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SHIBUSD trade ideas
$SHIB volume on selling is not bad 2 of few2
Sitting on some cash as we took SOME #crypto longs off as we clearly posted that $BTC was looking weak
Will look for new positions, sticking with what works
$SHIB broke out on daily with GOOD volume
Unless a change not much selling
Things cool off, put money back in this
#Shibarium #Shiba
SHIBA: BULLISH FLAG PATTERN - LONGBullish Flag Pattern on Shiba Inu coin for a possible Long continuation.
A bull flag is a bullish chart pattern formed by two rallies separated by a brief consolidating retracement period. The flagpole forms on an almost vertical price spike as sellers get blindsided from the buyers, then a pullback that has parallel upper and lower trendlines, which form the flag.
$SHIBUSD - Long Trade IdeaI am looking for a potential break of the downtrend line.
I am a bit early into this trade without waiting for proper confirmation (shame on me), so I must watch this closely and monitor for the potential downside.
I am looking to see a retest of the previous pivot high, which coincides with Alchemy Level.
Above that, I am predicting a nice squeeze to the first target.
Do you see it. Support the test and bulls will chargeCalled Aptos perfectly before the pump because my wife is my trading advisor. Now she says its shibs turn so buckle up and show your support.
300% to 500% is what my wife is betting on the next few weeks. Lets just see what happens next.
Going LONG with 30k
Using the wife indicator LOL>...
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.
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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.
SHIB MAY RALLY ANOTHER 40% IF THE PRICE WILL DO A BREAKOUTSHIB is an important structure. The price is playing inside a nice parallel channel where the current market price holds the upper boundary and the resistance is formed on the daily timeframe. If the price can do a bullish breakout here, then we may see a nice rally to the upside which can push the prices by 30%-40%.
But the prices and the bullish closings of recent daily candles are following a neutral or bearish sentiment by respecting the upper boundary and the resistance formed. If the price still manages to respect the upper boundary and the resistance as a sell zone, there we may see another bearish trend that can revisit back toward the support highlighted.
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