SHIBUSDT is BullishSHIB is looking good for another move up, RSI is reset after divergence occurred on 1H time frame, bulls are in control of the price action and the momentum would take price to new highs. Targets are mentioned on the chart.
SHIBUSDT.PS trade ideas
ShiabWe are still in the triangle
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Shiba finally goes up...
Shiba Potential Upward Move in the Works? (UPDATE) CRYPTO:SHIBUSD : Potential Upward Move in the Works?
This update focuses on the potential price movement of Shiba (SHIBUSDT) in the next 24 hours. After a period of consolidation, the SHIB/USDT chart suggests a possible movement to the upside.
Why This Might Happen?!
Bitcoin Momentum: The recent rises in Bitcoin's price often influences the broader market, including meme like Shiba.
Increased Trading Activity: Growing transaction volume and market capitalization across the cryptocurrency space could fuel a more intense and rapid upward movement for SHIB.
Important Note: This is just an analysis, and future price movements are never guaranteed. It's crucial to do your own research before making any trading decisions.
Good luck!
SHIBA INU: ABOUT TO MOVEIn just a matter of hours or days, we are going to see a significant movement.
Trade with caution.
SHIBA INU Pre-Bull Run [SHIB/USDT]Looks like Shiba has just past a significant cycle mark and the push is still in the infancy stage but looks confirmed. This thing could move very fast. I opened trades on this back in summer 2023. Excited to see what develops. This is just a secondary pattern- not the macro. Will post more as we get confirmations on these price movements.
1Price set to breakout then pull back into the shake out zone where it will see up and down momentum (designed to shake out weak hands) then break out again to the target. Once at the target this is where we can begin t see what shapes for the future.
SHIB BREAKOUT IN 1H TIME FRAMEShiba Inu is trending in Triangle in 1h timeframe, which might breakout soon, you can go for a long position.
Entry point is given in chart
Targets : 0.000038, 0.000040, 0.000042
(Spot and low leverage trade)
Is Shiba Poised for a Potential Breakout?BINANCE:SHIBUSDT
Is Shiba Poised for a Potential Breakout?
Shiba is currently showing signs of accumulating strength and potentially gearing up for an upward move. The price appears to be forming a bullish triangle pattern, and a surge could be imminent once it breaks through the triangle's bottom trendline. This potential breakout is further bolstered by the support of the 120-day moving average, which often indicates an underlying uptrend.
3 Key Points:
Shiba Coin might be forming a bullish triangle pattern.
Price could rise once it breaks through the triangle's bottom.
Support from the 120-day moving average adds to the bullish signal.
Remember: This analysis is for informational purposes only and shouldn't be taken as financial advice. Always do your own research before making any investment decisions.
Double BottomFormation: The Double Bottom pattern is formed after a downtrend and consists of two distinct troughs (or lows) at approximately the same price level, separated by a peak (the "bottoms"). The line connecting the peaks is called the neckline.
Reversal Signal: The Double Bottom is a bullish reversal pattern, suggesting a potential change in the trend from bearish to bullish. The confirmation of the pattern occurs when the price breaks above the neckline. This breakout is seen as an indication that buying interest has overcome selling pressure, potentially leading to an upward trend.
Volume: Analyzing volume is often crucial when identifying the Double Bottom pattern. Generally, traders look for an increase in volume as the price breaks above the neckline, supporting the validity of the reversal.
Target: The distance from the neckline to the bottoms can be measured and then added to the breakout point. This measurement provides an estimate of how far the price might move upward following the breakout.
The Double Bottom is one of several chart patterns used by technical analysts to make predictions about future price movements. Like all technical analysis tools, it's essential to consider the pattern in the context of other indicators and market conditions. No pattern guarantees a specific outcome, and risk management is crucial when making trading decisions.
SHIBUSDT - Bullish patternAre you ready for what is coming?
Always look for BTCUSD pair to know where the market is heading.
Shiba Inu (SHIB) Eyes Potential Price Surge Targeting $0.00015Optimistic about SHIB's potential, suggesting a price target range of $0.00015 to $0.00022 in the near future.
ShibaSwap Ecosystem : The launch and ongoing development of ShibaSwap, a decentralized exchange (DEX) built for SHIB, is fostering a more robust ecosystem around the token. Users can stake SHIB on ShibaSwap to earn rewards, increasing demand and potentially driving the price up.
SHIB/USDT A successful Break the supply, Indicating Continue UP💎 SHIBA has recently exhibited significant market dynamics. Currently, it is encountering resistance at the supply area, with the previous attempt to breach it at 0.00388 resulting in rejection.
💎 If SHIBA manages to successfully break above this supply area, confirmed by a daily candle closing above it, there is probability for SHIBA to continue its upward movement and reach our target area.
💎 However, if SHIBA fails to break out above the supply area, there is a likelihood of price rejection and a subsequent decline towards the demand area. Notably, SHIBA has yet to retest the demand area after its significant breakout in the past.
💎 The demand area holds crucial significance for SHIBA, as a bounce from this level would signify strength and an attempt to re-challenge the supply area.
💎 However, failure to sustain above the demand area, resulting in a breakdown, would signal a bearish sentiment. This could lead SHIBA to revert to a bearish trend, potentially prompting further downward movement towards the support area, or even lower levels.
SHIB Analysis: Breakout Confirmation and Potential UpsurgeThis analysis examines the recent breakout of Shiba Inu (SHIB) and assesses its potential for further upward movement.
Previous Analysis Validation:🫶🏻💪🏻
The previous analysis successfully predicted the price reaching the anticipated weekly resistance level.
Breakout Confirmation:📊📈
The recent breakout above the weekly resistance level confirms the bullish trend reversal.
Breakout Confirmation:
The recent breakout above the weekly resistance level confirms the bullish trend reversal.
4-Hour Trendline and Triangle Pattern:✅
A breakout above the current 4-hour trendline is expected to further validate the uptrend.
A successful breakout from the triangle pattern also indicates a continuation of the upward momentum.
RSI and Risk Considerations:⛔
The RSI indicator is not yet in the overbought zone, suggesting that there is room for further growth.
However, the lack of strong momentum warrants a cautious approach to entering new positions.
Conclusion:
The successful breakout of Shiba Inu BINANCE:SHIBUSDT and the bullish technical indicators suggest a potential for further upward movement. However, traders should exercise caution due to the absence of strong momentum.
This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and employ sound risk management practices before trading.
🔥 SHIBA Bull-Flag: Patience For Break!Together with many memecoins, SHIB has seen a siginifficant bullish move lately. However, SHIB has been consolidating for a few days at this point.
In the process, a bull-flag pattern has been formed. For this signal we're going to wait for SHIB to break through the top of the pattern and place our stop below the most recent swing low.
Target at 7500. I don't think the memecoins have stopped, but are merely preparing for their next leg up.
SHIB/USDT RALLY?SHIB potential move up into the .00003618 - .00003874 range.
4hr bullish engulfing candle, 4hr RSI is gaining momentum and the 4hr MACD is losing bearish momentum.
Stop loss set at $0.00003051.
Entries consisting of limit orders in the $0.00003285 - $0.00003425 ranger.
Stay grateful and patient :)
SHIB/USDT - Long IdeaA meme coin, funny right? Well, a setup is a setup and this meme coin tends to make some drastic funny moves.
Shiba has been coiling up since the beginning of the week, and its likely for it to start making some moves to the upside in the upcoming week. 45-50 is a reasonable target zone. Good luck!
- not financial advice
SHIB (Shiba Inu) Technical Analysis#SHIB has decisively broken out of its extended sideways consolidation, signaling a strong bullish shift. This analysis examines how to capitalize on this momentum by employing price action strategies in the context of the current range breakout. We'll focus on reading price action to identify opportune entry points. Be mindful of expected volatility, and prioritize rigorous risk management practices.
Disclaimer: This analysis serves as a technical perspective and should not be interpreted as direct financial advice. Cryptocurrencies carry inherent risks. Always seek guidance from a qualified financial professional and thoroughly assess your individual risk profile before any investment decisions.
"Let's be realistic with SHIB" - Is 2400% realistic enough ?#SHIB/USDT #Analysis
Description
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+ SHIB is currently looking to breakout from its resistance zone
+ I see a clear bullish divergence with the RSI and price. Overall SHIB is showing a bullish signs
+ For the long term trade, i'm planning to enter a position at the current price.
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VectorAlgo Trade Details
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Entry Price: 0.00001133
Stop Loss: 0.00000767
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Target 1: 0.00001371
Target 2: 0.00001601
Target 3: 0.00001956
Target 4: 0.00002466
Target 5: 0.00002976
Target 6: 0.00003944
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Timeframe:1W
Capital: 1-2% of trading capital
Leverage: 3-7x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Shiba to 0.00004807???? FibIntroduction:
Shiba Inu (SHIB) has captured the attention of cryptocurrency enthusiasts with its recent price movements. In this technical analysis, we'll explore the potential for SHIB to reach the level of 0.00004807 against its trading pair. Utilizing key technical indicators, we aim to provide insights into the possible direction of SHIB's price action.
Analysis:
Support and Resistance Levels: Upon examining the historical price data, we identify significant support at 0.00004200 and resistance at 0.00005000. These levels are crucial in determining the potential movement of SHIB towards 0.00004807.
Moving Averages: The 50-day and 200-day moving averages indicate a bullish sentiment for SHIB, with the shorter-term average trending above the longer-term average. This suggests positive momentum in the short to medium term.
Relative Strength Index (RSI): The RSI currently stands at 60, indicating a neutral stance. However, the RSI has been trending upwards, suggesting increasing buying pressure and potential for further price appreciation.
Fibonacci Retracement: Applying Fibonacci retracement levels to SHIB's recent price action reveals that the 0.00004807 level aligns closely with the 38.2% retracement level. Historically, this level has acted as both support and resistance, adding significance to its potential impact on SHIB's price movement.
Conclusion:
Based on our technical analysis, there is a compelling case for Shiba Inu (SHIB) to reach the level of 0.00004807 against its trading pair. Key indicators such as moving averages, support/resistance levels, RSI, and Fibonacci retracement suggest a bullish outlook for SHIB in the near term. However, traders should exercise caution and conduct their own analysis before making any investment decisions.
Made by AI
Shiba to 0.00005222Introduction:
Shiba Inu (SHIB) has captured the attention of cryptocurrency enthusiasts with its recent price movements. In this technical analysis, we'll explore the potential for SHIB to reach the level of 0.00004807 against its trading pair. Utilizing key technical indicators, we aim to provide insights into the possible direction of SHIB's price action.
Analysis:
Support and Resistance Levels: Upon examining the historical price data, we identify significant support at 0.00004200 and resistance at 0.00005000. These levels are crucial in determining the potential movement of SHIB towards 0.00004807.
Moving Averages: The 50-day and 200-day moving averages indicate a bullish sentiment for SHIB, with the shorter-term average trending above the longer-term average. This suggests positive momentum in the short to medium term.
Relative Strength Index (RSI): The RSI currently stands at 60, indicating a neutral stance. However, the RSI has been trending upwards, suggesting increasing buying pressure and potential for further price appreciation.
Fibonacci Retracement: Applying Fibonacci retracement levels to SHIB's recent price action reveals that the 0.00004807 level aligns closely with the 38.2% retracement level. Historically, this level has acted as both support and resistance, adding significance to its potential impact on SHIB's price movement.
Conclusion:
Based on our technical analysis, there is a compelling case for Shiba Inu (SHIB) to reach the level of 0.00004807 against its trading pair. Key indicators such as moving averages, support/resistance levels, RSI, and Fibonacci retracement suggest a bullish outlook for SHIB in the near term. However, traders should exercise caution and conduct their own analysis before making any investment decisions.
Made by AI
