1000SHIBUSDT.P trade ideas
SHIBUSDT UPDATESHIBUSDT has made a weekly retracement since its recent bearish impulse to the downside, price is now currently testing the 0.618 fib in confluence with previous weekly support now acting as resistance, If we take a look at the 1D TF (left) we can notice how price is testing the long term descending trendline and potentially forming a new lower high, we also have a nice W formation on the neckline in which we expect the market to complete at the neckline giving us our first potential downside target - looking at the 30m and 1h TF we can see how yesterday price broke above the micro trend which would have induced a large amount of bulls into the market. Watching for a push above the highs on the 30M and 1H for a finaly induction then we will be potentially looking for shorts. ONLY if our other entry rules are met.
Busy day ahead again for global markets, in terms of fundamental events.
Yesterday we saw the US inflation data push the crypto and indices market up (which is currently seeing heavy correlation) Today the Labour market data will be published and there is a high probability it will have a opposite reaction. Eyes on the NY session open.
SHIBUSDT 1D long setup; Broke and retest of TL and support zoneTA explained
SHIB did a complete pullback to the previous level of structure which was formed during the strong uptrend back in October. Now price broke the descending trendline and retested it on a price level which aligns with former support zone.
Targeting the FIB pullback levels of the correction. SL just below latest low.
Trade setup
Entry zone: 0.027143 - 0.030170
TP1: 0.043510
TP2: 0.049759
TP3: 0.058656
SL: 0.024999
RR: 8.73
Max leverage: 1
—————
MDSquared Crypto Lounge
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
IS SHIBA INU BULL RUN OVER OR STILL SOME FUEL LEFT? Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this SHIB/USDT Update. SHIBA INU was the hottest and most profitable cryptocurrency of 2021. Currently, it is almost 70% down from its ATH and trading around $0.28
Right now it's trading inside bull flag structure and bouncing off from its middle line. If Shib breaks and closes below this midline of the bull flag then it might touch the bottom line and we can expect more downside.
If you want to buy SHIB then you can buy some in the given range with a tight SL.
Entry range:- $0.27-$0.285
Target:- 200-300%
SL:- $0.26
If SHIB breaks the middle line and hit our SL then my next buying zone is around $0.2-$0.22 with an SL of $0.18
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
💥SHIBA INU - BEST TIME TO BUY?🤔Please support this idea with a LIKE👍 if you find it useful🥳
Not a financial advice🙅🏼♂️
As shown on this chart, we have shiba at the demand zone where it respected the zone 3 times.
Price is still at the zone accumulating for the next leg up.
Do you think this support zone is going to reverse price back up to ATH or it will fail?
What do you think?
Share your opinion in the comment section✍️
Follow me to receive more updates on SHIBUSDT ( SHIBA INU ) 🤗
Happy Trading💰🥳🤗
LONGJust gearing up, as we can observe it moved from the trend lines. the volume is very well goo enough as the holders are now strongly believing shib for its ecosystem, now the path move away from trend line, if it breaks we can see lower level in coming days. AS month is reaching it al crypto stocks are preparing for closing candle. cheers up. SHIB is strong
1000SHIB USDT UPDATEHello friends,
Welcome to our 1000SHIB USDT 4hrs chart.
As we are seeing in the chart how the BULLISH FLAG is being formed.
Price is currently Retesting near Support 1.
If the prices move above the support 1
by retesting then we can see a 100% jump in the price.
But if price breaks support1 while retesting it
and goes down and breaks support 2 also then this chart will be
considered invalid.
Thank you
and
God bless you all.
SHIB Updates kindly LIKE, COMMENT and FOLLOW me..
Reasons: Simple Clean Chart..
SHIB seem to be trading within a falling wedge,
currently at a local support of 0.032
Now! A 4hr candle close @0.39 will signify more upside if enough volume to push through the hard resistance
Also, a strong support at @0.30,
A break below this level with a solid 4hr candle close.. might not be too good! means more down side..
eyes on price actions and confirmations! in coming days
Generally, We hope for more bullish news and activities to push the price upwards
Pls note: NFA
Kindly do your own research
