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Shibatoken

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 - we focus on longs from the lower boundaries of the rangeOn the chart you can see how the market pro keeps the price in the range, not allowing us to update the local highs. A short is expected after a false breakout of the upper range boundary, with a quick return back. From the lower boundary we look for long sets. If you like the idea, give it a "Like". That's the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
by Artem_Dishel
5
$SHIBUSDT Shiba InuWhat Is SHIBA INU (SHIB)? Once upon a time, there was a very special dog. That dog was a Shiba Inu, and this dog inspired millions of people around the world to invest money into tokens with the dog's image on it. According to the SHIBA INU website, SHIB is the "DOGECOIN KILLER" and is listed on their own ShibaSwap, a DEX. Shiba Inu coin was created anonymously in August 2020 under the pseudonym "Ryoshi." Ryoshi says about himself that he is a nobody and not important and that the efforts to unmask his identity, even if successful, would be underwhelming. This meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and tweets from personalities like Elon Musk and Vitalik Buterin. Vitalik Buterin was long believed to be the originator of Shiba Inu, but denied such rumors on the Lex Fridman podcast on June 5, 2021. Shiba Inu aims to be the Ethereum-based counterpart to Dogecoin's Srypt-based mining algorithm. Shiba Inu and the SHIB token are part of a swarm of dog-themed cryptocurrencies, including Baby Dogecoin (BabyDoge), Dogecoin (DOGE), JINDO INU (JIND), Alaska Inu (LAS) and Alaskan Malamute Token (LASM). These lesser-valued tokens have attracted investors who missed the Dogecoin pump from 0.0002 to nearly 0.75 USD. Shiba's success sparked an avalanche of copycats, such as BitShiba, Shiba Fantom, Shibalana, King Shiba, SHIBAVAX, Captain Shibarrow, SHIBA2K22, SpookyShiba and countless others. In total, there may be well over 100 Shiba Inu copies, and the number keeps rising constantly. On Sept. 17, 2021, Coinbase, the largest U.S.-based crypto exchange, listed Shiba Inu on their platform. This news caused Shiba Inu price to rise by over 40% in the following two days, bringing the meme dog token into the spotlight again. Shiba Inu has since attracted more interest from other exchanges as well. Bitso, Mexico's biggest cryptocurrency exchange, announced in September that SHIB would start trading on its exchange. Giottus, an Indian crypto exchange, announced the same. Bitstamp, the biggest crypto exchange in Europe, said that it would list Shiba Inu for trading at the beginning of 2022. Korbit, a South Korean exchange, became the country's first exchange to list the SHIB token in 2021. Who Are the Founders of SHIBA INU? The SHIBA INU WoofPaper has three reasons why their team created SHIB: "We started from zero, with zero." "The brilliant minds behind Shib had never collaborated before." "We love Shiba Inu Dogs." The anonymous creator of the Shiba Inu coin is known as "Ryoshi." However, very little is known of the mystery founder of the dog-themed cryptocurrency, much like the founder of Bitcoin, Satoshi Nakamoto. In his blog RYOSHI RESEARCH, he characterizes himself as "just some guy of no consequence tapping at a keyboard." Ryoshi said that usually in projects there are different roles like a CEO, a "tech guy," and a roadmap, resulting in "someone plebs can bitch at." He stresses that with Shiba, no one person is accountable or responsible and underlines that he owns 0 SHIB to this day. For this reason, Ryoshi can be "pure and unbiased," getting satisfaction from Shiba "in other ways." It has been speculated that Vitalik Buterin was behind the initial liquidity that helped set up Shiba Inu's liquidity on Uniswap. According to Ryoshi, he had "a fren" he met at Devcon in Osaka that sent him 10 ETH to set up the liquidity pair on Uniswap. Ryoshi also stated that Shiba Inu was an experiment in decentralized community building, and he thus declined all the influencer requests and pitches from different exchanges he received. His "job" is to defend the brand and give suggestions, although he does so very sparingly, as his last blog entry dates back to May 2021. What Makes SHIBA INU Unique? The SHIBA INU website invites dog-inspired artists from all over the world to foster the "artistic Shiba movement" as they bring their SHIBA INU community into the NFT market. SHIBA INU has also created a campaign using Amazon Smile in order to collect donations to escue real, live Shiba Inu dogs with the Shiba Inu Rescue Association. After initially being only one meme coin of many, Shiba Inu skyrocketed to popularity after Vitalik Buterin famously burned his share of the SHIB supply. Ryoshi had given Buterin 50% of the SHIB supply, announcing that "as long as Vitalik doesn't rug us," Shiba Inu would be fine. However, Buterin decided to burn 90% of his share, which later would have been worth billions thanks to the soaring value of SHIB. The remaining 10% were sent to a charity, as were about 50 trillion SHIB more that Vitalik had donated to a COVID-19 relief fund. He stated that he did not want "to be a locus of power" and thus gave the tokens away. This resulted in a temporary loss of value for SHIB, which the token later recovered from after the community agreed on an arrangement with the charity in question. Ryoshi's goal for Shiba Inu has been to see if a perpetual decentralized organization could work with no central leadership. In a blog post, Royshi noted that the rift caused by Buterin's token donation made the community stronger and would enable it to distribute further and decentralize the movement. His vision for the core ecosystem is to perform its utility while the Shiba Inu-own stablecoin becomes the globalized exchange of value. In October 2021, SHIB surged on the news of a possible Robinhood listing and briefly flipped Dogecoin to become the most-valued meme coin by market capitalization. Thus far, Robinhood has not listed SHIB, despite a petition with over 500,000 signatures calling for it. Robinhood executive Christine Brown has lauded the efforts of the Shiba Inu community, saying that one of her favorite things was seeing it engage with the community to make its wishes heard. However, Robinhood would prioritize safety over the "short-term gain" of a new token listing and has left Shiba Inu fans waiting since. The October 2021 price surge famously minted a billionaire, as one wallet was uncovered that had bought $8,000 worth of SHIB in summer 2020, which was worth over $5.7 billion at SHIB's all-time high valuation. The wallet owner has not been determined, although the person appears to have sent parts of their fortune to other wallets several weeks after the price explosion. The price surge also led to increased adoption across token holders. WhaleStats compiled data of the largest ETH wallets and found that SHIB represents over 20% of the combined market shares of all ERC-20 tokens held by Ethereum whales. CRO was a distant second with only 5%. SHIB also surpassed the one-million holder mark following its all-time high. Moreover, retailers increasingly started adopting SHIB as a means of payment following its popularity among small-time investors. American electronics retailer Newegg added SHIB at the start of December 2021, partnering with crypto payments platform BitPay to unlock payments in SHIB. This followed the adoption of SHIB by over 500 merchants, according to payments firm CoinGate, with even Samsung-backed digital wallet provider ZenGo adding SHIB to its options and a restaurant in Paris accepting it as a payment option. At one point, the Shiba Inu community called for McDonald's to accept Shiba Inu, although the social media effort eventually fell short. A major reason for the surging price of SHIB was a continued effort by the SHIB community to build a utility for the Shiba Inu token and the subsequent emergence of an entire Shiba Inu ecosystem. ShibaSwap is the coin's designated DEX that started as a fork of Sushiswap that has, in the words of Ryoshi, its "own little twists and elements." Furthermore, Shiba Inu also plans to develop SHI, which will be the "global exchange of value for plebs," an algorithmic stablecoin pegged to one cent instead of one dollar as most other stablecoins. Its launch is planned after the Shiba layer-two solution called Shibarium, and Ryoshi envisions SHI to work in a similar way to DAI. That way, SHI would have collateral as a backstop that would push it back to one cent if the peg was lost. According to Ryoshi, the end goal is that SHI becomes a global stable currency "that plebs across all countries are able to use as both a store of value and method of payment." In addition to SHI, a financial ecosystem is planned, and SHI would be added as a weighted pool pair on Curve. In that case, Ryoshi expects forks of the major DeFi protocols to appear in the Shiba Inu ecosystem, which would require an immutable bridge to function. Shiba would also start hosting localized meetups and a once-a-year ShibaCon convention that would be hosted at an easily accessible location in a country without oppressive visa restrictions "for the sake of inclusiveness for global plebs." One immediate change Shiba Inu has implemented is increasing token burns, which have sparked renewed interest in the token at the beginning of 2022. Bigger Entertainment, a crypto record label selling merch, NFTs and concert tickets, organized a SHIB burn party that burned over 239 million SHIB over Christmas. In total, the team has burned almost one billion SHIB since the end of October. SHIB: The Metaverse and Shibarium While looking to expand the utility of SHIB, the development team introduced a metaverse — a virtual reality project powered by non-fungible tokens (NFTs). Here, users can mint parcels of digital lands using ETH or its equivalent amount in SHIB tokens. Interestingly, other Shiba Inu-related tokens – BONE and LEASH – will also play various roles as different phases of the metaverse come to life. According to the team, the goal is to create a fun, immersive and interactive environment where users can explore, earn passive income and collect in-game resources. Importantly, the metaverse will allow users to develop and launch their own projects. In total, there are 100,595 plots of land on SHIB: The Metaverse. Of the total, 36,431 digital lands were unlocked on April 13, 2022 – the launch date of the introductory phase of the metaverse.
Long
by BADQOMOCAWGOWLD
1
SHIBUSDT 1D Shiba token price chart shows growth prerequisitesBefore you is the global chart of the SHIBUSDT trading pair As you can see, the previous Shiba price pump ended in November 2021 and since then the price has been in an 8-month downtrend. Due to this drop, the Shibainu price returned directly to the liquidity zone , where in 2021, for several months, were gained long positions before the pump by +1200% Since the SHIBUSD price spent less time in the liquidity zone in June 2022, growth should be expected to be weaker than in 2021. However, looking at the chart, it seems to us that in the near future a completely real x2 growth - from $0.00001050 to $0.00002100 When trading this coin, you should understand one fact - it is a very speculative asset. Therefore, it is worth setting adequate take profits in order to take the profit that the market is giving at the moment. And also you can move the stop to an upward position during the price growth. Because, as we can see, it is not a problem at all for a SHIBUSDT trading pair to drop in price by -92%. So that you do not bite their elbows after, which seen great profits, but fixed at best +10-20% and got a traumatized psyche as a gift. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Long
by P_S_trade
41
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