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Shibausd

Shiba Inu/ USDButterfly Pattern Formation on Shiba Inu: It starts with a bullish XA move. AB is then Bullish. BC is bearish, and CD is Bullish again. XA: This can be any price activity on the chart. There is no specific price movement in Butterfly pattern. AB: The AB move should be 78.6 % Fibonacci of XA. BC: The BC move should finish between 38.2% and 88.6% Fibonacci of AB. CD: The CD move will be the final part of the pattern and often extends forming 127%, 161.8% or 224% of AB extension. The target price of the pattern can be 3 intermediate targets before the final target which are: Target 1: point B swing. Target 2: Point X swing. Target 3: 161.8% of AB. Target 4: 224% of AB. Falling Wedge (Contracting or Symmetrical Triangle): When the top resistance is declining and bottom support is raising a contracting or symmetrical triangle is formed. In case of Shiba Inu we are waiting for the breakout of the current pattern. Disclaimer: “The above is an idea only and not any kind of financial advice so please do your own DD (Due Diligence) before any kind of investment”. If you like my TA & ideas!! Want to keep yourself updated with current market action,Please follow my profile for more analysis. Thank You.
FTX:SHIBUSD
by Tron029
1
SHIB MASIVE MOVE AHEAD hello everyone. Shiba is currently the number 1 trending crypto in coinmarketcap chart (daily), 8 (weekly). so it is very hyped and wherever it is going it'll be massive. let's check our data: 1. in the daily timeframe we don't have a trendline and in the weekly timeframe it has broken out falling trendline and now it is in a parallel channel. 2. 50 EMA crossed 200 EMA and price is below 200, both bearish signals. 3. MACD shows us a bearish signal 4. I see some sort of bullish divergence in RSI. 5. Shiba formed a symmetrical triangle pattern which regularly happens at the end of the wave. completely uncertain situation with mixed signal I'll keep you guys updated if any confirmed signal I found. 🚨 Disclaimer: this is not a piece of financial advice always do your own research.🚨
by Moneyfor_JAM
1
0.00001929 is the first target of shiba inuAfter respecting the EMA 20, Shiba Inu continued its downtrend and will soon reach its first support in the range of 0.0000019 in the Ranko chart. This price is Shiba's first target KUCOIN:SHIBUSDT COINEX:SHIBUSDT CRYPTOCAP:SHIB COINBASE:SHIBUSD BINANCE:SHIBUSDT . We have to wait for Shiba's reaction to this level of support and in case of breakdown, there will be more decline. In Ichimoku analysis, we see a thick red cloud that indicates that Shiba will be challenged to change the trend.
by cryptoonchain
2
SHIBAUSD Possible Long If???Shiba has recently had a large run up, which I consider healthy after such a long downtrend. I would start considering a change of trend when the price crosses the current resistance (32.65) (Hopefully on a good volume), considering that the chart is also resembling a bullish triangle with decreasing volume. In my opinion, SHIB will still correct a bit up to touching the 9 MA, around the 38.2% level of the Fibonacci. After that, if Shiba breaks 32.65, buying pressure could probably push the coin higher. Note, all this analysis is useless if SHIB reverses under the 9 MA on high volume as this could be a fakeout for funds to try and liquidate some of their long positions. NOT FINANCIAL ADVICE!
FTX:SHIBUSD
by IceCreamMayDay