SHIBA INU / USD : UPDATE | BREAK TRIANGLE PRICE WILL FLY SOON...Welcome back Traders, Investors, and Community!
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Shibacoin
SHIB GETTING READY FOR ANOTHER LEG-UP?SHIB's recent 300% move shocked many traders, however with that move we've seen huge bearish divergence on RSI and many other inidicators and SHIB had to take some rest to correct the bear divergence.
On the hourly chart It looks like SHIBA INU is getting ready for another leg-up, look at the previous legs, whenever we paused and retested the support we've showin massive upside.
With the last correction we have a trendline again and if we break it with volume you can go long on the breakout.
If SHIBA INU can do it again our targets on (1000SHIB) will be $0.0324 - $0.06 ...
Good Luck!
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SHIB – another move up coming?
SHIB has had a great run recently, there is no denying that. But is it actually done?
If we drop to lower timeframes ie 1h, we can see there is an upper and lower trendline support that is holding so far. We’ve had a few attempts to break to the upside but price keeps getting knocked down before quickly bouncing back.
The OBV is also putting in an upper trendline and has had multiple touches.
As price stays between the trendlines it is being compressed, and will soon spring out to either side.
Based on what we are seeing it seems likely that there will be a break to the upside.
If this happens, expect a quick run to 3000 sats.
SHIBUSD May Jump Higher AboveMy Favorite Crypto Shiba Inu vs Dollar pair may yet create a new high of all time.
From my analysis, i may say that Shiba Inu is heading to touch the upper bounds of my channel. Not sure what is driving the move (hahaha). Am just sure of one thing which is "channel touches always holds true".
You may want to wait for confirmation before jumping in.
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..
SHIBA INU : BULLISH TRIANGLE FORMATION + NEXT TARGET 🔔Welcome back Traders, Investors, and Community!
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Shib Usdt Tecnical AnalysisIf we think that there will be a harmonic pattern, the resistance and support points should coincide with the specified areas on the chart.
When we examine the price levels and the resulting pattern, it is clear that a harmonic pattern is about to form.
Assuming that the XAB legs are formed, we can predict exactly where the C and D legs will extend.
I see that the indicator data supports this idea. From the EMA data, we can think that this movement will not end the uptrend, on the contrary, it will continue.
Note: This is not investment advice.
SHIBA INU / USD Coinbase: BULLISH DRAGON PATTERN | LONG SETUP 🔔Welcome back Traders, Investors, and Community!
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$SHIBUSDT 1st Target PT .0001-.00013 Long term PT .70Shiba Inu Coin Price & Market Data
Shiba Inu price today is $0.000028446277 with a 24-hour trading volume of $10,762,183,913. SHIB price is up 33.2% in the last 24 hours. It has a circulating supply of 500 Trillion SHIB coins and a total supply of 1 Quadrillion. If you are looking to buy or sell Shiba Inu, Binance is currently the most active exchange.
What is Shiba Inu token?
Shiba Inu (SHIB) is a meme token which began as a fun currency and has now transformed into a decentralized ecosystem. During the initial launch, 50% of the supply was allocated into Vitalik Buterin's ethereum wallet. The price of SHIB has soared from as low as $0.000000000056 to an all time high of $0.0000379, that is a 140,000 times increase within 8 months.
As a result of that, Vitalik proceeded to donate 10% of his SHIB holdings to a COVID-19 relief effort in India and the remaining 40% is burnt forever. That donation was worth about $1 billion at that time, which makes it one of the largest donation ever in the world.
What is the Shiba Inu community working on right now?
The Shiba Inu team launched a decentralized exchange called Shibaswap with 2 new tokens, LEASH and BONE. LEASH is a scarce supply token that is used to offer incentives on Shibaswap. BONE is the governance token for holders to vote on proposals on Doggy DAO.
ShibaInu to the moon?! where to sell?!Shiba has started a motivation wave, it may hapen some small correction, but it still seems it has a long way to grow.
the orange lines on the chart show the daily resistance on which we can buy to the target I determine in the chart.
Good luck, Drop like to give us energy :)