Shibatoken
SHIB at strong fib levels. Bullish Hidden Divergence at 4H TFNotes:
- Currently forming a pennant pattern
- Support: 0.000058 to 0.000062
- Resistance 1: 0.000075 to 0.000077 due to 3 overlapping fib levels from previous significant highs and lows.
- Resistance 2: 0.000087 previous ATH
- Resistance 3: 0.0001 due to 3 overlapping fib levels from previous significant highs and lows
- RSI shows Bullish Hidden Divergence at 4H TF
- Stochastic shows continuous buy signal but going overbought
- May bounce at 0.000065 before breakout (or breakdown)
$SHIB.X PT .000198 next Super Duper Supernova!Shiba Inu Coin Price & Market Data
Shiba Inu price today is $0.00007209 with a 24-hour trading volume of $8,514,406,982. SHIB price is up 11.9% in the last 24 hours. It has a circulating supply of 550 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 $0.000084, that is a 150,000 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 Oct 28th, 2021, the cryptocurrency reached an all-time-high price of $0.000084. That was a +150,000,000% increase from when it was launched in August 2020.
Looking at the overall chart, Shiba Inu grew at a faster rate and have overtaken Dogecoin in terms of market cap. Both are running the narrative as the dominant global meme coin and a very volatile as there are no utility other than speculation and for transaction purposes.
The rapid rise of Shiba Inu coin price have gotten a lot of crypto analysts and experts concern about an incoming massive correction.
MY MINIMALIST ANALYSIS FOR SHIBA INU10.25.21 01615H +8 SINGAPORE
"Follow the white rabbit" by just FOLLOWING the BOXES
TURNING POINTS for SHIBA INU based on the MINIMALIST BOXES
1. The Market fails to break the TOP of a MAJOR BOX.
2. Price falls down to The next MAJOR BOX and FINDS support on its MINOR BOX.
3. The market has now corrected at a FIB 0.618 (most likely a REVERSAL.)
and on its way back UPWARDS. Having taken out a lot of FUD BUYERS along the way.
4. Be cautious for a BULL TRAP will be SET by SMART-MONEY for these KINDS of MOVEMENT, and will retrace back to the bottom of the MINOR BOX. Maybe for the 2nd and 3rd time.
Again, attracting more BUYERS at this LEVEL.
5. I expect an ABC pattern to form when it does this before REVERSING and CONTINUING a BULLISH BIAS.
HOW TO USE MY CHART
It is designed for SWING TRADES at the BOTTOM. I do not SHORT (in support of all the DUMB-MONEY traders like me.) Though you can still use it.
Created on a WEEKLY & DAILY Analysis of Dynamics of the Market.
LARGE BOXES are major pivots that will occur, while the small boxes are MINOR PIVOTS. These can be entries to a BUY/ SELL POSITION or an EXIT/PARTIAL EXIT/TOP-UP AREAS.
Watch out for Chart Patterns, Candlestick Math, Market Dynamics, and your Fibs.
This CHART is best used without indicators. The MINOR and MAJOR BOXES (TOPs and BOTTOMs), together with
the market's price action and the above mentioned is sufficient enough as analysis when ENTERING AND EXITING TRADES.
Thank You for your appreciation and support (Follows, Comments, and Likes.)
DISCLAIMER:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as investment advice.
SHIBAUSDSHIB/USD is the new darling for the speculative world of cryptocurrency, having gained an astounding percentage change in value the past month.Speculative price range for SHIB/USD is between 0.00002355 and 0.00011100 cents.
SHIB/INU has shown a strong capacity to produce fluctuations toppling 10 percent in the blink of an eye. Current support and resistance must be monitored carefully and traders need to understand and pay attention to the orders they are placing and the fractional nature in value of Shiba Inu.
If support can be sustained following the recent mammoth gains of SHIB/INU and the 0.00006000 mark is not challenged, traders will certainly try to aim for the higher target near the 0.00007000 juncture. It is emphasized that the use of leverage is crucial with SHIB/INU and overly ambitious targets can produce violent results. SHIB/USD did reach a high of 0.00008920 approximately on the 29th of October and traders may believe the 0.00010000 is a legitimate target.
The speculative price range given above should be viewed with skepticism and note that the price changes in SHIB/USD are consistently volatile. If support levels begin to be challenged, it should be remembered that Shiba Inu was trading near 0.00000675 when October began, meaning that as SHIB/INU trades near 0.00006750 today, it has gained in math parlance 1000% of value. The use of stop loss and take profit orders when trading SHIB/USD is highly encouraged.
SHIBA/USD: BUY ZONE READY | LONG SETUP.Welcome back Traders, Investors, and Community!
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SHIB has not broken higherI have been watching support levels looking a bounace higher, but the price is still hanging in the support area on the chart.
If the support holds I'll keep in the trade if price breaks lower then tests the support level from underneath but still can't break higher, it might be time for me to look at other trades or if the market one whole is correcting (by looking at the total market cap and Bitcoin's price action) perhaps a stable coin.
SHIBUSDT MAY GO LONG ACCORDING TO MY TECHNICAL (25/10/2021) Educational Analysis says SHIBUSDT may go LONG according to my technicals.
This is not an entry signal. I have no concern with your profit and loss from this analysis.
Why short?
On 15 min timeframe pair is making lower high and higher high which make break of previous structure.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
ADDITIONAL CONFIRMATION IS THEIR IS DOUBLE BOTTOM WHICH HAVE APPEARED AT SUPPORT ZONES
ENTRY 0.00003856
STOP-LOSS 0.00003335 (52.1)
TAKE PROFIT 0.00004957(110.1)
RISK TO REWARD RATIO IS 1:2.11