SHIB USD Re-Accumulation in Scalping Timeframes Given here is the SHIB USD price activity in the scaping group of time frames (1 min, 3 min, 6 min, 12 min, 23 min, 45 min, 90 min, 3 hour) with the Phoenix Ascending indicator, which is comprised of the green exponential moving average (EMA), red stochastic relative strength index (sRSI), blue least squared moving average (LSMA), and the white energy (WE).
Here, I highlight two trading ranges for SHIB USD in the 12 min timeframe. The first (to the left) is re-accumulation. The Wyckoff events and phases are labeled. The ideal long entry is indicated by the blue arrow (phase C or early phase D). The second is hypothesized to also be re-accumulation although one cannot exclude the possibility that it is re-distribution. The ideal long entry would be in phase C or early phase D. Wyckoff abbreviations: selling climax (SC), automatic rally (AR), upthrust action (UTA), sign of weakness (SOW), failed upthrust (FUT), secondary test (ST), last point of support (LPS), sign of strength (SOS), buying climax (BC), phase A (Ph A), phase B (Ph B), phase C (Ph C), phase D (Ph D), phase E (Ph E).
Shown in the bottom panel is the Phoenix Ascending indicator. The ideal long entry occurs when the red sRSI is on the upswing and is about to be contacted by the green EMA that is also on an upswing.
This is not financial advice. I am not your financial advisor. This is my opinion.
Shibusdtlong
SHIBA is going down. Here is a 45% profit opportunity!BINANCE:SHIBUSDT is showing signs of weakness. It got rejected at a very strong support level which is also at confluence with the 0.5 fibonacci level (very strong).
We are in a serious downtrend right now. Short position placed. See more details on the chart.
Good luck,
Your Ganbu
⚠️ Let me know your feedback and comments below!
⚠️ Follow me if you would like to see more analysis like this
SHIBUSDT (1D Chart) - Major Resistance Breakout!!SHIBUSDT (1D Chart) Technical analysis
SHIBUSDT (1D Chart) Currently trading at $0.00000999
Buy level :Above $0.00000973
Stop loss: Below $0.00000809
TP1: $0.0000119
TP2: $0.0000141
TP3: $0.0000166
TP4: $0.0000189
Max Leverage 2x
Always keep Stop loss
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
SHIBU I am still liking this and feels like this is a good spot to add.
Looks like we have a golden cross in developing. Range bound action gives a clear floor/ceiling. Previous support turned resistance is our new price targets.
I am aping into it here for another try.
I just can't believe that this pump is over. no way, more to come
SHIBU - YOLOThis one stole the show from Doge. I think every Doge maniac is piling into this one.
I dont think its done pumping yet.
There are no technicals, fundamentals or common sense that you can apply. All I can say is there is a pic of a Shibu dog on Elons Twitter and thats good enough of an analysis for me.
Gonna yolo in for the second time today but not holding this over night.