Shibacoin
Shiba Inu to Consolidate and Keep GoingThis is not financial advice, but my fundamental analysis of this coin has shown that it truly has the gas to outlast and outperform DOGE coin's growth and use potential. With recent comments about Shib from Robinhood's CEO, many are left wondering which DEX will list SHIBA INU next, and whether or not SHIB will in fact become Robinhood's 8th Crypto holding option. With Elon Musk tweeting about Shiba Inu just a few weeks back, momentum is still building, and Shiba INU may just be getting started.
-Additional burns incoming from Shib as well...
SHIBA INU Reverse H&S on HourlyShiba Inu coin has continued down the projected and expected corridor forming what appears to be a massive bull flag. If we look inside; however, we can also see that a Reverse H&S pattern may be emerging signaling a mark up in price is likely.
Shiba Inu! Excaltly what I predicted. Shiba Inu! Exactly what I predicted! LOL! It was on a bullish pennant and reached the ATH. Now will it break the Resistance to the upside? Or we will a see a double top and or a correction?
SHIB SHIBUSDT LONG Stop loss levels mentionedSHIBUSDT is moving exceptionally we can attempt to still ride the trend with stop losses. As it is making higher highs and higher lows and continuing its bullish trend. stop losses level are on higher lows
Entry at current level
Stop Loss 1 = 0.00003463
Stop Loss 2 = 0.00003204
SHIBUSD ready for a quick leg upReasoning:
Pinching RSI & MACD with strong support on both of them.
High volume point rn (POC for the timeframe) - POC means Point Of Control for those who aren't familiar yet.
Strong support on the actual price chart.
Be careful out there, happy trading, and have a great weekend everyone!
(P.S. Don't be afraid to sell half position at first PT.)
Stefan
What SHIBA INU CEO Just Said about RobinhoodLast night Jim Cramer asked Robinhood CEO Vlad Tenev about adding Shiba Inu coin to the exchange. He didn't exactly answer the question by saying "no" but instead, simply mentioned that they only offer 7 coins for now, but that everything must go through stringent criteria before being added.
A report from thedailysats.com stated:
"If Tenev did confirm it, the news would have caused a frenzy causing a pump and dump. Therefore, keeping it hush-hush would also make sense. While one can only speculate, only time will tell if the exchange is actually listing the wildly popular dog-themed cryptocurrency."
Personally, I believe that some big things are still in the works for Shiba Inu as so many retail investors are taking notice. I'm going to keep an eye on this one as I believe that it has potential to outpace DOGE over the long term.
waiting on trend line bounce but shiba looking very bullishshibainu looks like trend continuation is happenin it is currently trading in a channel that usually leads to a bullish break out.
look for a long entry,
SHIBUSDT Continuation of the fall to the level of 0.00002643I expect continuation of the fall to the level of 0.00002643. shiba is not in time to my previus forecast, but judging by the formation, bearish sentiment prevails. Also, there is still a bitcoin correction ahead that will pull the alts down.