A good trade on ShibaHey there.
Shiba Inu has turned down from 20-week moving average and 0.236 Fibonacci level but, bulls haven't give up. Looks like Shiba is trying to break the trendline and if so, next target could be a good target.
I hope there is a good trading opportunity.
If you enjoyed this analysis, take time to like and don't forget to subscribe and hey, let me know what you think about this meme coin in comments section.
Cheers.
Shibausdt
SHIBUSDT-SHORTIn the SHIBUSDT chart, the price is within the ceiling of the flag channel, and a peak is formed in the 4-hour time frame, and the price has the potential to move below the flag, and we can act through the following Setup
📊 SHIBUSDT Shiba Inu
🔴Short Now 0.00003070
🏹 Target 1 0.00002960
🏹 Target 2 0.00002730
🏹 Target 3 0.00002450
🧯 Stop loss 0.00003250
💸Capital : 2%
If this signal hits to SL you allowed to lose %2 of your Capital only.
TS ❕ ADAUSD: under pressureThis coin is likely to continue its downward movement in the near future. A close above 1.59481788 may only allow buying to be considered.
SELL scenario: At the moment, selling is expected from the upper limit of the last accumulation, namely from the level 1.12496070. The target is the lower limit of the same accumulation and the level 0.92534905.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
SHIB/USDT : Neutral - trading range with downside riskSHIB/USDT : Neutral between 0,00003900 and 0,00002400 - trading range with downside risk
Shiba Inu has been created to see if a perpetual decentralized organization could work with no central leadership
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
Shiba Inu Supply
Circulating Supply 549 063 278 876 302 SHIB
Total Supply 589 735 030 408 323 SHIB
Max Supply 1,000,000,000,000,000 SHIB
With a very large supply in circulation and a mysterious leadership to drive the sensibility of the volatility Shiba Inu is a high risk asset based on hope and irational price anticipation... No business behind
Tactical view (Mid-term 1 to 3 weeks)
The Elliott wave account is in line with the supply set up of the token, there is still a possibility to print lower on this token after having completed the trading range / pause on going in wave 4
Preference for a trading range between between 0,00003900 and 0,00002400 with a recommandation to swap the SHIB to another strong Tokens in the Network & Protocol thematic or Metaverse/NFT thematic
Strategic view (Long-term 3 to 12 Month)
Only a break of 0,00003900 resistance and 0,00002400 support will provide a directional view - However a significant new bearish move approaching the 0,00003900 resistance can't be ignored
Enjoy
Shiba Inu (SHIB) - February 8Hello?
Traders, welcome.
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Have a nice day.
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(SHIBUSDT 1W Chart)
Resistance range: 0.0000 3528-0.0000 3911
Support section: around 0.0000 2613
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(1D chart)
We need to see if we can get support near the 0.0000 3243 point.
If support is found at the 0.0000 3243 point, I would expect a move towards the 0.0000 3528-0.0000 3911 section.
If it falls from the 0.0000 2613-0.0000 2863 section, it may fall near the 0.0000 1348 point, so you need to trade cautiously.
Above 0.0000 5690-0.0000 6532 interval is the high point interval.
Therefore, this section is a psychological resistance section.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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SHIB - is this a good time to buy?SHIB has broken through the trading range. This was followed by a strong impulse rise of 47%.
The price has now stopped. Dangerous to buy after such strong impulse growth. A pullback is very likely to happen now. Also at the top, there is a volume, it also signals about a possible correction.
In case of a correction and a false breakdown of $0.00003 level, there could be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Super Bowl Bull Flag Breakout Coming for SHIB?A clear bull flag has formed on everyone's favorite meme coin, BINANCE:SHIBUSDT . Will a Super Bowl ad trigger the expected breakout? Possibly, but regardless of the catalyst, we are expecting a bullish breakout in the near future.
As a bonus, zoom the chart out for our mid term target zone!
The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances. Please subscribe to our channel if you like what you are seeing!
SHIBUSDT (SHIBA) Technical analysis I wanted to show you the support trendlines with Schiff Pitchfork in this analysis, as long as this channel is not broken, it is possible to make long-term or scalp trades from the support lines in the trend direction.
🎯If the 1st trendline is broken, the 2nd trendline is expected and this system is valid for all trendlines . If the last trendline is broken, the trend is over. 🔥
In order to draw a Schiff Pitchfork , we first determine the last trend and draw the Fibonacci Circle of this trend, then we place the Schiff Pitchfork on the Circle.
❤️👍🏻 Please support me with LIKE / COMMENT ❤️👍🏻
DISCLAIMER: This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
TS ❕ GALAUSDT: growth is limitedA slight increase is expected for the coin. Growth is questionable. We should expect the price to approach 0.34180, and then make a decision about the further growth potential of the coin.
BUY scenario: This long is expected from the current level 0.30305 and is aimed at 0.34180. So far, this growth is limited.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Shiba ready for leg ?!!Folks,
It has been quite some time i have been here.. I have switched my perspective on trading..
I am more active on CFD's now and trading (swing & day) on the Indices i.e. Dow Jones, Nasdaq, DAX, FTSE, Gold..
but my interest and passion for crypto will never die..
I have come to learn that being a good chartist is something TOTALLY different than being a good TRADER.
Do you know the difference???
Anyway back to the chart..
Simple price action tells me.. Major trend reversal from bottom to bull trend.. We see a pullback that is in a iii pattern.. Look in to the books of AL BROOKS and you will see it means BREAKOUT MODE.
Which side ?? Well markets tend to have INERTIA.. that means the markets will do for 80% of the time what it has been doing. To know what will possibly happen to the right, look to the left.
Last bars are in a bull trend.
My opinion on statistics tell me 60 % chance of possibly bull trend resumption for at least another leg towards 0.000039 and 40% chance of turning in to trading range or at the worse bear trend.
Hardest lesson learned; ALWAYS use STOPLOSS!!!!!!!!!! take the loss believe me it is worth it. otherwise you are not trading but you are gambling.
TS ❕ BTCUSD: long once again Today the coin is also in the mood for purchases. Both of the prices 42613.30 - 43531, which acts as support, are expected to send the price towards 45484.25.
BUY scenario: One can wait for the price to close above the level of 43531 and go long. However, the current prices are attractive to buy as well.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
SHIB rebounded from the first resistance and maintains support.Hi,
Please take a look at the SHIB / USDT chart in the 4H interval.
We can see that the price has shot up after the last retest, broke the downtrend and is currently staying above the support we have at $ 0.00003087, in the event that the current support fails to hold the next is at $ 0.00002830.
At the moment, the first resistance should be at the price of $ 0.00003506, while if we manage to break it, the next resistance is $ 0.00003989.
SHIBUSDT | The best scenario for climbing✔️Hello traders, SHIBUSDT in daily timeframe , According to the counting and analysis of the main waves 1 and 2 of this process, it is over and now we are in the wave of wave 3.
From the main wave 3, wave 1 has been completed and now the structure of wave 2 is being formed.
Wave 2 is mostly sharp and deep and its structure is more zigzag.
Wave 2 is formed in the form of a zigzag and from this zigzag the waves a and b are finished and now we are inside the wave c.
In short, the c-wave formed a five-wave leading triangle; From this triangle, waves 1, 2, 3, and 4 are formed very normally, but wave 5, wave 5, have a more than normal downward wave compared to the previous waves, and considering that we think this wave is formed in a flattened way, we will give the possibility of another drop.
The channel was broken upwards and formed ascending, and according to the count we had, the i and ii waves were formed, and the iii wave is in its final two microwaves when it reaches the ceiling of the purple channel that we considered.
Then wave iv corrects half of wave iii and wave v goes up to half of the zigzag of wave-2, ie the range 000039.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️