Shibainu
#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.
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.
!! 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
Shiba Inu at Crossroads: What is the Future of the Memecoin?
Shiba Inu (SHIB) and other meme coins embarked on a rollercoaster ride in October. The crypto market saw SHIB’s value surge significantly as Bitcoin hit a new milestone at $35,000 before retracing to $34,000.
This surge ignited a sense of urgency among investors, leading them to secure their positions in anticipation of the bull run swiftly. However, as November unfolds, the pivotal question looming over the market is whether these gains can maintain momentum.
Shiba Inu Recent Price Movement
Shiba Inu came close to initiating a fresh recovery phase, aiming to break through the $0.000008 resistance level. However, profit-taking and a potential lack of buyers resulted in a minor pullback.
SHIB currently trades at $0.00000779, reflecting a 2.3% dip in the past 24 hours and a 1.1% loss over the last seven days. The meme coin market is known for its rapid and unpredictable price fluctuations.
Meanwhile, large volume holders, often called “whales,” have made significant moves in the SHIB market this week. Whale Alert reported a transfer of SHIB tokens worth about $35 million from an unknown wallet to another undisclosed destination.
Are the Whales Making Waves?
In another development, approximately 4.46 trillion SHIB tokens ($33.9 million) were transferred from the Bitvavo exchange to an unknown wallet. Investors are now pondering the potential price impact of these whale movements.
While it’s challenging to predict how these transfers will influence the market, they add an element of intrigue to Shiba Inu’s future. Whale activity can sometimes lead to increased market volatility, so it’s wise to monitor SHIB’s performance closely.
Furthermore, well-known trader and analyst Rekt Capital suggests that the bear market is a distant memory, and a full-fledged BTC bull market is on the horizon. This optimism could provide momentum for meme coins like Shiba Inu.
Shiba Inu’s remarkable journey in October, along with the broader meme coin movement, has garnered global investor attention. While the meme coin market is characterised by its inherent volatility, it continues to be an exciting space for those seeking high-risk, high-reward opportunities.
$shib Measured (long scalp move) to 966 areaShiba Inu has recently broken a daily resistance level, and the next measured move is expected to be towards the next resistance at 0.00000966. This break of resistance suggests bullish momentum in the short term.
Key points to consider:
Break of Daily Resistance: The fact that Shiba Inu has broken a daily resistance level is a positive sign for traders. This indicates that there is buying interest and increased demand for SHIB at this point.
Measured Move Target: The next measured move is expected to reach the next resistance level at 0.00000966. Traders often use measured moves based on technical patterns to set price targets.
Bullish Momentum: The break of resistance suggests a short-term bullish trend in SHIB. However, it's essential to consider other technical indicators and market conditions to confirm the strength of this move.
Risk Management: It's crucial to implement proper risk management strategies, such as stop-loss orders, to protect your investment in case the price doesn't reach the next resistance level or reverses.
Please note that technical analysis is not foolproof, and market conditions can change rapidly. It's essential to use multiple indicators and stay informed about news and events that can influence cryptocurrency prices. Always perform your due diligence before making trading decisions.
Surfing the Waves of Shiba Inu's ConsolidationShiba Inu is currently undergoing a consolidation pattern that is approaching a descent to the 50% retracement line with an approximate $0.00000745 price target. This greets the support line of what may be a several week long symmetrical pennant and an opportunity for a short-term trade that garners notable profits.
Significant buy back at this level will most likely cause the asset to retrace back to the 78.6% Fibonacci level ($0.00000790). Significant resistance at this level will most likely result in a support touch at 61.8% ($0.00000763) before returning to a resistance range around $0.00000780. This completes the M pattern and places us several days from a potential breakout or breakdown around the second week of November.
With a total increase in value of +24.65% during this uptrend, a high volume breakout can take Shiba Inu's price to 0.00000927 while a high volume breakdown can diminish its value to 0.00000599.
COINBASE:SHIBUSD
ETH Looks weak.Let see if ETH can meander slowly back up into that daily Fair Value GAP, and in to the previous weekly low.
From there i will look for a short trigger,
If it breaks down from here and hangs below that 1550 level I will be looking for a short trigger also.
Looks weak.
target 1460
target 1360
SHIB/USDT potential shift? 👀 🚀 SHIBA Today analysis💎 Paradises, set your sights on SHIBUSDT as it showcases robust momentum above the ema200, hinting at a heightened likelihood of a bullish trajectory.
💎 Recently, SHIBUSDT has broken out of its descending channel and simultaneously surpassed the ema200. The intriguing part is, if the price sustains its strong momentum above the ema200, there's a significant probability it will address and potentially mitigate the bearish OB and supply zone at .999.
💎 Should it break above this level; another scenario emerges where it might aim for the next resistance level.
💎 Conversely, if the price doesn't maintain its momentum, it may seek a bullish resurgence from the .700 level. However, a breach of this support could usher in downward tendencies.
SHIB/USDT Nest possible move? 👀 Shiba Today Analysis💎 Paradisers, turn your attention to SHIBUSDT as it navigates within a demand zone, signaling potential upcoming developments.
💎 For a considerable duration, SHIBAINU has been tracing a descending channel pattern, with the upper boundary consistently acting as a formidable resistance.
💎Currently positioned within the demand zone, our analysis leans towards the possibility of the asset challenging the aforementioned resistance once again in the near term.
💎 However, given the prevailing market uncertainties, should SHIB breach the demand zone, be prepared for a potential bearish descent.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insight
Shiba Inu to see a 3.5% bounce, here's whyShiba Inu sank to the low at $0.00000673 on Thursday but has seen a small positive reaction. Data from Hyblock showed Liq CVD was massively bearish, meaning a move upward to liquidate bears would cause a lot of pain and allow a lot of liquidity to be captured before the next true move downward. This bounce is what traders can look to an intraday trade on.
Entry: $0.00000676
Take-Profit: $0.00000703 (target set on Hyblock liq levels as well as the short-term range that SHIB could have formed)
Stop-loss: $0.00000666 (or tighter)
R:R- 2.5
Biggest Mover: SHIBA INU
Shiba inu (SHIB) was a notable mover on Wednesday, as the meme coin fell for a second consecutive day. Following a high of $0.000006945 during yesterday’s session, SHIB/USD slipped to an intraday low at $0.000006842 earlier today.
The move saw SHIB drop towards a key support level of $0.00000670, which was last hit on October 12. This decline comes as the relative strength index (RSI) collided with a floor of its own, at the 39.00 zone. Wednesday’s sell-off comes after shiba inu rose to one week high of $0.00000729 on Monday.
SHIB/USDSHIB/USD Weekly EWT Ending Diagonal ?
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and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
SHIB: Support BreakoutShiba Inu (SHIB) technical analysis:
Trade setup : Following a bullish breakout from Ascending Triangle, price reached $0.0000115, which was target for the breakout. Subsequently, price pulled back and broke below $0.000008 support, which is where the prior bullish breakout occurred. This opens up downside risk back to $0.0000055.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $0.0000070, which it broke, then $0.0000055. The nearest Resistance Zone is $0.0000080 (previous support), then $0.0000100, and $0.00001200.
SHIB: Support BreakoutShiba Inu (SHIB) technical analysis:
Trade setup : Following a bullish breakout from Ascending Triangle, price reached $0.0000115, which was target for the breakout. Subsequently, price pulled back and broke below $0.000008 support, which is where the prior bullish breakout occurred. This opens up downside risk back to $0.0000055.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $0.0000070, which it broke, then $0.0000055. The nearest Resistance Zone is $0.0000080 (previous support), then $0.0000100, and $0.00001200.
SHIB/USD - Bears Dominate! Expect lower levelsSHIB failed to hold at $0.0000070 and has since fallen lower.
Hopefully bulls will come around $0.0000065.
Bias is bearish and the momentum indicators and volume both signal sellers have the upper hand right now.
Wait for the price to reach the key support, then re-assess.
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📈Rest in peace Shiba Inu📉BINANCE:SHIBUSDT
COINBASE:SHIBUSD
Hello dear traders. After losing the lovely Shiba Inu dog, I hope the price of this token will return to its previous level
I personally liked this dog very much
In the next few days, SHIBUSDT is expected to stabilize between the yellow areas.
If the price breaks below the mentioned areas, the price will drop to the level of 0.0000065 (probably price receive support here) and then 0.0000059.
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SHIB's Slip or Shift: What's Next?As of October 10, 2023, Shiba Inu (SHIB) is trading at $0.00000688, showcasing a descent from its price range maintained from September 11th to October 9th, where it oscillated between $0.00000712 and $0.00000760. The price took a dip on October 9th, moving out of the previously held range, reflecting a market sentiment shift.
Key Prices:
Current Price (as of Oct 10, 2023): $0.00000688
Recent Price Range: $0.00000712 to $0.00000760 (Sep 11 - Oct 9)
Fibonacci Levels: 0.0 at $0.00000673, 0.5 at $0.00000700, 1.0 at $0.00000729
Analysis:
The recent price action reveals a break from the relatively stable range held over the past month, entering a new territory as of October 9th. The drop aligns with a broader market sentiment that remains cautious, if not bearish. The Fibonacci retracement levels drawn from the recent highs and lows provide a technical perspective, outlining potential support and resistance zones. The 0.5 level at $0.00000700 could act as a psychological barrier, with the 1.0 level at $0.00000729 indicating a stronger resistance, and the 0.0 level at $0.00000673 serving as a crucial support.
Most Probable Scenario:
With the price currently lingering below the 0.5 Fibonacci level, SHIB faces a testing time. A rebound from the current levels, possibly finding support at the 0.0 Fibonacci level, could attract cautious optimism among investors. Conversely, failing to hold above the 0.0 level might extend the bearish sentiment, driving the price further down. The reaction of SHIB's price around these Fibonacci levels, coupled with any upcoming market developments, will likely dictate its short-term trajectory. The historical price range and the recent break from it should be closely monitored by investors to gauge the market's next move.