Bearish Pattern Noticed in Shib Inu Coin We are assuming that we would take short trade on shiba Inu because as per dow theory is heading towards short momentum.
SHIBUSDT trade ideas
SHIB/USDTShifted my radar to SHIB and going long, chart looks great and with a nice break out on pattern.
trade with caution.
Shiba Inu (SHIB) price predictionShiba Inu (SHIB) managed to climb past a short-term range and has gained 15% since the low it posted on Friday the 12th of July.
In doing so, it has outperformed Pepe (PEPE) in the short-term, and its on-chain metricssignaled that more gains were likely.
The week’s trend sometimes gets established on Mondays. What is the SHIB price prediction, and should traders anticipate a strong bullish run soon?
The recent report highlighted the short-term bullish metrics of SHIB and how they generated a buy signal. On the 12-hour chart, a session close above the range highs at $0.000017 has occurred.
The Awesome Oscillator also noted a bullish crossover and was rising higher to reflect the growing upward momentum. The CMF has been above +0.04 over the past week, a sign that buying pressure was consistent.
This concerted effort has begun to pay dividends. To the north, the $0.00002-$0.000021 supply zone was the immediate bullish target.
The higher timeframe charts such as daily and weekly showed that the memecoin has not bucked the gradual downtrend it has been on since April.
The liquidations chart showed short positions liquidated in the late hours of Sunday, which should fuel further price hikes.
Overall, the wider market disbelief might be turned into FOMO if Shiba Inu continues to climb.
SHIBA/USDTTechnical Analysis: SHIBA/USDT
{{ Shiba is just a memecoin, so don't gamble with your capital }}
A long term deal
Attention!!!
The digital currency market has a smaller volume than forex
So consider crypto only as holding and not trading.
Before using this signal and analysis, be sure to check your analysis chart.
Attention!!!
In these analyses, only technical analysis is considered
So be sure to check the initial news before entering.
Attention!!!
100% does not exist in financial markets
So don't enter this signal hoping for a definite profit
SHIBA INU HOT UPDATEI'm short now on shiba, MY target is on first zone, cause this gathering of support needs alot of attention, be carefull, this area is very important, the price may reject, or skip this area with high momentum, to skip every one of them, we should get some confirmation to reach SSL to have touch the liquidity zone.
SHIBA/USDTTechnical Analysis: SHIBA/USDT
A short term transaction
Attention!!!
The digital currency market has a smaller volume than forex
So consider crypto only as holding and not trading.
Before using this signal and analysis, be sure to check your analysis chart.
Attention!!!
In these analyses, only technical analysis is considered
So be sure to check the basic news before entering.
Attention!!!
100% does not exist in financial markets
So don't enter this signal hoping for a definite profit
SHIB Possible ActionsPatience is your asset here, nothing crazy happening but SHIB need to cross 2 resistance to go bullish otherwise lower lows will manifest
You might need THIS!SHIB might is in the bul at the moment and might be at the long run. as there are lot of Buy side liquidity however there is only 1 Sell Side Liquidity to be taken then we shoot up.
Expecting a sharp run of liquidity down then we move to the the Buy side liquidity.
Time will tell.
DYOR pls
Shytoshi Kusama Shares Crucial Update on Long-Term Shiba Inu PlaU.Today has prepared the top three news stories over the past day.
Shiba Inu lead shares crucial update on SHIB's long-term plans
In a recent X post, Shytoshi Kusama, pseudonymous lead of the Shiba Inu project, revealed long-term plans for the dog-themed meme token and its ecosystem. Kusama hinted at the core use case for TREAT, the upcoming unreleased token. According to the lead, by using TREAT, Shiba Inu members will be able to access all the ecosystem's advanced features. Additionally, Kusama wrote that the SHIB team is currently finalizing partnerships to "grant full power" to the system they have created. The lead also reminded SHIB enthusiasts that he would eventually have to step away from the project's limelight, as Shiba Inu is approaching the completion of Ryoshi's plan for a decentralized system with no leader. Last but not least in Kusama's X post was the announcement of SHIBACON 2024, the project's own conference that will take place in Bangkok, Thailand, around the same time as DevCon.
SHIBA INU | Short term outlookAfter liquidation, shiba is now on correction trend same as major crypto drivers.
SHIB is ready for PUMP!#SHIB in dayli timeframe is in a bullish structure and recently touched its S2D flip zone and made a SCOB confirmation.
So it can go up from here , specially because of its upside momentum and last downside momentum .
Its not a financial advice ,DYOR.
SHIB looks bearishFrom where we placed the red arrow on the chart, SHIB has entered correction.
Considering the time of the waves and the price range, the correction seems to be a diametric.
The price is expected to reject downwards from the red range.
The targets are clear on the chart.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
SHIBUSDT.1DIn my technical analysis of the SHIB/USDT daily chart on Binance, I focus on the trend behaviors and key indicators that could provide insights into future price actions.
The chart reveals a volatile journey for SHIB/USDT, particularly noticeable in the sharp spike and subsequent fall during early 2024, characterized by point A on the chart. This volatility has since tapered into a descending triangle pattern, indicating a potential continuation or reversal could be forthcoming.
Firstly, let's consider the support (S1) and resistance levels (R1, R2). Currently, the price has stabilized near a critical support level (S1) at approximately $0.00000853. This level is crucial as it has historically acted as both support and resistance, suggesting a strong psychological price point for traders.
Resistance levels are identified at $0.00002019 for R1 and higher at $0.00004567 for R2. Overcoming these levels would require significant bullish momentum, likely driven by broader market trends or specific catalysts affecting SHIB.
The Relative Strength Index (RSI) is near the 50 mark, indicating neither overbought nor oversold conditions. This neutrality suggests a potential for either movement direction, depending heavily on market sentiment and upcoming news or events that could sway investor behavior.
The MACD, while currently below the signal line, shows signs of converging. A crossover above the signal line could be a bullish indicator, suggesting an increase in upward momentum. However, the histogram reflects minimal momentum in either direction, reinforcing the current market uncertainty.
Given this analysis, the immediate strategy would be to watch for a decisive break either above R1 or below S1. A break above R1 could suggest a potential trend reversal, targeting further resistance at R2. Conversely, a fall below S1 could confirm the continuation of the bearish trend, potentially leading to new lows.
In conclusion, my focus will remain on these critical thresholds (S1 and R1), monitoring for significant price movements that could indicate a larger trend change. The balance between observing technical signals and staying informed on market-wide influences will be essential in navigating SHIB/USDT’s future movements effectively.
shibashiba inu technical analysis basically on elliott waves principles
shiba can be make a new high
wait and watch
Shib - Monthly RecoveryShib is another meme coin that has showed recent strength.
On the monthly timeframe it has perfectly retested the 21MA as new support and should be ready for continued upside.
Shiba Inu Coin: Is a Bullish Breakthrough Imminent?BINANCE:SHIBUSDT has shown notable bullish momentum on the 4-hour chart, suggesting potential upward movements in the near term. Recent closing prices indicate a gradual upward trend, with the latest closing price at $0.00001647.
Exponential Moving Averages (EMA) reflect this positive sentiment. The 9 EMA is currently above the 20 EMA, indicating a bullish trend. This alignment suggests that the short-term momentum favors buyers, with the 9 EMA values showing a steady increase, reflecting recent upward price movements.
Meanwhile, the Moving Average Convergence Divergence (MACD) indicator also supports this bullish outlook. The MACD line is above the signal line, with the histogram consistently positive. This configuration indicates that buying pressure is outweighing selling pressure. It also reinforces the potential for continued upward movement.
Relative Strength Index (RSI) values oscillate around the mid-50s, slightly favoring the bullish side without being in overbought territory. This suggests that there is room for further upward movement before any potential reversal or correction.
Key resistance levels to watch include $0.00001659, which is the immediate resistance level. A break above this could pave the way for further gains. The $0.00001714 level is critical, and if the Shiba Inu coin manages to surpass this, it may test even higher levels. Breaking $0.00001731 would confirm a strong bullish trend, likely leading to significant price increases.
On the downside, $0.00001550 serves as the immediate support level. If SHIB pulls back, it may find buyers around this level. The $0.00001309 level is a more substantial support that could provide a strong base in case of a broader market correction.
For potential trading strategies, traders could consider entering a long position if the price breaks above the $0.00001659 resistance level with strong volume. Potential exits could be near the $0.00001714 and $0.00001731 levels. Tightening stops as the price approaches these levels can help protect profits.
On the other hand, a short position might be considered if the price fails to break above $0.00001659 and shows signs of bearish reversal. Covering the short position around the $0.00001550 support level could be prudent. A break below this level might target the $0.00001309 support.
In conclusion, SHIB shows promising bullish signals with critical resistance levels in sight. Traders should monitor these levels closely and adjust their strategies accordingly to capitalize on potential price movements.
Shiba Inu SHIBA lot of folks asking about Shiba Inu at the moment. At this time on the above 2-day chart price action has broken from resistance that began in October 2021.
The question most want answered: Will Shiba (Bro..) pump 1000% like in 2021 from late September until late October? No idea. Anything is possible.
Is it probable? No. Why do I say that?
Let’s look left. Back 2021 there were certain conditions that printed specially on the 2-day chart. Those conditions were:
1) The BTC pair of the token
2) A strong buy signal
3) Strong bullish divergence. Huge.
4) Stochastic RSI was 50+ at the time of the above conditions.
Do all those conditions exist today? No.
Do those conditions exist on other tokens today? Yes.
Yes indeed. As a matter of fact there are 16 tokens currently listed on Binance printing those exact conditions. Two of them have already ‘popped’, GALA and SOL.
What are the other 14? Get this post to 500 likes and I’ll share them below!
Ww
Remember:
Type: trade
Risk: <=6% of portfolio per position.
Timeframe: don’t know
Return: don't know
#shibusdtUpdate Analysis of the price action of #shibusdt (#smart_money):
The support (green) and resistance (red) zones of the #shibusdt react when they are reached. As you pass through each area, the role of that area changes. You can trade between these zones based on your personal strategy.
Shib usdt will drop This is my trading program on Shib, and I expect the price of altcoins to fall even up to 50% in the coming days, and after that, the attractive growth of crypto.
The decline of Shiba Inu is not yet complete.I personally don't trade Shiba Inu, but for those who follow the "Shib," it might be useful to know where the orders are on Coinbase. The approximate downside targets can be seen on the chart and in the order book screenshot from Coinbase.
#Shib #ShibaInu
Shiba Going Lower Low Volume on Bounce: The recent upward movement in SHIB's price is accompanied by low trading volume, indicating weak buying interest. This suggests that the current price increase may not be sustainable.
The RSI is currently at 74.27, which is close to the overbought territory (above 70). This suggests that SHIB may be overbought and could be due for a correction or consolidation.
Further support is around 0.0000120000 USDT, another significant support zone seen in the chart.
SHIB RocketsSHIB is exhibiting strong bullish momentum, with recent price action reflecting a rapid ascent. Key indicators point to robust buying pressure, but significant resistance levels could test the strength of this uptrend.
Technical Insights
1. Support and Resistance Levels:
• Immediate Support: SHIB has strong local support around $0.00001550. Maintaining above this level is critical for continued upward movement.
• Immediate Resistance: The price is approaching solid resistance at $0.00001625. This level could push the price back for a while before any further gains.
• Solid Support: If a pullback occurs, solid support lies at $0.00001450, which could act as a foundation for another rally.
2. Momentum Indicators:
• Stochastic Oscillator: Both %K and %D lines are in the overbought territory, suggesting that a pullback or consolidation might be imminent before the next upward move.
• Relative Strength Index (RSI): The RSI is above 70, indicating overbought conditions. This could lead to a short-term correction or consolidation period.
3. Moving Average Convergence Divergence (MACD):
• The MACD is positive, with a bullish histogram, indicating continued upward momentum. However, the market may see some short-term fluctuations.
Most Probable Market Scenarios
1. Bullish Continuation:
• If SHIB can break and hold above the immediate resistance at $0.00001625, the next target could be higher resistance levels, potentially around $0.00001800.
• Sustained buying pressure and high trading volumes would support this scenario.
2. Pullback and Consolidation:
• Given the overbought conditions indicated by both the RSI and Stochastic Oscillator, a pullback to around $0.00001550 or even $0.00001450 could occur. This would provide a healthier base for future gains.
• Maintaining above these support levels is crucial for preserving the bullish outlook.
Outlook
SHIB is in a strong uptrend with bullish momentum. Traders should watch for potential pullbacks to key support levels, which could present buying opportunities. Breaking through the $0.00001625 resistance will be pivotal for continued upward momentum towards higher targets.
Summary:
• Short-term: Bullish but watch for potential pullbacks due to overbought conditions.
• Mid-term: Holding above $0.00001550 support is key; breaking above $0.00001625 could target $0.00001800.
• Long-term: Sustained bullish momentum depends on overcoming significant resistance levels and maintaining high RSI.
SHIB Flashing a SELL (⊙_⊙)I've been bearish on SHIB since the failed pennant pattern:
We just got a "SELL" alert from the technical indicator in the weekly timeframe. The higher the timeframe, the more significant the pattern / alert.
Watch the BTC on what w need to see after a "SELL" alert to consider this situation turning ack to the upside:
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BINANCE:SHIBUSDT
