Shiba Inu, also witnessed a significant boost in testnet activities, stirring up speculations among crypto market traders and investors. Shiba Inu Burn Rate Amid Testnet Activity As of writing, the data offered by Shibburn showcased a 34.89% decrease in Shiba Inu’s burn rate over the past twenty-four hours. Besides, the total number of tokens burnt over the past twenty-four hours totaled 5.94 million. Interestingly, amid the constant burning of SHIB, the burn rate over the past week also experienced a fall of 43.33%. A total of 130.90 million SHIB was burnt over the past seven days. The Shiba Inu crypto community created a buzz in the world of cryptocurrencies following the massive burning of SHIB tokens over the past few days. In a series of transactions, the Shiba community appears to have burnt a whopping 410.662 trillion SHIB tokens to date. The abovementioned burning of tokens comes forth as a result of the Shiba community building up support for their token. Despite the Shiba community’s efforts, the SHIB price did not gain much momentum in 23, following which the community initiated burning colossal amounts of tokens. Furthermore, the Shibarium testnet activity also skyrocketed over the past few days. As per the data revealed by a blockchain explorer, not a single transaction was carried out on the Shibarium testnet in recent weeks. However, since November 9, a whopping 400,000 transactions occurred, gaining attention throughout crypto markets. Shiba Inu Price Report At the time of writing, the Shiba Inu price witnessed a surge of 1.27% over the past twenty-four hours, evaluating $0.000008329 today, November 25. However, the token witnessed a marginal fall of 3.28% over the past week. Furthermore, the twenty-four-hour trading volume witnessed a significant increase of 17.63%, reaching $119.77 million while writing. The price surge witnessed by SHIB over the past month evaluated 12.25%, lining up with the community’s efforts to jack up the SHIB tokenomics. As the Shiba community continues to burn massive amounts of tokens, the scarcity of the token continues to surge, which might push the token for a better future outlook within broader crypto markets.
COINBASE:SHIBUSDLong
by DEXWireNews
Shiba Inu (SHIB) On-Chain Surge Hits 500% in Amazing 2-Day RallyShiba Inu (SHIB) has experienced remarkable 500% surge in on-chain transactions in just two days, sparking speculation about token's future trajectory. In a seismic shift within the Shiba Inu (SHIB) ecosystem, the past 48 hours have seen an unparalleled surge in on-chain dynamics, as whale transactions involving the token skyrocketed by an astonishing 498%. Shiba Inu, a popular token in the crypto sphere, is making waves with a surge in transactions valued at $100,000 and more, according to on-chain analytics platform IntoTheBlock. During this whirlwind period, whale transactions injected a whopping $40.93 million into SHIB, exchanging an epic 5.1 trillion tokens. This surge has pushed the total daily transactions to an astonishing 6.38 trillion tokens, equivalent to a staggering $51.71 million. This surge in on-chain activity coincided with a noteworthy price rebound for SHIB. After a brief setback where the token experienced an 8.2% loss on Tuesday, it rallied impressively, gaining 6% over the next two days. This resurgence brought SHIB's value back above the critical threshold of $0.000008 per token, reigniting optimism among the Shiba Inu community. We are now closely watching whether this rally in on-chain transactions is a precursor to sustained positive momentum for SHIB. The main questions looming are whether the token's price recovery will persist and if it can fully recover from the losses incurred on Tuesday. The surge in whale transactions suggests renewed interest in SHIB, prompting speculation about potential future developments and positive market sentiment. The next few days are poised to be crucial in determining whether Shiba Inu's newfound momentum is a temporary phenomenon or the beginning of a sustained bullish trend.
COINBASE:SHIBUSDLong
by DEXWireNews
$SHIB - Up or down? Bias leans up.This chart is a tossup for me. However, I lean bullish here. To me, it looks like CRYPTOCAP:SHIB has 1 more leg higher to go before turning bearish over the short term. As you can see on the chart, price has held that bullish trend line. RSI is completely bottomed out on lower timeframes which to me indicates a move higher needs to happen before price can fall lower here. I lean towards a move higher to that $.00001074 area to mark off a high on the short term. The bearish scenario would be a break of the trendline and then falling to that lower support area. After that region gets tapped, then I think the higher target will play out. Let's see what happens.
COINBASE:SHIBUSDLong
by benjihyam
SHIB: Resistance BreakoutShiba Inu (SHIB) technical analysis: Trade setup : Following a bullish breakout from Falling Wedge pattern, price has now finally also broken above $0.0000080 resistance and 200-day moving average, which confirms a bullish trend reversal to an Uptrend. Price has pulled back and is retesting that breakout level. This could be a swing entry opportunity in Uptrend with upside potential to $0.00001 next. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $0.0000080 (previous resistance), then $0.0000070. The nearest Resistance Zone is $0.0000100, then $0.0000120, and $0.00001200.
Long
by altFINS
SHIB Pennant IncomingOn the journey to a complete W pattern at the $0.000015 price tag there will be a few, if not more, periods of consolidation. After a hot run up to the 0.00000970 range, Shiba Inu is beginning to consolidate into what may be a week long, or slightly longer, pennant formation. Buying opportunities may present themselves around the Fib Retracement Levels with a potential bottom near the 38.2% level. A breakout from the projected pennant could take Shib's value to the 1W (1 week) 38.2% Fib Retracement Level with the 1W 50% level being the next stop if this ceiling is blown through with significant volume. However, more consolidation should be expected in my opinion. As always, a breakdown is also possible which could hemorrhage Shib's value to prior lows. At the time of this article I am still confident on a pending completion of the W pattern (see my other idea linked at the bottom) but macroeconomic factors can accelerate or derail this formation. Stop-losses should be utilized and traders should be cognizant of any significant changes in the climate of the market. COINBASE:SHIBUSD
COINBASE:SHIBUSDLong
by Shepherd_Investor
Shiba Inu (SHIB) Poised For Greatness Shiba Inu (SHIB) are indicating an upward trend, signaling a breakout rally. Following a successful retest of the $0.000080 support level, Shiba Inu has seen an increase of over 15% in the past 24 hours. The memecoin needs to surpass and maintain a level above $0.0000093. At the time of writing, SHIB is trading at $0.0000092, recording a 10.23% increase in the past 24 hours. The lowest and highest price levels during this period were $0.00000815 and $0.0000095, respectively. The trading volume of the memecoin also experienced an 81% increase in the past 24 hours.
COINBASE:SHIBUSDLong
by DEXWireNews
SHIB: Resistance BreakoutShiba Inu (SHIB) technical analysis: Trade setup : Following a bullish breakout from Falling Wedge pattern, price has now finally also broken above $0.0000080 resistance and 200-day moving average, which confirms a bullish trend reversal to an Uptrend. Upside potential to $0.00001 next. (set a price alert). Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.0000070, then $0.0000055. The nearest Resistance Zone is $0.0000080, which it broke, then $0.0000100, and $0.00001200.
Long
by altFINS
#SHIBA#SHIBA Currently the coin found its support at 0.07981$ Personally expect to see the coin at around 0.09843$ 1st where we will see bear reaction. (2) Only after breaking above that level we can expect it higher at 0.119$ (3) If the coin manages to break above 0.139 in this case consolidation between this price and 0.152$ possible where either init breaks above 0.152$ and goes higher (4. 5.) or below 0.139$ in this case it may come back to 0.119$ or even 0.098$ My bullish TA invalidates if the coin comes back to its support at 0.07981$ and closes below with H4 or H6 in this case the coin will dump till that green box that you see on the chart.
Long
by vazitrades
2
SHIBA INU Technical Analysis And Trade Idea SHIBWelcome to our SHIBA INU Technical Analysis and Trade Idea. In this video we dive deep into the SHIB/USDT pair, focusing on the prevailing bullish sentiment found in the weekly (1W) and daily (1D) timeframes. Notably, our charts signal that SHIB is currently on the verge of a crucial support level, a pivotal turning point for this digital asset. Throughout this discussion, we'll explore the fundamental tenets of technical analysis, encompassing vital aspects such as analyzing the ongoing market trend, price dynamics, market structure, and other critical elements of technical analysis. As we progress through this analysis, we'll meticulously examine a potential trading opportunity within the SHIBA cryptocurrency. It's essential to underscore that the insights we share in this presentation are intended solely for educational purposes and should not be construed as financial advice. Participating in the foreign exchange market and cryptocurrency trading carries a significant level of risk. Therefore, it is imperative to prudently incorporate robust risk management strategies into your trading plan to effectively navigate these challenges.
Long
by fxtraderanthony
3
#Shiba #shibusd targets until the end of 2023.Shiba's TARGETS until the end of 2023. Unfortunately, Shiba's charts are incomplete and do not show the initial movements and rises of this currency, so it is difficult to analyze its next goals. But if we consider the same chart and consider the Ascension from 2020 to 2021 as a five-wave structure, based on the existing possibilities, we will reach a series of targets. Target one and two are available with a high probability, target three is ideal and target four has a low probability, but this is not the end of the job and if the conditions are met, higher targets are also available. TARGET1: 0.00001480$ TARGET2: 0.00003000$ TARGET3: 0.00007500$ TARGET4: 0.00016000$ TARGET5: OPEN Suitable entry range: 0.00000850 - 0.00000700$ STOP LOSS: 0.00000630 $
Long
by KhaniTechnical
3
!! Mysterious Shiba !! It is true that after the launch of Shibarium, we saw a downward correction in the Shiba trend. Something that not only Shiba, but the whole market was involved in. But the data shows that before the halving of Bitcoin, which will happen on May 1, 2024, we will witness a significant growth of digital currencies, especially Shiba. Based on Shiba's development plans, including the launch of Shibarium and the news of stablecoins and the high amount of token burning and the increase in investor demand, it indicates an upward trend. If this analysis is of interest to you, please support me with a boost and comment.Thank you
Long
by MyNameIsMilad
5