Shiba
Shiba Inu (It Is All Done For Your Entertainment)Even though my first reaction was like, "Leave me alone I am trying to work...", I still like to make people happy.
So someone asked for me to read the chart for SHIBUSDT (Shiba Inu), they want to know what I see.
Ok... That's fine my with me.
It will be my pleasure.
I hope you enjoy the content.
Let's get started!
The #1 is the initial phase.
Here we have a strong consolidation phase that lead to a major bullish wave.
The #2 is the second phase.
We are having another consolidation phase before the next bullish wave.
It is that simple, we have higher lows long-term.
Higher lows lead to higher highs.
This person that is asking is very likely getting paid...
But they won't pay me, they want it for free...
And they won't even support me when I hit publish... That's how it works, they ask, ask, ask, ask, ask and ask... Receive but in return show no support.
That's fine.
I am not doing it for money.
I am doing it because someone, somewhere, can benefit from these posts.
Namaste.
P.S. It is supposed to be funny even if it sounds harsh.
What is happening and what is going to happen
The table shows that the trading behavior of cryptocurrency whales is, in general, heterogeneous. As a result, it can be difficult to interpret big players' behaviour.
Appendix:
Whales:
1- Institutions: money centre banks, hedge funds, Grayscale, Tesla ...
2- Exchanges: (6.7% of Bitcoin in circulation was held on exchange wallets),
3- Individuals: Elon Musk (Dogecoin- BTC- ETH- ETC).
4- Satoshi Nakamoto: first 1.8 million or so BTC first created, have never been spent.
Shiba daily swings the white channel was the daily up trend channel, after reaching the the ath in the channel price drops to the first correction point. correction will happen to the level which the 0.618 Fibo projection level shows end of the down trend in red channel. time and price are exactly showing the same point. this is a an original method for analyzing market movement.
SHIBUSDT 6H TA; Break TrendLineAccording to the chart, the upward trend line has been successfully broken and the pullback is being completed, if it crosses the resistance range specified in the chart, it is suitable to enter. Otherwise, we will have correction.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
SHIB/USDT: Bullish reversal on going---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
SHIB/USDT: Bullish reversal on going
Context
The Global Crypto market leads by BTC and ETH is still evolving within a bearish market configuration. Like the others digital asset Shiba Inu (SHIB) is suffering about negative global market situation, and with a massive total supply of 1,000,000,000,000,000 (55% of the supply in circulation) it is hard to see a fondamental bullish pressure to be set from the supply management.
Main ressources
Coin Market cap (Supply) =>https://coinmarketcap.com/currencies/shiba-inu/
Shiba Token (Website) = > shibatoken.com
Market configuration
- Graphical Elements :
Graphical Resistance = 0,00001570/1930 & 0,00002840
Graphical Support = 0,00000950
- Mathematical Indicators:
EMA ( Exp Moving averages) are support = Bullish
RSI indicator (below) is reintegrating 50% = Bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target c B hasn't been already reached = 0,00000685
Fibonacci support of the wave (ii) = 0,00000950
Fibonacci Bullish Target = 0,00001930 & 0,00002840
Conclusion
Prefered case => As long as 0,00000950 remains support a further rise towards the upper part of the bearish channel at 0,00001570 before 0,00001930. After having reached those target a larger rise will be confirmed
Shiba Inu Is Set For Exponential Growth (70% Short-Term)By short-term we mean within a month (within 4 weeks).
When we say mid-term we are talking about a 1-3 months time window.
And finally, long-term can be 3-12 months...
But these are just approximation, we spot trend-reversals, buy and hold and let the market take care of the rest.
The waiting time can be one day, 1 week or 6 weeks it makes no difference because we only close a trade if it goes below the stop-loss.
Shiba Inu (SHIBUSDT) closed yesterday above EMA50 ("conquered" this level) and now it is time to grow.
We are looking at 70% potential profits short-term.
After we hit this target, we share a new analysis to see what comes next.
But very likely we get a correction/retrace.
Each time a strong resistance level is tested/challenged a correction takes place.
This is normal price action.
Namaste.