Downward trend continues.We are not below the pre-spike level of support. There is nothing to support the price from dropping to pre-sept '21 levels.
SHIBUSD trade ideas
SHIBA, Getting ready for 130% move.....Shiba sit on do or die support level.
There are no complicated thing without pump.
About to crush through the upper floor.It very well could be a blood bath if SHIB breaks through the pre-peak floor. There is no level of support below there until it reaches early 2021 prices.
Shib Inu Target 0.00012500In Spot Shibinu
Buy Cmp 0.00002980
Target 0.00005800
Target 0.00008500
Target 0.00012500
Shiba Inu Running Out of Time... Rally Coming? Or Danger Ahead?!Shiba Inu token (SHIB-USD) has broken even lower as illustrated with the modified primary PURPLE pattern . While we pierced down below our 38.2% retrace mark 3 times now, there isn't anything particularly bullish happening. If that changes, we should start seeing impulsive behavior very soon.
However, there is now an alternate RED pattern , which has us already beginning a deeper C-wave much lower to complete a much lower wave II pullback. We're looking at as much as 62% downside! Because many altcoins have deceptive, unclear charts, I'm relying on BTC and ETH as an indicator on the overall crypto sector sentiment.
At this time, both BTC and ETH are taking an ominous turn, which has the RED alt pattern looking more and more likely each day. If those two display immediate signs of a crash, it is probably best to sell or at least unload part of your holdings in SHIB. If the ensuing crash occurs, you may have a much better BUY opportunity then. What will a crash setup look like in BTC? Check out my just-published chart on that! (We very likely have a 1st-wave down and should see a 2nd-wave corrective bounce upward soon...)
Check out my explainer vid on YT!
I use Elliott Wave analysis to project price levels for different assets and asset classes. EW is a form a technical analysis that is absolutely NOT based on fundamentals. Please be aware that this is not intended to act as financial advice. I am not a trained or certified financial professional. You may invest based on a strategy tailored to your own skill and risk-tolerance levels.
#shibainu #shibainucoin #shibatoken #cryptocurrency
Early arrival of pre peak floor. Shib continues to shit the bed.
Down we go.
If it breaks through that floor we will see a massive drop back to the early days of shib.
Shiba Inu Coin Token Entry Reached Again for a Second Chance!In this video:
* A second chance for all
* Target entry price of .00002937 has been touched again
* I do not feel price will drop any lower
$SHIB GETTING TIGHTSHIBA getting ready for a move as it's really really tight in the descending triangle now. Critical breaking point .
Loves that .00003 line , was previous resistance before massive breakout, now has formed a double bottom (for now) which is bullish confluence. A break above the triangle I'd be starting to add long.
Break below invalidates idea.
Wait for the support zone and then BUY!My prediction for Shib is still bearish bleeding down to the strong support zone at 2826 where bullish trend is gonna follow all the way up and beyond 3068. My idea is based on a 4-hour Fibonacci analysis. If you like my idea please follow me at www.tradingview.com
$SHIB Trible Bottom PatternLooks like a triple bottom pattern established on SHIB. Hoping this indicates a breakout given the strong support level.
The triple bottom chart pattern typically follows a prolonged downtrend where bears are in control of the market. While the first bottom could simply be normal price movement, the second bottom is indicative of the bulls gaining momentum and preparing for a possible reversal. The third bottom indicates that there's strong support in place and bears may capitulate when the price breaks through resistance levels.
There are a few rules that are commonly used to qualify triple bottoms:
There should be an existing downtrend in place before the pattern occurs.
The three lows should be roughly equal in price and spaced out from each other. While the price doesn't have to be exactly equal, it should be reasonably close to the same price, such that a trendline is horizontal.
The volume should drop throughout the pattern in a sign that bears are losing strength, while bullish volume should increase as the price breaks through the final resistance.
Breakout didn't happen.With the breakout failing to happen, and the price dropping to follow the long-term trend, it looks like we will be at pre-peak price (our first real but weak floor). There is little to support the price at that point. This indicates we might see a rapid return to pre-sept 2021 prices before spring. It could be argued that this lower floor is the true value of SHIB.
Next Movement of Shib/UsdAccording to my analysis, there is a bearish peanut in SHIB/USD Chart in one hour. We will wait until its breakout. Maybe it will go to downtrend
SHIB/USDShib is on a strong support and Demand Zone
im just waiting for more confimation on lower timeframe to go Long on Shib.
Breakout of downward resistance didn't happen.All things considered, currently, we are headed to sept '21 prices around Jan 10. There is no more support between here and there. Shiba will likely sink to the 2nd floor after that because there is no support there either.
SHIBA/USD looking for shiba Inu to start Going up from where it is now .
Good time to invest in it according to my analysis unless something happens then it breaks down .but now it is looking
really good
Shiba Inu Price Prediction 2022Shiba Inu Price Prediction 2022-2023
Shiba Inu price started in 2022 at $0.00003380. Today, Shiba Inu traded at $0.00003279, so the price decreased by -3% from the beginning of the year. The forecasted Shiba Inu price at the end of 2022 is $0.00031331 - and the year to year change +827%. The rise from today to year-end: +856%. In the middle of 2022, we expect to see $0.00012788 per 1 Shiba Inu. In the first half of 2023, the Shiba Inu price will climb to $0.00036093; in the second half, the price would add $0.00022046 and close the year at $0.00058139, which is +1,673% to the current price.
$SHIB SHIB holding after wedge breakoutShiba holding nicely after the wedge breakout, bullish confluence for higher price target thesis.
On the broader view, a giant rounded base appears to be forming indicating this basing and accumulation after breakout is prepping for another large run to the upside.
Note, any move to the downside putting in a lower low from December's price action / a break below the thick black line , invalidates the long idea
Given this basing action, my bias is still to the upside.
SHIBUSD: it is already dead.Shiba is already dead and most holders don't even realize it. It was a meme and memes die quickly. Shiba is not shiny and new anymore. It has reached the top 10 in coinmarketcap, what more would you have expected it to do?
Anyway, pump and dump will slowly bleed into nothingness as i witnessed many coins do the same.
$SHIB SHIBA breaking outFalling wedge breakout and bullish confluence MACD cross, technically SHIB looks ready to pivot and begin next uptrend leg.
Looking for a move to .00004800 zone , based on price action will assess a "dead cat bounce" or indeed uptrend confirmed.
Volume shelf has acted as support, gotta go long with stop below here. Great R/R on this trade IMO
Lets see what happens Jan 3-4. Just like in my previous publish when we were approaching a Christmas breakout. The difference this time is that the price is near a line of attraction which the price will gravitate to. This dotted line existed pre-peak as well. If the price is able to break-out past the red line of resistance, we might see another spike up followed by a retraction similar to the Christmas Breakout. The price will pull back within the new lines continuing an overall downward trend albeit at a lesser decline than before. There are two lower floors that exist that I would consider a 2nd chance opportunity for FOMO people to average down, and new people jump in as we head into L2 release.
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