Get started

SHIBUSDT

SHIBA - Buy here, do not miss next pump! (HUGE)Shiba Inu will definitely go higher later this year. Right now, we need to catch the bounce and ride the next wave to the upside. The 0.618 FIB retracement seems to be a great level to buy Shiba Inu, which is at 0.00002249. It's always important to do an Elliott Wave technical analysis for such pumps to stay in full picture. We need to see the full market structure and map of the uptrend. I suggest waiting for a bullish flag or any bullish pattern, or just simply setting your limit order to buy SHIB lower! I am very bullish on this coin, and the next profit target is 300% away! What Is SHIBA INU (SHIB)? SHIB is a decentralized, community-led currency held by millions across the globe. Since its inception in late 2020, the Ethereum-based SHIB token has grown to become a worldwide phenomenon, and is now accepted as a form of payment at hundreds of locations, either directly or through third-party intermediaries. Shiba Inu coin was created anonymously in August 2020 under the pseudonym "Ryoshi." Ryoshi says about himself that he is a nobody and not important and that the efforts to unmask his identity, even if successful, would be underwhelming. This meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and tweets from personalities like Elon Musk and Vitalik Buterin. Since release SHIB now trades on the ecosystem's proprietary DEX, ShibaSwap.
Long
by Xanrox
39
SHIB's Critical DipThis price point is closely approaching a critical support level at 2098, situated at the bottom of a previous gap, indicating a significant area where the asset might find a footing if the downtrend continues. The current price is nearing the lower Bollinger Band, suggesting that SHIB is potentially entering an oversold territory. This could be a precursor to either a continuation of the bearish trend or a reversal if the asset is deemed too undervalued. Volume: The trading volume is exceptionally high at 1.078 trillion SHIB, indicating significant market activity. Such high volume associated with a downtrend typically confirms strong selling pressure. The price is below the SMA of 2207, signaling bearish momentum. Prices below the SMA generally indicate that the asset is currently in a downturn relative to recent price history. The %K (10.2) and %D (11.6) values are below 20, which often suggests the asset is oversold and might either see a short rebound or continue to drop if the selling pressure doesn't ease. At 26, the RSI further confirms that SHIB is oversold. This indicator often signals that the selling may be overextended, and a reversal could be imminent, depending on market conditions. The MACD line below the signal line with a negative histogram value reinforces the strong bearish momentum observed in the market. The chart indicates a robust resistance to upward movement, suggesting that any potential recovery may need significant volume and buyer interest to break past established resistance levels, particularly around 2552. With the market indicators pointing towards an oversold condition, investors should watch for potential stabilization or a minor price recovery. However, the overarching sentiment remains bearish, and caution is advised. This technical posture might offer a strategic point for traders to consider entry for a short position if expecting further decline, or to prepare for a possible buying opportunity should the indicators suggest a strong reversal is likely.
by MonoCoinSignal
SHIB/USDT WEEKLY CHART UPDATE !!Hello friends, welcome to this SHIB/USDT update from Crypto Sanders. Chart Analysis Everyone, what are your thoughts on the charts? Please share your comments regarding the SHIB/USDT Weekly Update. Shiba Inu (SHIB) finished the week with a notable rise of 14%, emerging as the top performer on our list. This significant improvement is noteworthy, especially given the recent decline in new local levels. The key support lies at $0.000025, where buyers have so far successfully maintained a hedge against further selling pressure. Resistance is $0.000037. Going forward, the optimal scenario for this meme coin includes consolidating the above key support and potentially starting a new rally in May. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
by CryptoSanders9563
SHIB - DUMP Incoming 📉📉Hi Traders, Investors and Speculators of Charts📈 Shiba was unable to breakout above the recently formed pennant pattern in the weekly timeframe. Usually pennants are bullish but if the pattern fails a huge downside can be expected, indicating weakness and dominant sellers. The next likely support is only at the moving averages, with both the 50d and 100d roughly at the same place (price tags on the right hand side). If the markets do not turn around in the immediate future, SHIB could drop as much as 40%, since it drops much harder than BTC and ETH during liquidity rotations. Considering that this is the weekly timeframe, it may take some time for the price to reach the moving averages trendlines. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:SHIBUSDT
Short
by CryptoCheck-
1
I Cannot SHORT This !!!Hi. ➡️ the odds of another bullish Movement is Pretty high because the pattern which SHIB is in, Is a Bullish wedge Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens.... ✅ Due to the Ascending structure of the chart... 🟢 The odds of another Bullish Movement is High! 🟢 Bullish wedge is Visible on The chart! 🟢 REEGULAR BULLISH Divergence 🟢 No break out yet! 🟢 FALLING WEDGE ✨Targets are: 🎯$0.00002969 🎯$0.00003280 🎯$0.00003660 🎯$0.00003930 ❗ Note that if the WEDGE is broken down with the power of descending candles, our analysis will fail. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
2
SHIBUSD Shiba Inu Unlocking Profit PotentialButterfly Harmonic Pattern Formation: SHIBUSD is currently displaying a formation of a Butterfly Harmonic Pattern, indicating potential bullish momentum in the near future. This pattern is characterized by distinct Fibonacci levels and specific geometric shapes. Trendline Confirmation: The pattern is further validated by the presence of a trendline, adding confluence to the bullish bias. The intersection of the trendline with the Butterfly Harmonic Pattern enhances the significance of the potential reversal. Key Support and Fibonacci Level: Point D of the Butterfly Harmonic Pattern coincides with a key support level and the 0.786 Fibonacci retracement level. This convergence strengthens the reliability of the bullish setup, suggesting a favorable entry point for traders. Trade Setup: - Entry: Long position initiated at 0.00002230, aligning with the bullish confirmation at Point D and the confluence of support and Fibonacci levels. - Stop Loss: Placed at 0.00001823 to mitigate potential losses in case of adverse price movements, maintaining risk management principles. Profit Targets: - TP-1: Set at 0.00002838 to capture the initial bullish momentum and secure partial profits. - TP-2: Positioned at 0.00003250 to capitalize on extended upward movement, reflecting a conservative profit-taking approach. - TP-3: Targeted at 0.00003835, aiming for further upside potential and maximizing returns while adjusting risk exposure accordingly. Conclusion: Based on the technical analysis, SHIBUSD presents a promising opportunity for bullish trading, supported by the formation of a Butterfly Harmonic Pattern, trendline confirmation, and confluence of key support and Fibonacci levels. Traders are advised to exercise prudent risk management strategies and adhere to the outlined trade setup for optimal performance.
Long
by trading_jupiter
1
shibusdt 106% long target 1. Shiba Inu (SHIB) is currently positioned within a buying zone, ranging from 0.00002100 to 0.00002300. This zone is significant as it attracts attention from major investors like Black Rock and other whales, indicating strong demand dynamics. 2. Recent market activity has shown positive signs for SHIB, with an increase in trading volume and daily active addresses. This uptick aligns with a broader market trend, driven partly by Bitcoin's surge to $65,000. 3. Shibarium, SHIB's layer-2 blockchain solution, has witnessed heightened activity, with daily transactions ranging from 300,000 to 950,000. This suggests growing interest and utilization of SHIB's ecosystem. 4. Additionally, SHIB's burn rate has spiked significantly, signaling efforts to reduce token supply and potentially increase its value over time. 5. Current market data reveals SHIB's live price at $0.000023 per token, with a market cap of $13.46 billion USD. The 24-hour trading volume stands at $642.81 million USD. 6. SHIB has experienced a modest increase of +1.22% in the last 24 hours, with a circulating supply of 589,289.41 billion tokens. 7. Technical analysis highlights a bullish divergence observed at the 4-hour time frame, indicating a potential upward trend. Additionally, all indicators are showing buy signals, reinforcing the bullish sentiment. 8. The proposed trade strategy involves waiting for a volume candle to break the blue moving average (MA) line, signaling an increase in market activity. 9. Once the volume confirms the bullish movement by surpassing the blue MA line, consider entering the trade. 10. It's crucial to set a profit target at 106% above the entry point, aiming to double the investment. 11. Implementing risk management measures, such as setting stop-loss orders, is essential to protect the investment in case of adverse market movements. 12. Monitoring the volume closely and observing any significant changes in market dynamics is key to timely decision-making. 13. Understanding the broader market context and potential catalysts can provide valuable insights into SHIB's price movements. 14. Keeping track of developments in Shibarium and other ecosystem-related initiatives can help gauge the long-term viability and growth potential of SHIB. 15. Market sentiment and investor behavior play a significant role in cryptocurrency price fluctuations, so staying informed about community sentiment is essential. 16. Assessing SHIB's relative strength compared to other meme coins and cryptocurrencies can provide additional context for trading decisions. 17. Diversification is crucial to managing risk effectively, so consider allocating investments across different assets and sectors. 18. Utilizing technical analysis tools and chart patterns can aid in identifying potential entry and exit points, enhancing trading precision. 19. Patience is key in trading, as waiting for confirmatory signals and avoiding impulsive decisions can lead to more successful outcomes. 20. Continuously reviewing and adjusting the trade strategy based on evolving market conditions is essential for long-term success. 21. Educating oneself about cryptocurrency fundamentals and market dynamics can empower traders to make informed decisions. 22. Networking with other traders and joining online communities can provide valuable insights and support in navigating the cryptocurrency markets. 23. Emotions can often cloud judgment in trading, so maintaining discipline and sticking to predefined trading rules is paramount. 24. Recognizing and managing cognitive biases can help prevent irrational decision-making and improve overall trading performance. 25. Regularly reviewing and analyzing past trades can provide valuable lessons and insights for refining future trading strategies. 26. It's important to remain adaptable and open to new information, as market conditions can change rapidly. 27. Developing a clear trading plan with well-defined entry and exit criteria can help minimize uncertainty and improve consistency in trading performance. 28. Risk management should be a top priority in trading, with capital preservation taking precedence over potential gains. 29. Seeking advice from experienced traders or financial professionals can offer valuable perspectives and guidance in navigating the cryptocurrency markets. 30. Ultimately, successful trading in cryptocurrencies like SHIB requires a combination of market knowledge, technical skill, discipline, and risk management. By adhering to sound trading principles and staying informed, traders can increase their chances of achieving their financial goals.
Long
by MOAZAM1133
SHIBUSDT.1DThe SHIB/USDT daily chart indicates a significant downtrend with the price closing in on the support level (S1) at 0.00001599. If the price breaches this level, it might signal further declines. The resistance levels (R2) sit far above the current price at 0.00003357, suggesting that the asset has room to recover if the momentum shifts. However, the current market structure would require a strong bullish reversal to reach these heights again. The RSI is approaching the oversold territory at 28.85, which might attract interest from buyers looking for undervalued entries. However, a persistently low RSI can also align with a strong downtrend. The MACD's position below the baseline and its negative histogram also support the bearish trend. Traders would need to see a cross above the signal line or a shrinking negative histogram for signs of a potential reversal. The presence of a pattern resembling a flag pole and a flag (bear flag) may indicate a continuation pattern, so a downside break from the flag could signal a continuation of the downtrend. In conclusion, the indicators suggest a bearish outlook, but with the RSI nearing oversold conditions, one should watch for any potential bullish signals or price action that could indicate a reversal or a pause in the downtrend. Always remember to consider other technical aspects, fundamental analysis, and market news when evaluating such scenarios.
by MarsSignals
SHIB: StandstillSHIB is currently showing a price action that's worth noting. The token has been unable to break a particular resistance level for about three weeks now. On the 4-hour chart, SHIB is trading at a point that has acted as both resistance and support in the recent past, indicating its significance. The MACD is hovering just below the signal line and the histogram is almost flat, suggesting there isn't much momentum in either direction at this time. This could be read as the market taking a breath before deciding its next big move. The Stochastic Oscillator is relatively low, which sometimes points to an upcoming upward move if buyers step in, considering the price could be seen as undervalued. However, the RSI is also in the lower region, supporting the possibility that the market sentiment is currently not in favor of a strong bullish push. The trading volume has been substantial, yet this hasn't translated into a significant price change, which often implies consolidation. Traders may be looking for a catalyst or a shift in broader market sentiment to give SHIB direction. This current state of balance can be delicate, and a breakout above this level would likely require a strong shift in investor confidence and market dynamics. Conversely, a break below could see SHIB testing the lower levels of solid support that have been established. The critical aspect to watch with SHIB will be how it interacts with the solid support line beneath it. Whether it holds or breaks might provide insights into the market's confidence in the token. Enjoyed the analysis? Don’t forget to hit like, drop a comment with your thoughts, and share it with your friends.
by MonoCoinSignal
Shiba Inu price completed correction and will continue to grow ?We would like to believe that the Shiba inu price has already made an a-b-c correction as part of wave 4. But it's worth keeping in mind that a drop in the #SHIBUSDT price down to $0.00001350 - 0.000015 will still keep the upside scenario relevant. But probably most would like to see the price drop no longer fall so much, and for CRYPTOCAP:SHIB buyers to keep the price above $0.000020 and continue to grow with a medium or long-term target of $0.000075 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
2