Shibainu
SHIB: Channel DownShiba Inu (SHIB) technical analysis:
Trade setup : Trading in a Channel Down pattern. Wait for a breakout. Bullish breakout above 200-day MA and channel’s resistance trendline could signal trend reversal. Price needs to regain that 200-day MA and $0.000012 levels to resume Uptrend.
Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $0.000010, then $0.000008. The nearest Resistance Zone is $0.000012 (previous support), then $0.0000150.
🔥TAKE A CLOSER LOOK AT SHIB BEFORE IT GOES TO HIGHS🔥Hi, friends SHIB still doesn't show it's potential but I think the pump will begin very soon. Here is an entry point and 3 targets for SHIB.
📊 TRADING PLAN FOR SHIB:
1. squeeze to the trendline
2. buy orders on DOM and Footprint scalping tools which help to track the whales
3. bullish BTC or consolidation at least
🚩 BTC updates the highs, but altcoins close to its bottom. That's mean that alts accumulate the power to explode when BTC reach the local highs and start to consolidate there.
✅ THE MAIN TARGETS FOR SHIB:
🔥 $0.00012-125 - the value area and strong resistance
🔥 $0.00014 - the key level
🔥 $0.000175 - the key level and local high
I think that the local high will be the highest price only if Elon don't start to pump memecoins (DOGE, FLOKI, SHIB) again.
💻Friends, press the "boost"🚀 button, write comments, and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
shibusdhey everyone...
shib is picking up from the support around 0.00001036... with shib coin burned this morning, we could see a bullish movement, making the coin jump to next resistance level of 0.00002014... in long run it is possible for shib to scratch more zero.. as the circulating supply decrease
high possibility for shib to be bullish in coming week as Eth is break the resistance trendline and reaching near 2000
good luck
✴️ Shiba Inu Back On The Green? Patience Is Key! Easy 70%The correction definitely ended 10-March but this market is taking its time to recover, why?
We are set to experience long-term growth.
Shiba Inu (SHIBUSDT) is set to grow for the long-term.
That's why it is taking its time to recover because the longer the consolidation phase, the stronger the growth that follows when it takes place.
✔️ We can see the downtrend from the early Feb. high already broke.
✔️ We can see prices trading above EMA10 and MA200.
✔️ And again, the classic MACD bullish cross.
Over 70% can happen easily and fast on the next jump... But prices can go much, much higher. Patience is key.
Thanks a lot for your continued support.
Namaste.
SHIBUSDT hitting weekly support, a long is favorable hereThe last trade was closed without profit and the price bounced and moved up as expected but remained a bit short of target. Now the price has fell again back to weekly support and a long is favorable here. For a bit better and conservative entry long it when price dips below the weekly support.
#Shiba perps trading platform project With the announcement of the testnet of #Shibarium
and the release of the main net once we see #Ethereum in bull market valuations (above $2500)
It is wise to allocate some small capital degen money to #Shib 's ecosystem
#TAIL seems a high reward play at this early stage
The number of holders is growing rapidly which is something I attain to look for
Shiba Inu: AB=CD Bullish BAMM Continuation off the 200 Week SMAShib after an initial rally off the PCZ of the two Harmonics to the left has pulled back towards the 200 Week SMA and Briefly Consolidated this level also happens to align with the 1.618 and 0.786 Confluence zones. The MACD will see be crossing into the green and if it does we can see this atleast go for an AB=CD Continuation Move from here but i think it's likely it moves well beyond just the AB=CD move and atleast goes to the 2310 Area ust based on the structure and the Macro Logscale Gartley on the left.