SHIB/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this SHIB/USDT 1DAY chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Shiba Inu (SHIB) moved to a three-week high in the past several hours.
Following a low of $0.00001065 to start the week, SHIB/USD climbed to a peak of $0.00001157 yesterday evening.
This resulted in prices jumping by as much as 6%, hitting their highest level since March 14 in the process.
the move seemingly took place following a breakout of a key resistance level of 55.00 on the RSI indicator.
Price strength is now tracking at 55.76, and appears to be heading towards a higher ceiling at 58.00.
Should it reach its apparent target, SHIB will likely move beyond March’s high of $0.00001184.
This is not a piece of financial advice.
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SHIBUSDT
SHIBUSDT is a charged coinHello everyone. We are also still looking for a coin that can show good growth in the near future. SHIBUSDT has been accumulating at the level of 0.0000116 for a long time. And on a generally positive background, one could expect a breakout of the level that has already been touched 4 times. When going beyond the level, I see the goal at 0.00001347. The only downside is that the stop is big. If the price does not go below 0.00001062, then you can go long in the area of the 0.0000116 level.
SHIB: Channel Down BreakoutShiba Inu (SHIB) technical analysis:
Trade setup : Bullish Breakout from trading in a Channel Down pattern and above 200-day MA could signal trend reversal with upside potential to $0.000012 or even $0.000015 resistance.
Pattern : Price was trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Downtrend on Medium-Term basis and Uptrend on Short- and Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $0.000010, then $0.000008. The nearest Resistance Zone is $0.000012 (previous support), then $0.0000150.
Shibusdt | Breakout & Retest Shibusdt
Falling wedge pattern breakout and retest have already been confirmed.
I believe that buyers will fight over this support and push the price towards the upper resistance.
Remember: We only give ldea's from our
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mean that it will be 100% correct, the
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can happen anytime.
Always trade with your own research and
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$BTC update along with a couple of altcoin set ups as a bonus :)Yo BloodGang!
Thank you for joining me again today, this video should give you an idea of where we are at and what we are to expect covering all cases regarding $BTC. I did also add a couple of altcoins that i am looking at right now for possible entries as a little bonus, please note i do not own these just yet so take your time if they are of interest to you also :)
As always check out my previous videos, please keep the support going strong as it is highly appreciated on all platforms and don't forget to follow me so you do not miss out on future updates :)
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SHIB: Channel DownShiba Inu (SHIB) technical analysis:
Trade setup : Trading in a Channel Down pattern. Wait for a breakout. Bullish breakout above 200-day MA and channel’s resistance trendline could signal trend reversal. Price needs to regain that 200-day MA and $0.000012 levels to resume Uptrend.
Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $0.000010, then $0.000008. The nearest Resistance Zone is $0.000012 (previous support), then $0.0000150.
Shib/usdtThe most successful meme coin of the crypto market (personal opinion) has experienced a large price drop in a long period of time and has driven even the most fanatical fans to the edge of despair, but the good news is that the bearish channel of this funny dog has been broken and a pullback has been made to its ceiling Is done. If the bulls take control of the market and the Shiba whales are satiated, the indicated targets will be available with a break of the static resistance area (horizontal red line).
Compliance with the loss limit is mandatory.
ps: DYOR
SHIBUSDT bouncing off of weekly support to daily resistanceThe weekly support is defending the price very well. The first dip to this support produced a strong bounce and then price retraced to this support again and again and every time the price has bounced from this support. This suggests that the price may aim for the daily resistance from here.
Shiba Inu SHIB Price Target after the U.S. CFTC sued BinanceBinance and its CEO, CZ, are being sued in the US by Commodity Market Regulators in a complaint that claims the defendants committed “wilful evasion of US law”.
This comes after the SEC Charged Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations last week.
Binance is responsible for 61.8% of the global crypto trading. Its Market Share is Huge!
I assume we are about to witness a major selloff in the crypto industry.
My SHIB Shiba Inu Price Targets:
SHIB/USDT shot
Entry Range: $0.00001000 - 0.00001100
Price Target 1: $0.00000950
Price Target 2: $0.00000870
Price Target 3: $0.00000800
Stop Loss: $0.00001250
SHIBUSDTAs you can see, we have a great downward trendline. Soon this trendline will break, but I think we will have a fake break before that.
So, if there is a Break, it is better to enter the trade with confirmation. In my opinion, if a Break happens, it will be a fake and we will soon return to the lower support.
SHIB: Channel DownShiba Inu (SHIB) technical analysis:
Trade setup : Trading in a Channel Down pattern. Wait for a breakout. Bullish breakout above 200-day MA and channel’s resistance trendline could signal trend reversal. Price needs to regain that 200-day MA and $0.000012 levels to resume Uptrend.
Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $0.000010, then $0.000008. The nearest Resistance Zone is $0.000012 (previous support), then $0.0000150.
Shiba Inu - 23% crash, best opportunity! (long-term outlook)
We have a great opportunity to buy/long Shiba Inu at the yellow trendline, which is a good support level for a short-term trade.
Unfortunately, the Shiba Inu coin still looks really bad on the highest timeframe. All previous pumps were only an ABC 3-wave structure, which is overall definitely not a good sign!
The bulls still don't show strength from the Elliott Wave perspective because we can see 3-wave structures upward and 5-wave structures downward.
After the breakout of the blue parallel channel, the bulls completely failed to continue in the uptrend; it was essentially a fakeout or a bull trap.
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
23% crash is pretty likely at this moment, and you can take this opportunity and long shiba inu at the support line with leverage on the futures market!
Is the bottom in for shiba inu? From my perspective, - NO. I believe we will eventually reach 0.00000500 (a 55% drop from the current price).
This is my idea for the Shiba Inu coin; now do your actions!
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