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SHIBA INU / WRAPPED BNB on BSC (0X49859419C83465EEEEDD7B1D30DB99CE58C88EC3) in USDSHIBA INU / WRAPPED BNB on BSC (0X49859419C83465EEEEDD7B1D30DB99CE58C88EC3) in USDSHIBA INU / WRAPPED BNB on BSC (0X49859419C83465EEEEDD7B1D30DB99CE58C88EC3) in USD

SHIBA INU / WRAPPED BNB on BSC (0X49859419C83465EEEEDD7B1D30DB99CE58C88EC3) in USD

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SHIBWBNB_498594.USD trade ideas

SHIB/USDT (Shiba Inu) - 4-hour timeframe - RSI 1. Price Action: Current Price: SHIB is trading around 0.00001693 USDT. It is currently moving along an upward trendline after a sharp pullback from the recent local high near 0.00001900. Uptrend Support: There are two upward trendlines: One is more short-term, providing immediate support close to the current price. The other trendline is more long-term, extending from the lows around 0.00001200 from July, offering stronger long-term support. The price has bounced off the more recent trendline multiple times, indicating that buyers are stepping in to defend these levels. 2. Support and Resistance Levels: Resistance: The first resistance is near 0.00001750–0.00001800, where the price has been rejected multiple times in the recent past. A stronger resistance lies around 0.00001900, where SHIB faced its most recent peak before pulling back. Support: The short-term support trendline is around 0.00001670, which SHIB has respected during recent corrections. The longer-term support level is around 0.00001400, where there is also a horizontal support zone. 3. RSI (Relative Strength Index): Current RSI: The RSI is at 46.69, slightly below neutral. This indicates that SHIB is not in overbought or oversold territory, meaning the price could move in either direction. RSI Trend: The RSI has been declining from overbought conditions (above 70) after the recent price rally. If the RSI continues to drop below 40, it may indicate increasing selling momentum. 4. Potential Scenarios: Bullish Scenario: If SHIB holds above the short-term trendline (around 0.00001670) and the RSI bounces higher, there is potential for the price to test the resistance at 0.00001750. A break above this could push SHIB toward 0.00001900, where it last faced rejection. Volume Confirmation: Increased buying volume would confirm the potential for an upward move, signaling that buyers are stepping in. Bearish Scenario: If SHIB breaks below the short-term trendline, it could retest the stronger support around 0.00001400, where the longer-term trendline and horizontal support align. RSI Below 40: A continued decline in RSI below 40 would indicate increasing selling pressure, confirming a potential bearish scenario. Neutral Scenario: SHIB could continue consolidating between the 0.00001700 support level and the 0.00001800 resistance level, trading in a range as market participants wait for a clearer direction. This scenario is supported by the neutral RSI and the general consolidation pattern. 5. Key Trading Signals: The chart also shows RSI-based entry (RsiLE) and exit (RsiSE) signals. Currently, an RsiLE (buy) signal was triggered recently, suggesting potential upward momentum based on the RSI levels. However, since the RSI is still in neutral territory, this signal might not be as strong without additional confirmation from the price action. 6. Conclusion and Strategy: Current Bias: Neutral to Slightly Bullish SHIB is holding above the short-term trendline, suggesting that buyers are defending this level. The RSI is neutral, indicating that the market could move in either direction. Key Levels to Watch: Resistance: 0.00001750–0.00001800, followed by 0.00001900. Support: 0.00001670 (short-term trendline), 0.00001400 (long-term trendline and horizontal support). Strategy: Consider a long position if SHIB holds above 0.00001670 and starts to show signs of strength, with a potential target around 0.00001750 and 0.00001900. Use a stop-loss just below 0.00001650 to minimize risk in case of a breakdown. For a short position, consider entry if SHIB breaks below 0.00001670, with targets around 0.00001400, and set a stop-loss above 0.00001700 to protect against a false breakdown. In summary, SHIB is at a critical juncture. A breakout above resistance or a breakdown below support will determine the next major move, with the trendlines providing clear guideposts for traders.
GEMINI:SHIBUSD
by Stoxello
1
SHIB/USDT (Shiba Inu) price action1. Price Action Overview: Current Price: SHIB is trading around 0.00001753 USDT after a recent pullback from its local high. Recent Spike and Retracement: SHIB had a sharp upward move, but it faced resistance near 0.00001900. After hitting this resistance, the price retraced back to the current level. Now it’s consolidating while testing support and trendline areas. 2. Support and Resistance Levels: Resistance Levels: 0.00001900: The price faced resistance around this level after the recent upward spike. 0.00002000: This is a psychological resistance zone and a key level to watch if SHIB breaks higher. Support Levels: 0.00001700: This is a support level where the price is currently holding. It is also supported by an upward trendline (blue line). 0.00001500: If the price fails to hold the current support, the next level to watch is around 0.00001500, where there’s additional support from both a horizontal level and a rising trendline. 3. Trendline Support: SHIB is currently testing support from an upward-sloping trendline, which has been respected multiple times. As long as SHIB stays above this trendline, the broader trend remains bullish. Confluence of Support: The trendline support and the 0.00001700 level provide a confluence of support, making this a key area to watch for either a bounce or a breakdown. 4. Volume Profile: High Volume Nodes (HVN): The volume profile on the left indicates significant volume around 0.00001600–0.00001700, which aligns with the current price area. This suggests that there’s buying interest at this level, and it could act as support. Low Volume Areas (LVA): Above 0.00001900, the volume tapers off, meaning that if SHIB breaks above this level, it could rise quickly toward 0.00002000. 5. RSI (Relative Strength Index): RSI at 47.45: The RSI is near neutral but slightly rising from oversold territory, indicating that the selling momentum has eased, and a potential reversal could be in play. Previous RSI Behavior: When the RSI has been in oversold levels (below 30), SHIB experienced a bounce, while overbought conditions (above 70) led to corrections. Currently, the RSI shows room for upward movement before becoming overbought. 6. Moving Averages: 50-period and 100-period Moving Averages: The price is trading near the 50-period moving average (blue), which has acted as a dynamic support level. If the price holds above the 50-period MA, this could signal a continuation of the uptrend. 7. Potential Scenarios: Bullish Scenario (Bounce from Support): If SHIB holds above 0.00001700 and the trendline support, it could retest resistance at 0.00001900. Next Targets: A break above 0.00001900 would target the 0.00002000 psychological level, with the potential for further gains if there’s strong buying volume. Bearish Scenario (Breakdown Below Support): If SHIB breaks below 0.00001700 and the trendline, the next target is 0.00001500, where the next support lies. A break below 0.00001500 could lead to a deeper correction toward 0.00001300. Neutral Scenario: If SHIB continues to consolidate around 0.00001700–0.00001800, it could remain in a range-bound state, with the next significant move being dictated by broader market conditions. 8. Conclusion and Strategy: Current Bias: Neutral to slightly bullish as SHIB is holding above key trendline support and the RSI is indicating potential for upward movement. Key Levels to Watch: Support: 0.00001700 (current level) and 0.00001500 (next strong support). Resistance: 0.00001900 and 0.00002000. Strategy: Consider a long position if SHIB holds above the 0.00001700 support, with targets at 0.00001900 and 0.00002000. Use a stop-loss below 0.00001700 to minimize risk in case of a breakdown. Overall, SHIB is at a critical juncture, and the next few candles will provide more clarity on whether it can bounce off the support or see further downside.
GEMINI:SHIBUSDLong
by Stoxello
1
Analysis of Shiba Inu (SHIB) to USD based on the provided 6-hourCurrent Price: Shiba Inu is trading at 0.00001890, showing a decline of 3.05% on the day. Recent Movement: The price has recently experienced a short-term upward spike, followed by a retracement. Technical Indicators: Heikin Ashi Candles: Heikin Ashi candlesticks are smoothing out price action. While some bullish movement is visible, the recent pullback suggests indecision and potential retracement after the spike. RSI (Relative Strength Index): At the bottom of the chart, the RSI (Relative Strength Index) is at 61.79, which indicates the price is approaching overbought conditions but not yet extremely so. Typically, an RSI above 70 signals overbought conditions, while under 30 indicates oversold. SHIB is nearing an overbought range, meaning further upward potential may be limited in the short term unless there’s strong buying momentum. Support and Resistance Levels: Key Resistance: The immediate resistance level is likely around the 0.00002000 level, which is psychological resistance and also aligns with the recent high. Support Levels: There is a rising blue trendline, providing support in the longer term. This trendline, which extends from previous lows, currently sits much lower around 0.00001200 and represents a major level of support. A pullback toward this area could present a good buying opportunity for longer-term investors. Moving Averages: 200-Period SMA: The 200-period SMA is not displayed in the chart, but the support levels from the rising trendline could act similarly. A sustained move above the recent highs will be crucial for validating the continuation of a bullish trend. Market Sentiment: Bullish Speculative Interest: The spike suggests that speculative interest is growing for SHIB, likely due to retail investors looking for short-term gains. However, such spikes are often followed by corrections, so traders should be cautious about jumping in at the current price. Risk Management: Stop-Loss: If you decide to go long, consider placing a stop-loss below the rising trendline (around 0.00001200) to minimize potential downside risk. Take-Profit Levels: For short-term traders, if the price breaks 0.00002000, aim for take-profit targets around 0.00002500 or higher. Short-Term Strategy: Neutral until there's a breakout or a pullback to support levels. Go long only if the price breaks above 0.00002000 or dips to strong support. Long-Term Strategy : Long, as long as SHIB holds the rising trendline and support levels. Consider accumulating on dips. Conclusion: Short-Term: SHIB is showing bullish momentum, but the recent pullback requires caution. Watch for a breakout above 0.00002000 or a dip back to support levels near 0.00001500–0.00001700 to potentially take new positions. Long-Term: The long-term outlook remains bullish as long as the price holds above the blue rising trendline and key support levels. This analysis suggests watching the price action closely to confirm whether the recent bullish momentum will continue or if a deeper pullback is imminent.
GEMINI:SHIBUSD
by Stoxello
Can SHIBA have its 2020/21 DOGE moment??Shiba Inu (SHIBUSD) is making a strong bullish case this week as not only did it break above its 1W MA50 (blue trend-line) for the first time since mid-August but is also testing the Top of its 7-month Channel Down, all while being supported by the 1W MA200 (orange trend-line). This Channel Down is, on the larger scale, nothing but a Bull Flag, the kind of pattern that precedes aggressive rallies and bullish extensions. In fact if we compare Shiba's Cycle since its October 2021 Top, we see strong similarities with Doge's (DOGEUSD) true expansion Cycle in 2018 - 2021, where it achieved its strongest recognition/ adoption. An (a) top led to a (b- f) Channel Down that priced the Cycle's bottom and after a 1W Golden Cross, it formed the Bull Flat that SHIB is in right now, which initiated its hyper aggressive parabolic rally to the Cycle Top. As a result, being still below its 0.5 Fibonacci retracement level, Shiba is massively undervalued in cyclical terms and technically if the Bull Flag breaks to the upside, the rally that will follow can target the 1.5 Fibonacci extension at 0.00035, just like Dogecoin did in January 2021. Do you think it will replicate this pattern or the market cap would be unrealistic? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:SHIBUSDLong
by TradingShot
10
Shiba Inu: Long-Term Trading Outlook with Key LevelsAnalyzing Shiba Inu for potential long-term trading opportunities. The red and green lines on the chart highlight crucial zones where price most probably could react, offering insights for both bulls and bears. These levels may be the key to understanding where the market could head next. Curious about how these lines are drawn? Feel free to drop your thoughts in the comments, and follow for more in-depth analysis! Disclaimer: This is not financial advice. Always trade responsibly!
COINBASE:SHIBUSD
by Remora_traders
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CRYPTO:SHIBUSDLong
by Pan_empp
1
SHIBU BULLISH - SHORT TERM JUMPBased on the technical signals, we're expecting a 5-15% bullish run that coincides with our Ultra Bull signal. These signals are designed to identify institutional support in the near term. Overall outlook is somewhat bearish, but this could be an interesting swing trade. Based on the trading chart for SHIB/USD on the 1-hour timeframe from Coinbase, here is a technical analysis: Trend Overview: - The chart shows a general downward trend for SHIB/USD over the past several months, with the price consistently declining from late April through mid-August. - The presence of multiple "ULTRA BEAR" labels indicates a strong bearish sentiment during this period, as the price continued to drop with little to no significant bullish reversals. - There are a few instances where "ULTRA BULL" signals appeared, but they were short-lived and did not significantly change the overall bearish trend. Technical Indicators: - All three moving averages (EMA, SMA, VWMA) are showing values around 0.00001414, 0.00001413, and 0.00001413 respectively. These averages suggest that SHIB/USD has been consolidating at these levels recently, but the overall trend has remained bearish. - MACD (Moving Average Convergence Divergence)**: - The MACD value is extremely low at 0.00000002, which might indicate a lack of momentum in either direction. The MACD histogram also suggests minimal bullish or bearish momentum currently, aligning with the sideways movement seen in the last part of the chart. Backtesting and Performance Summary: - The backtesting section shows a net profit of $63,957.81 USD (6.40%) with a profit factor of 1.99. This indicates that while the strategy was profitable, it involved significant risk as evidenced by a maximum drawdown of $37,610.82 USD (3.62%). - The average trade is worth $1,827.37 USD, with an average trade return of 1.83%. This suggests that the trading strategy applied has been more consistent with small, but positive gains. Key Observations: - **Bearish Dominance**: The consistent appearance of "ULTRA BEAR" labels reinforces the dominant bearish trend. The few "ULTRA BULL" signals indicate minor, short-term recoveries but are not enough to reverse the overall trend. - **Consolidation Phase**: In the latter part of the chart, there seems to be a phase of consolidation where the price is moving sideways, with the price struggling to move above the resistance levels. - **Potential Reversal**: The last "ULTRA BULL" signal around mid-August suggests a potential, though tentative, shift towards a bullish phase. However, this would require further confirmation by breaking key resistance levels and seeing sustained upward movement. Conclusion: The overall sentiment for SHIB/USD remains bearish, with occasional short-term bullish signals that have not yet resulted in a trend reversal. Traders should be cautious of the current consolidation phase, and any significant movement above the resistance levels would be needed to consider a bullish trend. For now, the prevailing bearish sentiment suggests that downward pressure may continue unless a strong reversal signal emerges.
COINBASE:SHIBUSDLong
by UltraAlgo
4 to 1 Reward vs. Risk $500 SHIBA TRADE AT 20X.Shiba Inu is very popular in Japan, and with the economy spiraling into the depths of despair in Japan right now, it's only a matter of time before the Japanese people will be flooding into assets in an attempt to preserve their buying power. I think Shiba Inu will be one of the beneficiaries of this coming flight to safety. Don't follow my trades; come up with your own ideas. Don't be a follower—be a trailblazer! Good luck!
COINBASE:SHIBUSDLong
by MetaShackle
4
Shib will rocket!This could be the very bottom of the most volatile ride you will take in a while; news sources say we must break 0.000019 in order to reach 0.000020s and the 0.000030s. I recall seeing volume in the trillions of dollars for the past 5 months, this is a rocket being fueled in its baby stages of growth. Shib will rocket because Bitcoin will continue to dominate in this changing economic system. Please take a brief moment to review this simple chart analysis. This is not financial advice; I am simply speculating and adding up the numbers. Invest your own money at your own risk.
COINBASE:SHIBUSDLong
by CEO_Alvarado
SHIB Up Up Up and Away Only Believers Will be Here to StayPrice has been pushing up for a few days now and this has been great. I am still conducting research and analyzing SHIB, but do have some thoughts currently. I am thinking, SHIB is likely to continue higher after it has a decent pull back. This might happen at the 0.000015 to 0.00002 lvl. There are those that likely bought at 0.000006 or somewhere near here and will likely keep holding as long as price keeps pushing higher. If price starts ranging or has a strong push lower, there will be a lot of people who might get shaken out. Now if and when price starts pushing higher, there will be those that have been holding SHIB for a while, who will likely exit because they want to get away from the regretful feeling of getting in and having to hold for so long, to those that just want to breakeven. After these players are shaken out, I am thinking, that once price starts pushing higher (because the players that want to be in for the long haul will take the price drop as a discount to buy more) price will push back near the 0.00002, the hype might start increasing and people will come in and likely pump it up to around 0.00005. Once this happens, there will likely be another drop, to around the 0.00003 lvl, and then another pump to 0.00005. Once this is cracked, there will be a lot of news about how SHIB could drop another 0, price will pump up a little higher, then FOMO will start hitting the coin. If this happens around or near the BTC halving, price could pull back and then hit 0.00015. This would push SHIB to be the 3rd Crypto by market cap on the list, but that's if the other coins don't have similar moves as SHIB, which I think the other coins market caps will push higher also (which will likely put SHIB around the 7th or 8th position). These are my thoughts and trading carries a lot of risk. Do your own due diligence before following anyone of taking there advice and manage your own risk according to what suits you. Have some great trading own there.
COINBASE:SHIBUSD
by DollarSaenz
5