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SHIBA INU / Pepe on Ethereum (0x248823df26180700e56f632dd7fa64a4d63f9db1) in USDSHIBA INU / Pepe on Ethereum (0x248823df26180700e56f632dd7fa64a4d63f9db1) in USDSHIBA INU / Pepe on Ethereum (0x248823df26180700e56f632dd7fa64a4d63f9db1) in USD

SHIBA INU / Pepe on Ethereum (0x248823df26180700e56f632dd7fa64a4d63f9db1) in USD

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SHIBPEPE_248823.USD trade ideas

Retracement? Or bearish continuation?We’re in tricky waters right now. We have a long term bullish divergence in price action indicating a relief rally is upon us, at the same time there are substantial bears in the market hanging out around the 0.000015 supply zone that have been down badly on their investment for over a year now still looking for a gracious exit out of the market. Short term, we have a bearish divergence over the last month. Medium term, we have a hidden bearish divergence (lower high price, higher high oscillator) that has been developing for several months now. I think this phase in crypto right now is make or break for another bull run, or maybe Punxsutawney Doge has seen his shadow and we ought to be sheltering in place for an extended winter. We have a massive bullish divergence on the weekly, Indicating selling pressure may be alleviating. Or the last few months have simply been a redistribution phase leading to one more drop in price. DXY has been rallying. It is still in a medium term uptrend. DJI and SPY are struggling to move above the 50 week moving average. All I know is, once the tug of war is over, the next move will be BIG. Which direction? I dunno. But I’m trading both sides.
COINBASE:SHIBUSD
by czdubs5377
2
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COINBASE:SHIBUSD
by PayItForwardLending
SHIBUSD Potential for Bullish Continuation | 30th January 2023Looking at the H4 chart, my overall bias for SHIBUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a buy stop entry at 0.00001295, where the recent high is, we are looking to take profit at 0.00001518, where the previous swing high is. Stop loss will be placed at 0.00001111, where the previous overlap support is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
COINBASE:SHIBUSDLong
by FXCM