SHIBUSDT
SHIB: Resistance BreakoutShiba Inu (SHIB) technical analysis:
Trade setup : Following a bullish breakout from Falling Wedge and above 200-day moving average, price also broke above $0.000013 resistance. Trends have reversed. Upside potential to $0.000018 next.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance : Nearest Support Zone is $0.0000100 (previous resistance), then $0.0000080. The nearest Resistance Zone is $0.0000130, which it broke, then $0.0000180.
✴️ Shiba Inu Major Bullish DevelopmentShiba Inu has been growing since late December, wait no, it has been trying to grow since June 2022 but each time it met EMA300 as resistance, a strong rejection happened.
In mid-August 2022 SHIBUSDT tried to move above EMA300 but only did so by a wick, a strong rejection happened and a multi-months long correction followed.
Late October 2022 the story repeats, a wick high that was rejected at EMA300.
Again, but this time 18-January SHIBUSDT faces resistance at EMA300, no rejection, it keeps battling with this level for weeks until finally yesterday EMA300 breaks, the bulls win.
A major development as EMA300 is the longest moving average we track and moving above this level confirms long-term growth.
Moving above MA200 opens the doors for long-term growth but above EMA300 this potential has been confirmed.
As this level is conquered Shiba Inu hits a multi-months high and is set to continue growing.
The next target as usual is mapped on the chart.
You can see the 'Related Ideas' below for previous predictions... They all hit.
Namaste.
$DOGE - will it follow $SHIB ?Hello my Fellow TraderZ,
Dog community tokens are barking superbly one by one, but the leader is lagging behind a lot. It will be interesting to see $DOGE rising up. $Shib has already shown us the previous night. Now its time to bark by the #DOGE.
Short term TP wpould be ~15%, if this high breaks, we can expect #DOGE to go $0.13.
CHEERS!!!
SHIB🐕 breaking out once again? 2Wassup guys! This is a follow-up to my last SHIB idea where we had no trade in the end...
It's still the same song as we are knocking on the cyan channel upper edge (daily timeframe) again and again:
Price is consolidating right below the channel upper edge in form of symmetrical triangle which is usually continuation pattern. It seems to me that Shiba Inu could be ready to break up this triangle📐 and IF successful I think there is chance for run to 0.00001375. I'm setting the BUY STOP-LIMIT order to recent range high anticipating the triangle breakout. If you would like to see SHIB pumping, just smash the 🚀 button! 😀
ENTRY : local high @ 0.00001195
STOPLOSS (SL) : local low @ 0.00001129
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 0.00001375
REWARD RISK RATIO (RRR) : 2.7
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
SHIBA is completing the retest 🚀Hello 🐋
Based on the chart
the price is close to the major support and better to say the previous zone that started its amazing pumping to the upside ✔️
and
we expect to see gain and pump from here, besides the range market is acceptable scenario too 📖💡🚀
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Shiba Inu - 191% extreme profit! (unbelievable)
It's absolutely unbelievable for Shiba Inu coin because the technical analysis shows an extreme pump is likely in the immediate short term!
If you like Shiba Inu, you must hit the like button right now to support the future of this coin!
There is no doubt that Shiba Inu knows how to pump drastically, and what can happen to you is that you wake up in the morning and you will see a huge green dildo, so I think you want to fill your bags before it happens!
From the technical perspective, we can see a descending parallel channel on the daily chart that is very close to a bullish breakout. Also inside this descending channel, we can see an ABC ZigZag corrective pattern. With this confluence, we are pretty confident about an explosion to the upside.
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.
We have had a 92% correction from the all-time high. There was a massive bear market from 2021 to 2022. The bear market has been completed as an ABC zigzag pattern from the Elliott Wave perspective.
What is the next strong resistance on the way up? 0.00002514 and 0.00003384 without a doubt. They are both strong resistances, where we can definitely experience some selling pressure.
I am telling you that this is going to be massive, so make sure your bags are full with the Shiba Inu coin. You can buy on the spot or go long on futures with leverage.
Thank you, and for more ideas, hit "Like" and "Follow"!
SHIB MAY RALLY ANOTHER 40% IF THE PRICE WILL DO A BREAKOUTSHIB is an important structure. The price is playing inside a nice parallel channel where the current market price holds the upper boundary and the resistance is formed on the daily timeframe. If the price can do a bullish breakout here, then we may see a nice rally to the upside which can push the prices by 30%-40%.
But the prices and the bullish closings of recent daily candles are following a neutral or bearish sentiment by respecting the upper boundary and the resistance formed. If the price still manages to respect the upper boundary and the resistance as a sell zone, there we may see another bearish trend that can revisit back toward the support highlighted.
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SHIB🐕 breaking out once again?Please 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free.
After this accurate call...
...the price has been testing the channel upper edge from daily timeframe repeatedly the whole last week:
Also price is consolidating right below the channel upper edge in form of symmetrical triangle which is usually continuation pattern. It seems to me that Shiba Inu could be ready to break up this triangle📐 and IF successful I think there is chance for run to 0.00001410. I'm setting the BUY STOP-LIMIT order to recent range high anticipating the triangle breakout.
ENTRY : local high @ 0.00001220
STOPLOSS (SL) : local low @ 0.00001179
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 0.00001410
REWARD RISK RATIO (RRR) : 4.7
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
SHIBUSDT 1HSHIB at this moment is trying to pass the cloud from bottom to top, forming a triangle. A clear accumulation movement that will result in an upward explosion.
Main support levels : 0.00001150 / 0.00001134
Main Resistance Levels : 0.00001163 / 0.00001177
MM100: At the height of $0.00001153
RSI: Exhaustion of Buying Forces
To date, Shiba Inu's burn rate has seen a whopping 28,850% increase in the last 24 hours, which is the highest percentage increase on the network seen in recent months.