SHR/USDT finally reaches its bottomSharering has just announced some massive news, namely that they have been certified as a digital identity services provider in the UK, which means they are now able to offer their digital identity solution for labd registry purposes in the UK. In other words, they have essentially partnered up with the UK government.
cointelegraph.com
We are talking about a coin with currently a $3.5m marketcap. This news comes right as the chart has formed a perfect double bottom pattern on the weekly, and is sitting near the all time low.
I think buying SHR right now carries relatively low risk for how small of a marketcap the coin has, because it is already completely bottomed out, and once people catch a glimpse of this news and the chart, they will for sure feel some FOMO.
The only thing currently preventing this coin from starting the inevitable moonshot, is the fact that this news is going completely under the radar and nobody is talking about it.
Once this chart starts to take off, there is some huge potential profit to be made. A 10x could just be the beginning.
SHRUSDT
SHR forming the most obvious bull pennant ever?Well, this is a bull pennant if I've ever seen one. However, how reliable are patterns like this when it comes to microcap tokens like SHR? Pretty much not reliable at all. In fact most of the time, patterns like this are likely painted on purpose by whales in order to create some FOMO to dump on. Still interesting to watch how this will develop from here. Looks extremely bullish in the short-term, but could just as easily be a trap.
SHRUSDT looking nice!!SHR is a great project with a high potential!!
Based on my knowledge on technical analysis, price is in a great BUY ZONE. Close to -61.8 and -76.8.
I am thinking in several take profit.
1TP 0.18
2TP 0.30
3TP 0.50
4TP 1 dollar
When?? that's the question that no one can answer, but be prepared this will happen very very soon.
SHR - 0.2735SHR is currently trading above the support zone of $0.0857 which is a weak support. It has successfully flipped the resistance at $0.0726 to support. $0.0726 and $0.0857 are good areas to place long bids. As long as SHR is above $0.0726, we could start seeing a move towards $0.1069, $0.1162, $0.1624, $0.2180 and $0.2735. Failure to hold the support at $0.0726 could lead to a drop towards $0.0550.
SHR is currently trading at $0.0940 with a market cap of $229,154,161. Its 24 hour trading volume was $3,376,523.
SHR setting up for a massive bullrun (800%+ potential) Recently we've seen SHR retest (and briefly break) its previous all time high in dollars. I consider this to be the first test. If it manages to strongly push through that all time high then it will be in full on price discovery mode and the sky will be the limit. Aiming for around $0.20 - 0.25 as a local top in this case. Keep in mind that this is the ultimate bullish scenario and possibly not the most probable one.
The bounce from the bottom came as Launchpool announced its staking program, allowing SHR holders to stake their coins for a massive (currently over 200%) APY paid out in LPOOL tokens. This staking program will continue for another 70 days from today, and I think that as long as this is the case, people should be FOMOing into SHR as it is still only 2x from the bottom and it has such a tiny marketcap. The real marketcap is much lower than the one reported on CMC, as the real circulating supply is actually estimated to be around 400m - 600m, giving SHR a tiny marketcap of only ~$20m. As far as entry points go, anywhere between $0.035 and $0.04 (the current range) is a good buy.
SHR/USDT - Wait is over this one is breaking out!Breaking out, been highly suppressed. High quality project with tons of FA including Tencent and Rakuten partnerships, yes real ones not the crypto kinds.
This will look to reclaim levels above but have 2 entries at the 2 levels on the chart and a stop below 1.8c
Trade, Chart, Learn, Repeat
Coach K
SHR Left For Dead?My Fellow Crypto Traders,
Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
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ANALYSIS:
SHR seems to have formed a base @$0.18, and should look to push up to the upside to make higher highs. For sure a solid short term hold
SHR: Great Entry @ These LevelsMy Fellow Crypto Traders,
Appreciate you taking the time to view my analysis in which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
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ANALYSIS: (Update)
After SHR hit a good swing to the upside, it hit a new ATH of $0.0528 (previous ATH per CoinGecko $0.05190, 08/ 01 /20). Hitting those ATH levels, SHR took nearly a 50% correction. However, SHR has formed a base around the $0.025 level and should make strides back up towards ATH's. Therefore, SHR may dip below the POC @ $0.026, where buyers will find SHR at a good value in which SHR will be on the path to higher highs and higher lows.