Analyzing the SHIB/USDT daily chart, it's clear that the market has shown a mixture of explosive growth followed by a sharp decline, which is typical for volatile assets like SHIB. Let's dive deeper into the key technical indicators and the support and resistance levels to get a clearer picture of potential market movements. Support and Resistance...
In my technical analysis of the SHIB/USDT daily chart on Binance, I focus on the trend behaviors and key indicators that could provide insights into future price actions. The chart reveals a volatile journey for SHIB/USDT, particularly noticeable in the sharp spike and subsequent fall during early 2024, characterized by point A on the chart. This volatility has...
Upon analyzing the daily chart for SHIB/USDT, I have identified several critical elements that provide insight into the current market condition and potential future price movements. Technical Analysis Observations: Support and Resistance Levels (S1, R1, R2): Support Level 1 (S1): At approximately $0.00001057, this level has been a significant support zone. It...
The SHIB/USDT pair, as shown on the daily chart, trades at $0.00001655, demonstrating a significant bearish trend with a recent decline in value by approximately 5.59%. The trading environment has been largely bearish over the past months, following a failed breakout above earlier resistance levels. Key Support and Resistance Levels: Resistance 1 (R1):...
In this technical analysis of the SHIB/USDT daily chart, we explore the recent price movements and use key technical indicators to forecast potential future trends. Key Observations: Current Price and Recent Movement: SHIB/USDT is trading at a price of $0.00001854, showing a moderate increase of 2.49% today. This suggests a possible change in market sentiment or...
SHIB ~ 12H 📈 #SHIB Successfully penetrated the resistance of this pattern. We will start making purchases gradually from here, with a minimum target of 15%++
The SHIB/USDT daily chart indicates a significant downtrend with the price closing in on the support level (S1) at 0.00001599. If the price breaches this level, it might signal further declines. The resistance levels (R2) sit far above the current price at 0.00003357, suggesting that the asset has room to recover if the momentum shifts. However, the current...
SHIB ~ 6H 📈 CRYPTOCAP:SHIB Make a purchase after successfully breaking this resistance line or buy after Retesting the nearest support. with a minimum target of 15%+
Shiba Inu found a support at $0.00002399-$0.00002509, the key daily support zone. A bullish reversal from this zone is likely, assuming we see back bullishness in BTC, and will result in a move to re-test $0.00003107. A bearish break-out of $0.00002399-$0.00002509 will push SHIB price lower towards $0.00001911. Intraday Chart The...
Based on the provided market data, SHIB is currently trading at 2192 USDT. The Relative Strength Index (RSI) is an indicator that measures the speed and change of price movements. An RSI above 70 typically indicates that the asset may be overbought, suggesting a bearish price movement in the future. The RSI for SHIB is 76.99 for 4 hours, 100.04 for 1 day, and...
SHIBA INU has been experiencing significant selling pressure, compromising its previous bullish trend and indicating a potential reversal. The 50% Fibonacci retracement level presents a logical entry point for a short position. As the market seeks liquidity, price action could target previous swing lows. Consider initiating a short position on #SHIB at the 50%...
Based on the market data provided, the SHIB/USDT pair is currently trading at 97.0. The Relative Strength Index (RSI) over a 4-hour, 1-day, and 7-day period are 58.81, 60.11, and 55.90 respectively. These figures suggest that the pair is neither overbought nor oversold in the short, medium, and long-term. The Moving Average Convergence Divergence (MACD) for the...
It has a corrective structure in daily and H4 time frames. In a support strip with a corner pattern, it can have two movement paths. If the blue bar is formed by one or more confirmation candles, it can break the dynamic resistance trigger and have a temporary rise to the specified supply area. Otherwise, with the failure from the bottom and confirmation below the...
we need to see last drop for shiba and it break level 0.000005$ after breaking that level it will be the last chance to buy for next bull run
SHIBA INU has faced downward pressure and is evidently in a downtrend as we can see on this 4H time frame. We are exploring the Fibonacci retracement levels of 50-61.8% to pinpoint a potential entry point for a short position. It's important to note that this trade idea is purely speculative and not intended as a trade signal. This information should be viewed...
This chart is a tossup for me. However, I lean bullish here. To me, it looks like CRYPTOCAP:SHIB has 1 more leg higher to go before turning bearish over the short term. As you can see on the chart, price has held that bullish trend line. RSI is completely bottomed out on lower timeframes which to me indicates a move higher needs to happen before price can fall...
This is a 1D frame analysis for SHIBUSDT After hitting the resistance line, the price was unable to establish itself above it and with the high selling pressure, bears were able to push the price down. However, currently the price can establish itself on the first support line and after a bit of rest can move back towards the resistance line. But if it fails to...
look are you thinking what im thinking about the money on crypto ?? cause shiba will going to the moon after Q2. maybe we can look at this year and don't forget about not financia advice.