Get started

Shibusdtanalysis

SHIBUSDT likely to retrace to 0.00001290 levelYesterday evening (UTC) I expected the 4h candle to close above this 4h resistance level which would have caused the price to test the recent high and the 4h resistance 2 zone. But that did not happen as the 4h candle closed below and that caused the price to fall further. Currently we bounced back to the 4h resistance 1 zone from support area marked as the line on chart. The likelihood of price to retrace back down from this 4h resistance 1 zone is higher.
Short
by angela_altair
SHIBUSDT likely to make another attempt at 4h resistance zoneThe price has hit the 4h resistance 2 finally as marked on the chart. However, it seems that pushed the price back under the resistance and it is trading below the resistance. There is a very high probability that it will make another attempt to hit and break this resistance at around 0.00001400 level The previous 4h resistance (marked in chart as 4h resistance 1) is now acting as support and that made the price bounce from there on this push back from 4h resistance 2.
Long
by angela_altair
SHIBUSDT heading for next 4h resistance zone around 0.00001320The price has closed above the 4h resistance which was holding the price back for long. This kind of clears the way for move up to the next resistance zone. That resistance might not be that strong and price can then head for the next resistance level marked on the chart. A possible price path has been depicted. However, let us go step by step and then do the reevaluation of the next possible path. Therefore let us focus first on step L1.
Long
by angela_altair
6
SHIBUSDT may pullback to closest 4h support areaPrice may tap this 4h support region in this pullback. But before this pullback, probably price might revisit0.00001544 level. Though current price level 0.00001526 is a good candidate for the next leg down to begin from here. However during the pullback there is a little chance that it may miss that 4h support by a little 1% mark as there is hourly support there which might provide the bounce to the price a bit early than the marked 4h support region. A better entry for a better R:R would be to wait patiently for the price to touch 4h support area.
Short
by angela_altair
5
SHIBA RECOVERY - BUY ZONE SET FOR SHORT/LONG BUYI have set up a new short - long term buy on SHIB/USDT. Currently looking at an 'M' pattern, Shiba will hopefully take a fall to it's previous support as price couldn't hold it's trend line. This will take us to a major support where multiple bounces have been seen previously, especially for large upward trends long term. Please feel free to provide your opinions and feedback on this trade and feel free to join me! ATTENTION: I AM NOT A FINANCIAL ADVISOR AND DO NOT TAKE ACCOUNTABILITY FOR YOUR DECISIONS BASED UPON MY ANALYSIS!
by TradingEnthusiast99
SHIB/USD Downtrend BreakoutThe idea here is about SHIB/USD: My view is short term Bullish for the below observed technical factors. Points as per TA on Weekly & daily Chart: 1. Broken out of Downtrend Channel as per below: 2. Possible Double Bottom pattern formation on a weekly chart await for neckline breakout as per below: 3. Possible Bearish Bat Harmonic Pattern CD leg in formation as per the published chart . 4. Bearish Cypher pattern completed on Daily chart, Target 1 Achieved & support confirmed at the time of publishing as per below : 5. Trading below 20 EMA on a weekly chart & above 20 EMA & below 200 EMA on a daily chart. 6. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily & weekly is Neutral at the time of publishing. 7. RSI is at 47.07 on a weekly Chart and 68.27 on daily chart at the time of publishing. 8. MACD above signal line on weekly & daily chart. 9. Hull Moving average on daily is a sell and Strong buy on Weekly & monthly. 10. ADX ( Average directional index ) trend strength is at 8.2 on a weekly which indicates a absent or weak trend ( ADX between 0-25 is a Absent or weak trend) & 43.17 on daily chart which indicates strong trend. Projected Target with %: Double bottom & bearish Bat targets are almost aligned at the same point. A). Conservative entries can wait for retest & neckline breakout confirmation on weekly chart for double bottom, target provided in chart. B). Bearish Bat target provided in chart. Stop Loss: provided in chart. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So Please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
FTX:SHIBUSDLong
by Tron029