1000SHIBUSDT.P trade ideas
Shiba Analysis 1 (Not looking good)Shiba is showing signs of going down a level before a possible breakout, price is touching key resistance, support and trend lines (orange lines) also retesting on the triangle we had just broken a few days ago and is currently looking like its going to break the pitchfork that the price has been following well, and the MACD speaks for itself most likely will go down, if this goes bellow 0.025800 I will be more bearish..
10.11.2021 - Crypto Day 1WELCOME BACK TO Crypo Universe.
Day 1
Trades: 1
Win: 1
Loss: 0
1. 1000SHIBUSDT
- Trade Idea: Midpoint to Halo of Big Box from H4 Time Frame.
- Trade Objective: Swing
- Trade Setup:
a.) Anatomy Setup at H4 (E2 Entry)
b.) Slide Down to M15 (Anatomy Setup again)
What Went Well:
- Executed and followed the plan.
What Can I impove:
- Remind myself that this is negosyo. The setup is so good that I'm willing to hold (less trades; money made on sitting) BUT THIS IS FUTURE ACCOUNT!!!
- I could gain more if I did momentum.
THANK YOU FOR THIS REMINDER UNIVERSE!!! I'm excited!!!! I can feel it.
***Also in this video - Execution of FTMUSDT for PM trade.
SHIB GETTING READY FOR ANOTHER LEG-UP?SHIB's recent 300% move shocked many traders, however with that move we've seen huge bearish divergence on RSI and many other inidicators and SHIB had to take some rest to correct the bear divergence.
On the hourly chart It looks like SHIBA INU is getting ready for another leg-up, look at the previous legs, whenever we paused and retested the support we've showin massive upside.
With the last correction we have a trendline again and if we break it with volume you can go long on the breakout.
If SHIBA INU can do it again our targets on (1000SHIB) will be $0.0324 - $0.06 ...
Good Luck!
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SHIBNu UPDATE #2 - 10/9/21 (Correction, Double bottom + wedge)Recent idea, there was another double bottom forming, made a mistake identifying the neck line break out which did'nt confirm the double bottom because the price did'nt reach the neck line on close, which made the price drop into a wedge, and now what it seems it looks like its now forming a another double bottom which i believe 100% will confirm and complete since its in a falling wedge, that will lead the break out @ 0.026
Entry: 0.0267
******AFTER A CANDLE BREAKS NECK LINE, THEN CLOSES WITH A SECOND CANDLE ABOVE NECK LINE******* - then make your entry
First TP: 0.029769 (reaching same price as left leg at the start of a bearish candle forming a down trend)
Swing Target recent HL 0.03026+ ( Top of wedge inside the recent triple bottom handle)
Major Swing target: 0.03571+ (Top of first wedge after our major pump)
SHIB sandwiched between two opposing zonesFor a continuation of the uptrend, I would like to see SHIB breaking the supply zone marked in red, for me to start looking for long entries, but if price breaks the demand zone marked in green, we might roll way down. We're up on the daily but LTF can roll and fool us without breaking any important support/resistance zone.
Are you bullish or bearish?
Here is what SHIBA will doRight now SHIBA is consolidating (going sideways) bouncing on and off pretty strong support and resistance levels. Don't take any trades until a new trend is confirmed (long or short) as shown on the chart.
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