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Shibusd

SHIB - When will the downtrend stop? ✅Let's see how SHIB is behaving. This is a 4H chart. (Mid Term) SHIB is consolidating, and it's still in the downtrend. There are three layers of resistance on the way up, and if you're holding and wondering where this downtrend can end, the last level of resistance can be a game-changer for this coin. Support levels: $0.00002227 Resistance Area: $0.00002554 Bollinger Bands can work as support and resistance too. Here is an example: The market is showing NEUTRAL volumes for SHIB. Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance. The Upper Bollinger Band can push down the value, and the Middle band pushes the price up. If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point. The RSI shows that SHIB is above the 50 levels, the center. If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings: Current Market Price: $0.00002371 Let me know your ideas. Good luck.
by ShawnMCR
3
SHIBA INU AT BREAKOUT POINT🚀Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ Hope for shibainu✊🏽✊🏽✊🏽 Here is price at the tip of the falling wedge. An upward breakout from this falling wedge will take price to ATH but a downward breakout will take price back to the trenches. We already have a slight breakout from the upper trendline. If it turn out to be a successful breakout, then shibainu will do well this time. Also, this pattern looks like a possible cup and handle pattern. If this should play out, price will rise above ATH. Will price break upward or downward? What do you think? Share your opinion in the comment section✍️ You can also demand for analysis of your preferred coin Follow me stay updated about this coin and more helpful projects like this🎁 Happy Trading💰🥳🤗
Long
by PetrockTheAnalyst
12
SHIBA Next Res test could be the last. Potential +400% move.This is an update to the pattern I published for SHIBUSDT on February 07: As you see, the Resistance Zone held, the price got rejected on the 1D MA100 (green trend-line) and that pushed SHIBA back to its Support Zone. This consolidation pattern continues to mirror the very same June - September 2021 accumulation phase, which paved the way for the massive October rally. As you see, even the 1D RSI sequences are identical. In our opinion, the next test of the consolidation's Resistance level, will most likely be the last. A 1D MA50/ MA100 Bullish Cross, would confirm that, much like it did on September 18th 2021. So far the top of the Channel Up (Fibonacci level 1.0) has been priced the two historic Highs. A similar rally means potentially a +400% profit potential from the current levels, above 0.00011 !! -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
5
SHIB, what will happen after the breakdown of the trend line?After touching the trend line, we did not see a strong buyer reaction! The price will probably be able to break through this trend line and approach the first key level. If there is weak support from the buyer at this level, the next level will be a strong support. From the level of the local minimum - $0.00001704, you can look for good opportunities to take long positions. Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
8