Shibarmy
SHIB/ USD CAN WE BREAK RESISTENCE ZONE ?After SHIB nicely bounced on our support1 @0.00002440 it also turned our resistance @0.00002670 into an support ! it looks like its going back to his resistance zone ! we just need an upwards breakout of our trendline (that is almost happening) !
Could it go through his resistance zone ?
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Shiba Update Shiba is still on bullish pennant. Might still go down for the E wave before we go to the moon. Our initial target would be the ATH.
SHIB ARMY! Chart by Commander CryptoKnee ShibArmy Reserve. 17OCTSo the 2 time voted "grandma could do better" chart worked out pretty good as described in last chart, it broke the trend line down and retested the previous support where bulls were waiting and bounced 20%! BUT for this triangle variant, its not all sunshine and rainbows though, as things in the market rarely are. Still being cautious as anything could happen and right now the PA is reacting to the golden corner pocket and vol came in for this move but average is down... which is typical for a triangle. Now that price has broken above some of these previous resistance, bulls want to see these flip and turn into support. NGL some of the Elliott wave on this last move is a bit questionable to me, ATM, so still meditating on that, but structure has been playing nice so keeping an eye on that for now.
SHIB ARMY! Chart by Commander CryptoKnee ShibArmy Reserve. 16OCTRed Path NAILED the Price action, and my previous Elliott wave chart is progress pretty well also so check that out. If you are actively trading this asset, you may want these lines. Moved the level labels around a bit and noticed RSI on the 1 hour has bounced off the bottom, last 2 pivots coincided with overbought oversold areas. Volume still dropping. Green would be a nice path up and out of this range and fit a triangle correction pretty well. Current PA is grinding up the trendline, could see it grinding up to the resistance then, POP. Fall out of the grindage could mean a revisit to previous support, which will hopefully hold. BUT nothing is for certain and always good to have a back up plan ready.
SHIB slightly stalled out and bearish?I have noticed that we are loosing steam, I was expecting a drop to .000028 but I think we can go below. I dont have exact targets because I watch BTC for guidance in down swings. I do have an older lower target but nothing is for sure here. Just please note the interactions with trend line, and resistance as we are at a critical spot. I am neutral to be fair and in cash. This is not financial advice.
SHIB/USD BUY POTENTIALBreakout of the trendline ? If so my buy order is ready at the supports :D I believe SHIB is going pump agian to his major high ! What do you think ? here are my 2 options that can happen
SUPPORT1 @0.00002445
SUPPORT2 @0.00002145
SUPPORT3 @0.00001745
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SHIB - Most Critical Cross Roads Yet!!!SHIB is in quite the triangle and I am eyeing the upper target but I also am aware that BTC may call the shots here. I don't think we will see sideways action for more than a day. We need to see RSI holding while adding in a bit of buying volume for the ideal launch from here. SHIB NFTs are going to be big and lots of hype in general behind this ol shit coin. (DYOR, NFA)
SHIB/USD BUY POTENTIALSAfter SHIB had a very nice bullish trend, it was expected to have an exhaustion sometime. I see some nice buy potentials at support1 @0.00002115 / at support2 @0.00001785 / at support3 @0.00001535
If it bounce on support1 ( same for support2 and support3 ) it will stay between the trendline and the support till it will breakout of the trendline to find his way back up to his resistence zone and hopefully will make new highs ! :D
SHIB to the MOON !!