Get started

Shibanalysis

SHIBA INU range market 📖💡👌Hello 🐋 Based on the chart the price is close to the major support and better to say the previous zone that started its amazing pumping to the upside ✔️ and we expect to see gain and pump from here, besides the range market is acceptable scenario too 📖💡🚀 👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
7
Shiba INU(SHIB/USDT) Price May go Long Soon!Shiba INU price has been trading bearish for the past few months which was further intensified with the November collapse. Since then the price is attempting very hard to reclaim the levels above $0.00001 but the bears appear to have held the resistance at $0.00000935 and restricting the price below. However, an extended price compression often leads to a remarkable jump which may be expected any time in Q1 2023. The SHIB price is trading within a falling wedge, which is largely considered as a bullish indicator. The price rise is expected to rebound after reaching the lower support at around the yearly lows at $0.00000750 which may trigger a massive upswing. Hence, the SHIB price may eventually break out of the wedge by gaining immense bullish momentum and reach $0.00001028 initially. Here, if the bulls are able to hold the price above the crucial resistance, then a bullish yearly close is possible which may be further elevated towards new highs.
by Coinpedia-Market-Insight
1
SHIBA RECOVERY - BUY ZONE SET FOR SHORT/LONG BUY (15m)I have set up a new short - long term buy on SHIB/USDT (15 Minute Time Frame). Currently looking at an 'M' pattern, Shiba will hopefully take a fall to it's previous support as price couldn't hold it's trend line . This will take us to a major support where multiple bounces have been seen previously, especially for large upward trends long term. We could also even see a possible fake out to the downside of the trend line and a bounce back above to proceed with the upwards movement. This will all come down to the buy & sell orders currently set and s where all the investment money is set to go! Please feel free to provide your opinions and feedback on this trade and feel free to join me! ATTENTION: I AM NOT A FINANCIAL ADVISOR AND DO NOT TAKE ACCOUNTABILITY FOR YOUR DECISIONS BASED UPON MY ANALYSIS!
by TradingEnthusiast99
SHIB/USD Downtrend BreakoutThe idea here is about SHIB/USD: My view is short term Bullish for the below observed technical factors. Points as per TA on Weekly & daily Chart: 1. Broken out of Downtrend Channel as per below: 2. Possible Double Bottom pattern formation on a weekly chart await for neckline breakout as per below: 3. Possible Bearish Bat Harmonic Pattern CD leg in formation as per the published chart . 4. Bearish Cypher pattern completed on Daily chart, Target 1 Achieved & support confirmed at the time of publishing as per below : 5. Trading below 20 EMA on a weekly chart & above 20 EMA & below 200 EMA on a daily chart. 6. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily & weekly is Neutral at the time of publishing. 7. RSI is at 47.07 on a weekly Chart and 68.27 on daily chart at the time of publishing. 8. MACD above signal line on weekly & daily chart. 9. Hull Moving average on daily is a sell and Strong buy on Weekly & monthly. 10. ADX ( Average directional index ) trend strength is at 8.2 on a weekly which indicates a absent or weak trend ( ADX between 0-25 is a Absent or weak trend) & 43.17 on daily chart which indicates strong trend. Projected Target with %: Double bottom & bearish Bat targets are almost aligned at the same point. A). Conservative entries can wait for retest & neckline breakout confirmation on weekly chart for double bottom, target provided in chart. B). Bearish Bat target provided in chart. Stop Loss: provided in chart. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So Please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
FTX:SHIBUSDLong
by Tron029
Shiba Inu...Shiba Inu should fly from now on after invalidating a key level from last week. the adjusted count is one above, it wasn't clear because most ending structures are like that, the moment my mentor & I (Individually) started questioning ourselves on the clarity of the structure I knew we should be going upside. The wave that started early this month was an ending diagonal which is also mostly similar to corrective structures (3-3-3), The wave looks more like a 3-3-3-3-3, so I had to be patient until it was complete, that's why i was calling for a more conservatives approach looking for that at the very end. Breaking last weeks low was enough to complete the final 5th wave in a diagonal in 3 waves(always after 3 I usually expect an impulse). So the strength of the impulse right up above the May 14, low (0.00001146) means the down side move is now complete. Targets. Again conservatively looking, we should see: 161.8% extension $0.0007 200% extension $0.002 261.8% extension $0.012 Alternative. Is if we Impulsively go down to the bottom of the Channel trendline then push up impulsively again, other than that am not seeing downside anymore.
Long
by pkhumalo
2
Shiba Inu!From last week we are looking at the alternative structure unfolding. But this bear cycle is ending because it is a corrective wave, and I am expecting an ending structure that will be choppy but actually completing that (Y)leg in the red degree, which should come with strong divergence on the RSI. The blue strip extending from the blue-box is actually the 100% extension of the red (W) leg which began end of October 28, 2021 to January 22, 2022, which coincides with the lower boundary channel line. The red (Y) leg made an impulse to the downside rather than a 3 wave move thus we should be completing wave 5 in the coming days/week, with strong divergence(RSI) before we see an impulse to the upside. For me this is the last move to the downside... Alternative... I don't expect Shiba Inu to break below previous lows.
Long
by pkhumalo
1
Shiba Inu Bullish!It looks as though Shiba Inu has began its bullish sequence after completing the correction of the impulse that began from the 7 Sept 2021 low. That impulse was a 5 wave move to the upside topping on 28 Oct 2021 (All time High at 0.00008847). This impulse was then preceded by a downward channel unfolding in a 7 swing sequence bottoming recently as of 12 May 2022, making 0.00000910 as the end of wave 2 in the larger yellow (intermediate) degree, just a few points shy on the bottom trendline channel. The end of wave 2 means that we have now began wave 3 in yellow which I expect to unfold in 9,13,17(waves) etc..., depending on how many smaller impulsive subwaves are formed going up, already the impulse from 0.00000910 to 0.00001466 means we have began the uptrend with a subwave, (purple subminuatte degree). Alternate View! If however price fails to break strongly to the upside the next level of significance is 0.000018 - 0.00003... price should fail within that small bluebox, and head lower to break the May 12, 2022 low after which we then should expect it to go higher because it would have completely exhausted the possible corrective sequence to the downside. So our possibilities to the downside are now very much limited with only a possibility of one more move down if price fails to push higher within the small bluebox in it path.
Long
by pkhumalo
2
SHIB has hidden bullish divergence... LONGSHIB is a tough hold but if you can hold the pain you will see the long I have been anticipating for 3 weeks. I do not short SHIB anywhere above 0.000022 on purpose. SHIB loves long middle fingers lol waiting for those shorts to panic. It's coming. Buy here. Its a spot trade. On a spiritual level (I incorporate spiritual shifts with TA), it is a time of exploring pleasures. We just had a full moon. Now it is time for BTC to do what it does best liquidate the popular bets, because of the market and this fake dump, many have shorted. Don't be on that side. SHIB wnet long 23 percent last week. Don't be fooled we are not in a bear market at all. Watch for updates, happy gains. We should reach 0.000032 by next week IMO. we have enough support.
Long
by jasdabunny91
14
SHHIB close to support, lots of energy.Hello everyone, let's take a look at the SHIB to USDT chart at 4H as you can see the price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support where the price is currently at is 0.00002250 $, if the support breaks down, the next one is 0.00002156 $ and 0.00002066 $. Now let's move on from the resistance line, as you can see, the first resistance is $ 0.00002424, if you can break it, the next resistance will be $ 0.00002540, the next resistance is $ 0.00002639 and $ 0.00002736. Looking at the CHOP indicator, we can see that in the 4H range we have a lot of energy, which may result in more traffic in the coming hours.
by cryptodailyuk