MAGIC DUOS NEWS Aug 23, 2024 1D CHART UpdateRECOMMENDATIONS For Very Very Low Capital Investors
SHIBUSDT Crypto / Now at 0.00001521
Go LONG! Price crossed SMA 20, NV is positive showing 3.317T and Privot HL continue going up in GREEN. Close position once Privot HL turn RED.
SH Proshares Short S&P500 / Now at 11.15
Go LONG once Privot HL turn GREEN.
If that happens DJI and SPY will go in the opposite direction. Yes, DOWN.
Remember, all these metrics came from 1D Charting.
FOLLOW THEM UP TWO TIMES DAILY, AT 10AM & 10PM EST
Your COINS will be appreciated!!!
SHIBUSDT
What's next after Shiba Inu (SHIB) 10% recovery?Shiba Inu (SHIB) has seen remarkable whale interest during this week’s recovery rally. The rally, which started on the 19th of August, reaching a 10% gain during the early New York trading session on the 22nd of August.
The recovery also coincided with a recent Shiba Eternity game launched on its Shibarium network. However, the recovery hit a short-term supply at the 61.8% Fibonacci retracement level.
After a massive dump on the 5th of August, SHIB has traded sideways between 61.8% ($0.000014) and 78.6% ($0.000012) Fib levels.
The recent recovery has reached the short-term range-high at $0.000014, which could trigger another sell-off as seen in the past.
Meanwhile, demand and buying pressure surged, as indicated by rising RSI (Relative Strength Index) and CMF (Chaikin Money Flow).
However, demand interest in the dog-themed memecoin was not above the average levels at the time of writing, which could make it challenging to cross the resistance at $0.000014.
So, if Bitcoin’s (BTC) price consolidation below $61K extends, SHIB could follow suit. Ergo, the short-term range highs and lows could remain key SHIB levels to watch in the short term.
Shiba FRACTAL : FEB 2024 - 330% in 2 WEEKSBINANCE:SHIBUSDT
Many altcoins are currently in Accumulation Phase. This is the part of the cycle where there seems to be very little action, and the price moves in a range and sideways. It's safe to say that we can expect sideways/range trading until BTC moves the market. In a previous update, I mentioned how BTC loves Decembers:
The good news, is that this makes for an excellent time to BUY back into any market. The lowest risk option here would require some patience though, because the accumulation cycle often lasts month. Luckily - we are already a month in of mostly range trading.
Here's a look at SHIBA's best buy zones in more detail, as well as other altcoins that are in or approaching the ideal buy zone:
4 to 1 Reward vs. Risk $500 SHIBA TRADE AT 20X.Shiba Inu is very popular in Japan, and with the economy spiraling into the depths of despair in Japan right now, it's only a matter of time before the Japanese people will be flooding into assets in an attempt to preserve their buying power. I think Shiba Inu will be one of the beneficiaries of this coming flight to safety.
Don't follow my trades; come up with your own ideas. Don't be a follower—be a trailblazer!
Good luck!
ALTS in ACCUMULATION ZONE !The accumulation zone is your ideal BUY zone. The reason being, is that with some patience the next part of the cycle is the increase / impulse wave UP.
1) SHIB
2) DOGE
3) RUNE
4) FANTOM
There are a few more, but that's what we have time for today! Catch us here again tomorrow for more updates.
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BINANCE:FTMUSDT BINANCE:RUNEUSDT BINANCE:DOGEUSDT BINANCE:SHIBUSDT
SHIB Technical Analysis in a Weekly TimeframeHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
SHIB is currently in a downtrend and is likely to fall further if the market faces another bearish scenario.
The price at $0.0000135 is currently hovering between support and resistance. The RSI is close to the oversold zone, indicating some room for further bearish movement.
A quick market reversal could change the outlook, but nothing can be confirmed at this time.
Key levels:
- Lower Support: $0.000006836
- Primary Resistance: $0.00001799
- Resistance Trendline: $0.000025
- Target: Previous all-time high
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
Shib path to November 2024 - 2025 Hola Shib-inu fans, I have been getting request while I was away - asking what's the next move for Shib in this current market today.
Along with questions such as:
Why is it crashing so much?
Should you buy, hold, or sell?
Where do you see the market in the next year?
To answer that question is simply put I can not answer that directly at this time. Reason being, the market is currently influenced by the United States political and economical climate and is likely going to make an even greater impact based on which candidate wins office.
Republicans🐘 vs 🐎Democrats
Currently control the market movement, and if you don't believe me, after Donald Trump was shot, Republicans believed that this would land Trump a landslide victory, so Whales and influencers to the market flooded the main crypto wallets BTC and ETH among others with rally that led the price of bitcoin from a 56k lost back to a 70k return. Another example of how the US as well as China has a major controlling factor on how the market moves, is the fact that this most recent crash is based on the US CPI report being unsatisfactory forcing both the crypto and SnP market to crash from that outcome alone.
This is mostly the results of Bitcoin and its holders trying desperately to have ETF's take center stage and by doing so gave much of the control over financial growth to the banks and the governments that control them. That's the price we paid to have ETF's we are now apart of the regulatory stock market which is mainly control by the US market base.
So to understand where the next move for shib may lead is basically impossible to tell depending on who wins in November, so to help with this issue, I made a pathing map, and possible areas of concern for holders to look out for on a modified day chart converted to a weekly chart.
This path starts and end in November of 2024 to 2025 where if the republicans win, it will influence buying power from whales looking to capitalize on the returning president trump and the republican party new policies that want to put in place that is more beneficial to those with wealth they which to extend further.
vs
Another democratic win where policies may not change to much but will be a greater impact on the financial markets as a whole which will not rally whales if any at all and will likely cause a selloff in much of the markets not just in crypto.
So hopefully this map helps guide you to a positive path to riches or avoid a possible path to ruin.
Shiba Inu Price Drops 22%. Can it break the trend?The 22% drop in Shiba Inu’s price over the last 24 hours results from bearish investors and similar market conditions. Signs of SHIB holder’s negative sentiment became evident following the shift in funding rate.
The funding rate indicates that SHIB investors have been anticipating a decline, with their expectations aligning with the recent drop in price. Their concerns about a downturn were realized as soon as the price turned red.
The Chaikin Money Flow (CMF) further illustrates that Shiba Inu investors have been actively withdrawing their investments. This trend of significant outflows highlights growing caution or dissatisfaction among the investor base.
Shiba Inu’s price at $0.00001105 fell below the support of $0.00001141, leaving the altcoin vulnerable to falling to the support of $0.00000898. This level has prevented further decline in the past, and SHIB could bounce back from it.
To recover and break the downtrend line, the meme coin must first turn $0.00001473 into support. Given the current challenges, this could be difficult, and SHIB might consolidate below this level.
On the other hand, if SHIB investors change their stance and turn bullish again, recovery is possible. Breaching the downtrend line would invalidate the bearish thesis and help reclaim lost profits.
SHIBUSDT.1DAnalyzing the SHIB/USDT daily chart, it's clear that the market has shown a mixture of explosive growth followed by a sharp decline, which is typical for volatile assets like SHIB. Let's dive deeper into the key technical indicators and the support and resistance levels to get a clearer picture of potential market movements.
Support and Resistance Levels:
Support Level 1 (S1) at $0.00000549, which the price is currently testing. This level is crucial as it has previously acted as a floor, preventing further downward movement.
Resistance Level 1 (R1) at $0.0000219, which marks the recent high point and could serve as a strong resistance if the price attempts to recover.
Resistance Level 2 (R2) at $0.00004567, representing the peak of the previous bullish spike.
Technical Indicators:
The MACD (Moving Average Convergence Divergence) shows a divergence below the signal line and is deeply negative, indicating strong bearish momentum. This suggests that the downward trend could continue unless there's a shift in market dynamics.
The RSI (Relative Strength Index) is approaching the oversold region but has not yet breached the 30 level, suggesting that there might still be room for further downside before a potential reversal could occur.
Conclusion:
From my analysis, the SHIB/USDT pair currently presents a bearish outlook. The price testing the support at $0.00000549 is pivotal; a break below this could lead to further declines, potentially creating new lows. Conversely, should the asset stabilize and rebound off this support level, it could attempt to challenge the resistance levels above. Given the current negative MACD and approaching oversold RSI, traders should remain cautious and look for potential signs of reversal or consolidation at the support level. As always, keeping an eye on broader market sentiment and news that may affect SHIB's price is crucial for timely decision-making.
$SHIB support and green zone for buying long and refillI have been following CRYPTOCAP:SHIB for quite a long time, and it is in a very long downtrend. This chart is similar to the setups I have created for other coins; it highlights a great zone to refill your portfolio with a high probability of good performance.
DYOR, check my other setups; they are all good and doing +30% with no leverage. Don't forget to take your profit and control your greed. Meme coins are not for holding long-term—make a profit, sell, and buy another one.
We are in a CRYPTOCAP:BTC downtrend, so it's time to catch opportunities. In 2 months, the current prices will look very cheap.
An entry at 0.000015 or less is a bargain. Then, just wait 2 months and sell at the top of the altseason.
Why I say SHIBA INCREASE is CLOSE We'll take a look at a few methods of chart analysis that ultimately says a Shiba Inu increase season is on the horizon.
✅ RSI
The RSI has been fair to low for an extended period of time. We also observe a bottom out on the RSI where an all time low is observed for the year, likely indicating the bottom is in:
✅ V-Shape Recovery
A strong V-Shaped recovery is observed in the 4h, indicating buyers were ready to scoop up lower prices:
So what are we waiting for?
👉 Technical Indicator
In order to send SHIB, we will first need to see the price close ABOVE the trendline, at which point a "BUY" alert will go off:
What would invalidate my bullish sentiment, is IF the price is unable to et back above the trendline pointed out above on the technical indicator, and IF we lost the higher lows:
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BINANCE:SHIBUSDT
SHIB: Breakout or Consolidation?The trading volume is 88.414B SHIB, indicating significant market activity.
Parabolic SAR indicates a potential bullish trend with the SAR at $0.00001652.
The SMA is at $0.00001705, indicating that the current price is slightly above the moving average, which can be a bullish sign.
The histogram value is 0.00000011, MACD line is -0.00000001, and the signal line is -0.00000012, indicating a neutral trend but showing signs of a potential bullish crossover.
%K at 78.02 and %D at 82.52, indicating near overbought conditions.
The RSI stands at 55.80, suggesting that SHIB is in a neutral zone with a slight bullish bias.
Market Sentiment
The market sentiment for SHIB appears cautiously optimistic. The MACD is showing signs of a potential bullish crossover, while the RSI and Stochastic Oscillator indicate neutral to near overbought conditions.
Potential Market Scenarios
Bullish Scenario:
A decisive break above the dynamic resistance at $0.00001755 could lead to further upward movement, targeting higher resistance levels around $0.00001800.
Bearish Scenario:
If SHIB fails to break above the dynamic resistance, it could retest the support levels at $0.00001677 and $0.00001598. A break below $0.00001598 could signal further declines.
When to Buy SHIB for Investment
Current Situation:
Given SHIB's current price at $0.00001723 and the technical indicators suggesting potential consolidation or a slight bullish trend, a cautious approach is warranted.
Optimal Buying Strategy:
Wait for a Breakout or Dip: Watch for a breakout above $0.00001755 for bullish confirmation or wait for a dip towards the solid support level at $0.00001598.
Solid Support Level: If the price drops further, the solid support at $0.00001598 is a strong level to consider for investment. Historically, SHIB has found significant buying interest at this level, making it a safer entry point.
Gradual Accumulation: Alternatively, adopting a dollar-cost averaging (DCA) strategy by buying small amounts at regular intervals can mitigate the risk of market timing and take advantage of potential dips.
Conclusion and Market Outlook
SHIB is currently positioned with significant support and resistance levels to watch. While technical indicators suggest potential consolidation in the short term, the MACD showing signs of a bullish crossover and overall market activity suggest room for growth.
Impact of Bitcoin:
It's essential to note that Bitcoin (BTC) is currently at a crucial level. If BTC fails to surpass its all-time high and experiences a significant drop, it could negatively impact the broader cryptocurrency market, including SHIB. Monitoring BTC's price action is vital for understanding potential risks to SHIB's price movements.
shib → the best price for getting a long hello guys...
I believe the 0.000160 is the best area to get a long position!
the target will be $0.00038!
let's see!
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✓✓✓ always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
SHIB: A Major Break is About to Happen...SHIB had a short-term top in March 2024 and has been in an accumulation range since then. We can now see a large wedge pattern forming. Once this trend line breaks, we could see big moves coming.
First major area of resistance is around 000029 with a local top at 000045.
Be patient!
SHIB/USDT Trading ScenarioAmid the overall negativity in the cryptocurrency market, SHIB has significantly dropped in price, falling from a local high of $0.00004605 to $0.00001272. This decline amounts to more than 70%. The asset's price has nearly reached a range of global interest among participants, as confirmed by the volume profile. Currently, there is an attempt to recover the price and consolidate below the downward-sloping resistance level.
We can anticipate a breakout of the downward-sloping resistance level, followed by consolidation above it and further price growth. The resistance level may be at $0.00002963.
However, the possibility of continued price decline should not be ruled out, with a potential drop to the Point of Control (POC) at $0.00001032 and a subsequent bounce from that level.
Shiba Inu (SHIB) price predictionShiba Inu (SHIB) managed to climb past a short-term range and has gained 15% since the low it posted on Friday the 12th of July.
In doing so, it has outperformed Pepe (PEPE) in the short-term, and its on-chain metricssignaled that more gains were likely.
The week’s trend sometimes gets established on Mondays. What is the SHIB price prediction, and should traders anticipate a strong bullish run soon?
The recent report highlighted the short-term bullish metrics of SHIB and how they generated a buy signal. On the 12-hour chart, a session close above the range highs at $0.000017 has occurred.
The Awesome Oscillator also noted a bullish crossover and was rising higher to reflect the growing upward momentum. The CMF has been above +0.04 over the past week, a sign that buying pressure was consistent.
This concerted effort has begun to pay dividends. To the north, the $0.00002-$0.000021 supply zone was the immediate bullish target.
The higher timeframe charts such as daily and weekly showed that the memecoin has not bucked the gradual downtrend it has been on since April.
The liquidations chart showed short positions liquidated in the late hours of Sunday, which should fuel further price hikes.
Overall, the wider market disbelief might be turned into FOMO if Shiba Inu continues to climb.
SHIB looks bearishFrom where we placed the red arrow on the chart, SHIB has entered correction.
Considering the time of the waves and the price range, the correction seems to be a diametric.
The price is expected to reject downwards from the red range.
The targets are clear on the chart.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
SHIBUSDT.1DIn my technical analysis of the SHIB/USDT daily chart on Binance, I focus on the trend behaviors and key indicators that could provide insights into future price actions.
The chart reveals a volatile journey for SHIB/USDT, particularly noticeable in the sharp spike and subsequent fall during early 2024, characterized by point A on the chart. This volatility has since tapered into a descending triangle pattern, indicating a potential continuation or reversal could be forthcoming.
Firstly, let's consider the support (S1) and resistance levels (R1, R2). Currently, the price has stabilized near a critical support level (S1) at approximately $0.00000853. This level is crucial as it has historically acted as both support and resistance, suggesting a strong psychological price point for traders.
Resistance levels are identified at $0.00002019 for R1 and higher at $0.00004567 for R2. Overcoming these levels would require significant bullish momentum, likely driven by broader market trends or specific catalysts affecting SHIB.
The Relative Strength Index (RSI) is near the 50 mark, indicating neither overbought nor oversold conditions. This neutrality suggests a potential for either movement direction, depending heavily on market sentiment and upcoming news or events that could sway investor behavior.
The MACD, while currently below the signal line, shows signs of converging. A crossover above the signal line could be a bullish indicator, suggesting an increase in upward momentum. However, the histogram reflects minimal momentum in either direction, reinforcing the current market uncertainty.
Given this analysis, the immediate strategy would be to watch for a decisive break either above R1 or below S1. A break above R1 could suggest a potential trend reversal, targeting further resistance at R2. Conversely, a fall below S1 could confirm the continuation of the bearish trend, potentially leading to new lows.
In conclusion, my focus will remain on these critical thresholds (S1 and R1), monitoring for significant price movements that could indicate a larger trend change. The balance between observing technical signals and staying informed on market-wide influences will be essential in navigating SHIB/USDT’s future movements effectively.