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SHIBUSDT trade ideas

SHIB Price AnalysisShiba Inu is currently priced at $0.00003266, boasting a market cap of $19.28 billion and circulating supply of 589.29 trillion tokens. Over the last 24 hours, its value has dipped by -4.34%, and throughout the week, it's down by -13.37%. Reviewing the past week, SHIB experienced a breakout to $0.00004541, swiftly followed by a rejection. The RSI is now edging below 70 levels, indicating a shift away from overbought conditions. Presently, SHIB is in a consolidation phase, forming a triangle pattern with lower highs and higher lows. There's anticipation of an imminent breakout within the current price range, provided the meme frenzy persists. As a prominent meme coin on the Ethereum chain, particularly post the recent Denton upgrade, a positive trend is foreseeable for Shiba Inu.
Long
by Mudrex
SHIB: Keep an eye on this level! (Updated Chart)If you're looking to trade SHIB at the moment, here's a quick setup that you might find helpful! The idea is: Buy when the price breaks above 0.00000356$ and take profits at the levels shown in the chart. Targets: 1. 0.00000368$ 2. 0.000004$ 3. 0.0000044$ ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
Long
by MBM_Crypto
2
Indicators Suggest Cautious Optimism for SHIBIn the last 48 hours, BINANCE:SHIBUSDT has experienced fluctuations on the 4-hour chart, recording values at $0.00003352, $0.00003286, $0.00003187, $0.00003457, and $0.00003426 respectively in its latest sessions. This shows a mix of bullish and bearish sentiments, with a notable rebound after a dip, indicating a possible indecision in the market sentiment. The 9 EMA (Exponential Moving Average) and 20 EMA provide insight into the short-term and medium-term momentum. The 9 EMA values are slightly above the 20 EMA values, which suggests a potential bullish crossover. However, the proximity of these EMAs indicates a fragile bullish sentiment that requires further confirmation. The MACD (Moving Average Convergence Divergence) values are hovering just above and below the signal line, indicating a market that is in a state of flux without a clear direction. The histogram values, negative in the latest periods, suggest that bearish momentum is still present, albeit waning. The RSI (Relative Strength Index) ranges from 44.99 to 54.31. This suggests that SHIB is neither in the overbought nor oversold territory, providing a neutral stance but leaning towards a bullish bias with the latest uptick. Considering the resistance and support levels, the Shiba Inu price faces immediate resistance at $0.00003607, followed by a more formidable barrier at $0.00004382. On the downside, support levels are found at $0.00003102, $0.00002794, and $0.00001910. These levels are crucial for traders to monitor as breaches or bounces could dictate the next significant price movements. For potential entry and exit points, traders might consider long positions if SHIB shows strong momentum above the 9 EMA and challenges the immediate resistance levels. Conversely, short positions could be considered if the token fails to maintain support levels, especially if accompanied by increasing bearish volume and MACD divergence. In summary, while technical indicators show a mix of bullish and bearish signals, the current market setup suggests cautious optimism with a keen eye on identified support and resistance levels. Traders are advised to look for confirmation signals and consider volume trends and MACD indicators for potential trading opportunities.
Long
by StevenWalgenbach
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!
Long
by Arash-RK
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.
Long
by Moorsc0de
4
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.
Long
by Arash-RK
20
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.
Long
by soni57