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Shibpriceprediction

Bullish Breakout After Forming Double BottomSHIB has found strong support around $0.00002640 , forming a double bottom pattern on the daily charts. This bullish reversal pattern suggests a potential trend reversal and a breakout to the upside. The price has already risen to $0.00002864 , which I view as a breakout sign. Resistance Levels to Monitor - The first hurdle for SHIB's bullish momentum lies at $0.00002960 . If the price can overcome this initial resistance level, it could pave the way for further gains. - The second resistance zone is between $0.00003050 and $0.00003200 , an area where many experienced traders are likely to take a profit. A successful breakout above this zone would be a significant bullish development. - Finally, if SHIB can surge past $0.00003200 , it could encounter resistance around $0.00003455 . Crypto Impact The overall health of the cryptocurrency market will significantly influence SHIB's price trajectory. If the current bullish momentum in the broader market wanes, SHIB's breakout attempt could falter. In a bearish scenario, SHIB could potentially fall back down to its support level around $0.00002375 .
BITSTAMP:SHIBUSDLong
by Z4F4R
1
Shiba Breaking out DowntrendBINANCE:SHIBUSDT ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Last time Shiba Inu spent 145 Days in accumulation zone before massive pump! History can rhymes and we can see around October full reversal move up! now we almost 290 days in downtrend, Big players sale enough coins so now they need time to accumulate it for next bull run Possible Targets ➡️First target where we can find out resistance 0.86 level by FIB prepare yourself for long time accumulation. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
2
SHIB - CAUTION! MY FELLOW SHIBIANS!Just a simple chart showing some Bearish divergence on the RSI! If the yellow support area breaks, Things could get ugly PRETTY QUICKLY! This is a potential 25% - 40% Drop in price... IT'S BIG! I'm NOT SAYING it will happen, ALL IM SAYING is that the bearish divergence IS SCARY because it has the potential to push SHIB below that support! Take it as you will. This is NOT financial advice! This is just an IDEA based off of my experience studying and trading cryptocurrencies. As I said in a previous SHIB idea! "NOBODY LIKES SHORT OR LONG TERM BEARISH ANALYSIS (unless you SHORT the market), HOWEVER, FAILING TO RECOGNIZE IT CAN END UP COSTING YOU" "Take profits & Cut losses! Two IMPORTANT lessons I've learned as a trader" Take Care.
COINBASE:SHIBUSD
by Mboersma0324
5
SHIBA - THE NEXT 2-3 WEEKS Hey guys. This IDEA is based off of some recurring patterns I see on the charts using Fibonacci Levels. Notice after the initial breakout, SHIB usually settles above the 0.618 line before continuation to the upside. Then it forms a short term top around the 3.618 level. I DO believe a similar situation is happening again and I DO think SHIB has hit a SHORT TERM top. (It may continue upwards in as little as a week or two) The IMPORTANT THING to watch IF SHIBA DOES PULL BACK is if SHIB can hold itself at or above that 0.5-0.618 GREEN SUPPORT AREA on the chart! That is what will give us the go-ahead to continue higher... The potential upside target on the chart right now is based off of similar fib levels but zoomed out a bit first. I will be able to more accurately predict targets as time passes and we get some more data. Until then stay tuned... WATCH THE CURRENT LEVELS for resistance as I DONT THINK we are going higher BEFORE a pullback! IF THE RED RESISTANCE LINE GETS BROKEN by MORE THAN JUST A WICK then this IDEA is Invalidated and we'll re-evaluate. I will post updates here as needed or as things change. If I don't post an update, The situation is likely the same or I've been busy. If you'd like an update for any charts just leave a comment and I will hopefully be able to provide al least a short update in the same chart description... If situations change beyond that I WILL LIKELY publish a whole new chart al together. Hope everyone is doing well. The markets are volatile right now so CAUTION traders and leverage users ****This is NOT financial advice. This is just an IDEA based off my experience analyzing charts and studying crypto. I recommend researching cryptocurrency because of the potential for you to become A BELIEVER of this technology and its future (FUNDAMENTALS ARE WHAT MAKE OR BREAK CRYPTO) IF YOU HAVE THIS, INVESTING BECOMES MUCH EASIER!*** Also I've left a link to my latest BTC analysis below, as much of the market usually follows BTC's lead.
by Mboersma0324
5