Shibarmy
Shiba Breaking out DowntrendBINANCE:SHIBUSDT
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Last time Shiba Inu spent 145 Days in accumulation zone before massive pump! History can rhymes and we can see around October full reversal move up! now we almost 290 days in downtrend, Big players sale enough coins so now they need time to accumulate it for next bull run
Possible Targets
➡️First target where we can find out resistance 0.86 level by FIB
prepare yourself for long time accumulation.
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SHIBA | Getting Ready for a Massive Breakout..!!
#SHIBA (update)
Forming Massive Descending Channel in daily timeframe.
So far Looks Extremely bullish & ready for a Massive breakout.
In Case of Breakout, Expecting +200-240% Bullish Rally in Coming Days.
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SHIB - Second Chance to Board the SHIB TrainIf you missed the rise of SHIB the first time, here's your chance to get in on the bottom floor. SHIB is bouncing off a level it hasn't seen since before its meteoric rise back in October of last year. Breaking out of a falling wedge above this support level makes this a great entry for the next up leg in my book. I'm long.
BONE is the NEXT BNB-ETH if Shibarium is successful! 1000xShibarium will be the next layer two solution related to ETH. I have some hope about this project, if Shiba Inu is succesful and its blockchain is live, it will means that probably Shibarium will be too.
ShibArmy is one of the most strongest community in all social networks, and BONE is basically its heart from Shibarium.
I bet on this project, and I am sure, that it will be successful. I bought from previous bottom, load your bags, and NEVER FORGET keep your risk management.
Invest what you could lose.
Walk and forget about the market.
Target: 400, 500+
JB.-
(See KingShiba too, is great project).
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.
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.