Time for a breakout ! UP or DOWN ?If SHIB breakout upward and retest the trendline it will rise again to its major high @0.00003530 ! If downward ... then i think it also going to break the daily support and support 1 @0.00002760 . But will be catched at support 2 @0.00001800 .
If so? then i will buy the dip! :D
Shibarmy
SHIBA INU - The Dog Is Going For A RunAnalysis:
- Fibonacci Retracement
- Trendline Analysis
- Liquidity Point Analysis
- Support & Resistance
- Structure Analysis
Black S = Support / Black R = Resistance
Green S = Supply Zone
Rocket Ships = Buy The Dips
Smiley Face = New ATH
Opinion:
Shiba Inu is getting ready to go on a bull run
I expect there to be some good news coming in the next few weeks
I am glad I have been accumulating at these lows
Woof Woof :)
$SHIBUSDT Sky High!!!WYCKOFF RE-ACCUMULATION
Re-accumulation after shakeout
BULLISH PENNANT
Shiba Inu Coin Price & Market Data
Shiba Inu price today is $0.000031153597 with a 24-hour trading volume of $6,947,766,198. SHIB price is up 16.0% in the last 24 hours. It has a circulating supply of 500 Trillion SHIB coins and a total supply of 1 Quadrillion. If you are looking to buy or sell Shiba Inu, Binance is currently the most active exchange.
What is Shiba Inu token?
Shiba Inu (SHIB) is a meme token which began as a fun currency and has now transformed into a decentralized ecosystem. During the initial launch, 50% of the supply was allocated into Vitalik Buterin's ethereum wallet. The price of SHIB has soared from as low as $0.000000000056 to an all time high of $0.0000379, that is a 140,000 times increase within 8 months.
As a result of that, Vitalik proceeded to donate 10% of his SHIB holdings to a COVID-19 relief effort in India and the remaining 40% is burnt forever. That donation was worth about $1 billion at that time, which makes it one of the largest donation ever in the world.
What is the Shiba Inu community working on right now?
The Shiba Inu team launched a decentralized exchange called Shibaswap with 2 new tokens, LEASH and BONE. LEASH is a scarce supply token that is used to offer incentives on Shibaswap. BONE is the governance token for holders to vote on proposals on Doggy DAO.
Shiba Inu coin in 2021
Right now in 2021, Shiba Inu coin has captured mainstream attention as a meme coin. On May 11th, 2021, the cryptocurrency reached an all-time-high price of $0.000035. That was a +62,500,000% increase from when it was launched in August 2020.
While Shiba Inu is growing at a much faster rate than Dogecoin, it is also much more volatile than the longer running meme coin.
SHIB GETTING READY FOR ANOTHER LEG-UP?SHIB's recent 300% move shocked many traders, however with that move we've seen huge bearish divergence on RSI and many other inidicators and SHIB had to take some rest to correct the bear divergence.
On the hourly chart It looks like SHIBA INU is getting ready for another leg-up, look at the previous legs, whenever we paused and retested the support we've showin massive upside.
With the last correction we have a trendline again and if we break it with volume you can go long on the breakout.
If SHIBA INU can do it again our targets on (1000SHIB) will be $0.0324 - $0.06 ...
Good Luck!
If you liked this idea make sure to like and follow :-)
SHIBA INU PredictionsG'day, Guys. Its Monday
Today I am gonna touch on a newly listed cryptocurrency called SHIBA INU.
SHIBA Inu started with Meme Coin (Joke Coin most of the Crypto Trader). Personally, as been in the financial market for over 16years, I see huge potential next few years. Technically, this pair has complete the first leg of correction at 50% fib retracement and started to move forward to the next target for ATH (ALL time High).
With a combination of technical and fundamental data that I personally dig up, this pair currently trending on Twitter was been discussed and most media and financial magazines. I predicted coming the next few months we might see a penny ($0.01).
Let's see what gonna happens next. "DANCE with The Market" Cheers
Current State of Shiba InuAfter almost 4 days of astronomical bull run finall we have our expected pullback . Finally we found a resistance level around the 0.00002 area and expect further consolidation if there are any new updates on our catalysts such as Robinhood and other known personalities. as we can see we form a double top pattern within a day. Double top pattern are usually an extremely bearish reversal sign thats why we have such pullbacks. We can expect and hope that this consolidation will remain until such updates on our said catalyst . Stay strong Shib Army for we can see ourself on a HUGE Cup and Handle pattern scenario in which we are just preparing for another Bull Run and probably the first target is the current ATH.
Stay Positive . The most powerful warriors are patience and time.
Ascending triangle 15 min chart SHIBAFolks,
Another Ascending triangle is being formed on the 15 min chart..
This is normally a bullish pattern and we should breakout upside..
However because this is a high probability game be aware of a scenario we move out of apex and go sideways..
Worst case scenario we breakout below..
$SHIBUSDT 1st Target PT .0001-.00013 Long term PT .70Shiba Inu Coin Price & Market Data
Shiba Inu price today is $0.000028446277 with a 24-hour trading volume of $10,762,183,913. SHIB price is up 33.2% in the last 24 hours. It has a circulating supply of 500 Trillion SHIB coins and a total supply of 1 Quadrillion. If you are looking to buy or sell Shiba Inu, Binance is currently the most active exchange.
What is Shiba Inu token?
Shiba Inu (SHIB) is a meme token which began as a fun currency and has now transformed into a decentralized ecosystem. During the initial launch, 50% of the supply was allocated into Vitalik Buterin's ethereum wallet. The price of SHIB has soared from as low as $0.000000000056 to an all time high of $0.0000379, that is a 140,000 times increase within 8 months.
As a result of that, Vitalik proceeded to donate 10% of his SHIB holdings to a COVID-19 relief effort in India and the remaining 40% is burnt forever. That donation was worth about $1 billion at that time, which makes it one of the largest donation ever in the world.
What is the Shiba Inu community working on right now?
The Shiba Inu team launched a decentralized exchange called Shibaswap with 2 new tokens, LEASH and BONE. LEASH is a scarce supply token that is used to offer incentives on Shibaswap. BONE is the governance token for holders to vote on proposals on Doggy DAO.
SHIBA- The New DOG on the BlockchainSHIB seems to be following the Wykoff schematic as laid out. I believe we are experiencing a SOS or sign of strength. This is not financial advice.
*
SOS—sign of strength, a price advance on increasing spread and relatively higher volume. Often a SOS takes place after a spring, validating the analyst's interpretation of that prior action. LPS—last point of support, the low point of a reaction or pullback after a SOS.
Reference:
school.stockcharts.com