SHIBA INU retracing before SHOOTING for previous high at 0.00088The token has cleared previous near equal highs at 0.00061313 before the bears took over so I expect the retracement to last until the range, 0.00055708 and 0.00050039 .
SHIBPERP trade ideas
Don"t be FooledDon't be fooled by the recent pump still in a downtrend if down. If it breaks 0.000028 more downward movements to come. Always buy the low and hold.
SHIBUSD long viewBullish scenario:
• We need to continue this optimistic consolidation from which we expect the next bullish impulse.
• The first target and resistance can be at 0.00004485 from 03 December.
• Our next resistance is at 0.00005500 previous attempts to climb above the MA200 moving average.
Bearish scenario:
• We need a new negative consolidation and a price withdrawal below MA200.
• Break prices below us to the first potential support at 00003444. Additional support in that zone is our MA20 and MA50 moving average.
• We are looking for maximum pullback and support at 0.00002826 place in December lower low.
Shib BreakoutLook at the total supply. Look at the burns. The burns are not even close to 1% so they practically do nothing. Are they better than nothing? Absolutely.
But the circulating supply is going to remain extremely high for many many many many years to come.
You could convince me we can drop a zero in the short term... maybe another zero in 4 or 5 years.
It could potentially reach .01 in under 10 years if two things happen:
voluntary burns finally reach to 50% of supply.
Shib L2 is a huge success and the fees are so low that shib can be actually used as currency. Right now, it's a joke to pay gas fees to buy a cheap t-shirt or movie ticket.
Without those two things happening, we aren't going to see 1$ much less .01 cent.
Don't let this worry you though. Under the current trend since peak, we are looking to hit pre oct '21 prices somewhere in middle of Jan. This means it will be the price that shib clotheslined nearly all of 2021 before the peak.
That might sound like a bad thing but it's not. Shib has massively more reason to rise than it did the last time it was at this price. Because the last time, shib had nothing but hype. Now it DOES have L2 coming. The burns are higher despite not being enough. And more companies are accepting shib as payment.
So this would be your opportunity to buy buy buy....
Less likely but still currently a potential: next week shib prices will intersect with a level of support developed in Oct 21. We could potentially have a Christmas Miracle with a breakout. This would have shib escaping the downward pressure it has been inflicted with. This would see an immediate rise but also a limited opportunity to average down and pile up coin as you would have in the first scenario.
I'm fine with either outcome but I would like to see a Jan firesale.
SHIBThese are levels that I'll be keeping an eye on when dealing with SHIBUSD, and I'll revise as price action progresses.
I adapt to the change in money flow.
It always amazes me when certain news drops come around when price is at key levels. If price action happens to keep forming LHs & LLs I would like to see bearish momentum down to the $0.0--2800 - $0.0--3067 range, and bullish momentum after the 2nd dip & breakthrough diagonal resistance.
*Indecision
*Bullish impulse
*Flag formation
*Liquidity (potential) between $0.0--2800 - $0.0--3067
*Add the fundamentals in for some razzle dazzle 😁
Just my thought's and nothing more, nothing less. We shall see..
Get yourself a Shiba for ChristmasSHIBA in the middle of a 37% gainer. Still 22% left to gain by Christmas.
SHIBA-DAILY: The price tests the resistance at 0.00003790!As shown on the daily chart, the price bounced back up from the support at 0.00003022 to retest the resistance at 0.00003790. If the breakout happens at 0.00003790, we expect the price will go up to retest the next resistance at 0.00004795. If the breakout fails on the other hand, the price will bounce back down again to retest the support at 0.00003022. The main trend on the daily chart is sideways at this moment. The best places to buy more are around 0.00003022 and around 0.00002471. We will update the chart if anything changes.
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Good luck
shiba inu predictionMeme coin ShibaInu bound to shed one more zero in the longterm. I am holding massive buys
BREAK OUT ON SHIBThis asset has found support at 2,780 Satoshis and has broken out from a large descending triangle pattern. Volume had picked up a bit yesterday and we most likely will see a large move with volume today through Saturday.
Buy SHIBU coins to previous heightA nice setup has formed on Shibu which is likely to go and retest the previous height if the demand for this coin keeps climbing.... Trades can be set and ready once it breaks above 0.00003856 level and target profit should be just a little below the previous height since it has been correcting too much👌👌↗
SHIB Ultimate Analysehello, today, we are going to talk about cryptocurrency called Shiba Inu.
There are 5 reasons why i am bullish on this -
1) whales are buying
2) uptrend (always go with trend)
3) good volume
4) listed on Kraken
5) Robinhood will probably list it too
SHIBA/USDWho needs whales with a army..don't worry, greed will blast this off and it's already looking to good i bet for whales to turn a eye from
Shiba Inu Meme TokenThis is the current sentiment at this time/space juncture. The Floor has been reached and on the uptrend at this present moment. Looking forward to retracing it's previous path of highs.
Is Shiba Inu set for a new rally in the festive season? Shiba Inu has halted the downtrend and begun to rally. A bearish triangle kept the price down in the past week, and now bulls are looking to break out.
Shiba Inu was the third most used crypto on the Ethereum network last week, and recently a whale bought $136 million worth of SHIB. It remains close to the original meme crypto Dogecoin. Could it overtake it again?
If the trend is broken, then 0,0000490 could be a feasible target for bulls. If downward price action occurs again, then the price of 0,00003200 will continue to be an important level for bulls to hold. Let’s see how the fun meme crypto performs during the festive season.
