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Shibausdt

Shiba inu coin SHIB/USDT broken uptrend, spot on Fib rejectionI've been "irresponsibly" ( as Roaul Pal says) bullish on Shiba as it has had a very bullish setup and triangle formation, but unfortunately it has broken the support which also is spot on with Fib line(as seen on the chart) and we are heading now down to the next support around 0.000024-23 if that one is broken as well, then the next one is as per the chart or if it will bounce from there then the current level ~ 0.000036-37will become a huge resistance. This is kinda Doge scenario where everyone expected it to go back up but we know how it has ended. The problem with Shiba is its ecosystem's "investors". They are the most typical "panic sellers" mostly with short term gamble gains and as soon as they see few red candles in a row they click sell :) After all, Shiba is just a meme coin and it did just that- as all memes do - trending while it lasts and then everyone forgets about it...Also lets not forget that Bitcoin is in the crossroads as well which is another massive factor in Shiba's (and all other coins generally) price action.
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by Bullversitycom
SHIBUSDT | The best scenario for falling 📝Hello traders, SHIBUSDT in daily timeframe , Based on the wave count we had: Waves 1 and 2 are completed. We are now at the beginning of wave 3, consisting of wave 3, microwave 1, and the structure of wave 2 is being formed. Wave 2 is usually zigzag and has a steep slope. The current trend is also zigzagged, and from this pattern wave a is completed and wave b is probably completed. From this zigzag, only wave c is incomplete and we assume that wave c forms its first wave and completes the rest of the waves up to around 0.002145. If the red circle and the upper side of the channel are broken, the structure will change and there is no hope for this decline at the moment. 🙏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!❤️
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by mahdisoltaninjad
2
SHIB, who is stronger the sellers or the buyers? SHIB is also, like most altcoins, in a trading range. For the whole month the price is squeezed between the levels of $0.00003 and $0.00004. It is worth noting that the price has tried to breakout of this range several times, but all ended up in a false breakout and liquidity collection. Now we should highlight two main scenarios: - The first scenario: squeezing and the breakout of the key level can be a good buying opportunity. -The second scenario: a fall and a false breakout of the lower boundary of the trading range. In the case of a false breakout there may also 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.
by Yuriy_Bishko
4