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Shiba Inu Network Activity Soars; SHIB Bulls Hunt Higher Support Shiba Inu fails to return to $0.000045 but is holding above $0.00004. The number of new and activity addresses on the SHIB network spikes is a bullish signal. Since the weekend session, Shiba Inu has been a top for discussion in the cryptocurrency space, especially on social channels like Twitter. The meme-based coin enjoys massive support from the vibrant community, who want nothing but to see it hitting hundreds of percentages in gains every week. Shiba Inu nearly hit $0.000045 during the weekend rally, outpacing its older ‘cousin’ Dogecoin. Despite Elon Musk sticking with DOGE and calling it the currency of the people, SHIB kept the uptrend intact. The Tesla billionaire also clarified that he did not own any SHIB tokens and the only crypto assets he currently holds are Bitcoin, Ethereum, and his favorite DOGE. Shiba Inu Seeks Higher Support To Keep The Uptrend On Track Following the massive upswing to areas very close to $0.000045, Shiba Inu retreated and secured support at $0.000035. An immediate reflex recoil occurred, sending the Dogecoin spinoff above $0.00004. Nonetheless, Shiba Inu is yet to close the distance at $0.000045 but trading at $0.000041 at writing. Support at $0.00004 is expected to come in handy and aid the bulls in stopping the potential pullback to $0.000035. Meanwhile, the MACD shows that buyers still have the upper hand, especially with the momentum following tool far above the mean line. A buy signal has also been sustained. If this technical picture remains unchanged, I expect Shiba Inu to gain traction above $0.000045 gradually. It is worth mentioning that overbought conditions contributed to the pulldown of the token, as the retreating RSI. As the index drops from the overbought area, the odds favor the bears, resulting in a more extensive correction. The token’s network activity has been on an upward roll based on on-chain data by IntoTheBlock. Realize the number of new addresses created on the Shiba Inu protocol recently spiked to roughly 29,000 while the number of active addresses per day shot up to 57,000. This increase in network activity is a bullish signal. It shows that buyers have the potential to sustain the uptrend, at least for the near term.
FTX:SHIBUSDLong
by CoinGape
MY NOT SO MINIMALIST ANALYSIS OF $SHIBA10.18.21 0842H +8 SINGAPORE ALERT: MARKED ENTRIES and EXITS HOW TO USE MY CHART It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it. Created on a WEEKLY & DAILY Analysis of Dynamics of the Market. LARGE BOXES are major pivots that will occur, while the small boxes are MINOR PIVOTS. These can be entries to a BUY/ SELL POSITION or an EXIT/PARTIAL EXIT/TOP-UP AREAS. Watch out for Chart Patterns, Candlestick Math, Market Dynamics, and your Fibs. This CHART is best used without indicators. Price action, candlestick /bars, and FIBS alone will be sufficient as a major deciding factor for this MINIMALIST CHART. Disclaimer: The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as investment advice. Thank You for your appreciation and support (Follows, Comments, and Likes.)
FTX:SHIBUSDLong
by The_Crypto_Samurai
5
MY NOT SO MINIMALIST ANALYSIS FOR SHIBA INU$SHIBA 10.24.21 0926H +8 SINGAPORE ALERT: SMALL SPIKE UP Though we are still in the overbought area. Probably the ROBINHOOD THING. Monitoring Volume. Well, who really needs volume for a MEME stock, LOL! you got $10000, no problem for a 300X to 700X, Maybe? 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.
FTX:SHIBUSDLong
by The_Crypto_Samurai
What SHIBA INU CEO Just Said about RobinhoodLast night Jim Cramer asked Robinhood CEO Vlad Tenev about adding Shiba Inu coin to the exchange. He didn't exactly answer the question by saying "no" but instead, simply mentioned that they only offer 7 coins for now, but that everything must go through stringent criteria before being added. A report from thedailysats.com stated: "If Tenev did confirm it, the news would have caused a frenzy causing a pump and dump. Therefore, keeping it hush-hush would also make sense. While one can only speculate, only time will tell if the exchange is actually listing the wildly popular dog-themed cryptocurrency." Personally, I believe that some big things are still in the works for Shiba Inu as so many retail investors are taking notice. I'm going to keep an eye on this one as I believe that it has potential to outpace DOGE over the long term.
SLong
by iHeartData
1
SHIBA - Holding .618 BUT RED FLAGS!The reason I'm posting this is because I DONT LIKE TO SEE NEW TRADERS GET WRECKED! It happens a lot with coins that are hyped up without supporting fundamentals! To any/all new traders listen, I've done it before! I've learned! I don't recommend meme coins or cryptocurrencies that have no real use cases in the world as AN INVESTMENT! IN FACT, I HIGHLY ADVISE AGAINST IT! If you're here because of the hype, most likely it's already too late! SURE THEY PUMP SOMETIMES BUT IF YOU ARE NOT READY TO SELL WHEN IT DECIDES TO DUMP (BECAUSE IT DEFINITELY WILL) THEN YOU'RE GOING TO BE UPSET! If you're NEW to crypto THE BEST THING you can do is just RESEARCH cryptocurrencies. Understand what makes them unique! Understand the differences between Proof-of-work (like BTC) and Proof-of-Stake (like ETH). Research DeFi coins, NFT's, along with the top 5 cryptocurrencies and get a good understanding of what they are and how they work! NEVER INVEST IN SOMETHING THAT YOU DO NOT UNDERSTAND! Understanding the fundamentals will give you the edge when the charts look bearish BUT YOU KNOW ITS TIME TO TURN UP! You need to ask yourself HOW MUCH DO YOU THINK a certain crypto is worth without looking at a chart. You need to be able to give it a VALUE! ITS VERY IMPORTANT!
by Mboersma0324
8