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SHIBA INU / Wrapped Ether on Ethereum (0x2f62f2b4c5fcd7570a709dec05d68ea19c82a9ec) in USDSHIBA INU / Wrapped Ether on Ethereum (0x2f62f2b4c5fcd7570a709dec05d68ea19c82a9ec) in USDSHIBA INU / Wrapped Ether on Ethereum (0x2f62f2b4c5fcd7570a709dec05d68ea19c82a9ec) in USD

SHIBA INU / Wrapped Ether on Ethereum (0x2f62f2b4c5fcd7570a709dec05d68ea19c82a9ec) in USD

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SHIBWETH_2F62F2.USD trade ideas

SHIB: A Roundtrip! Now What? CHASE IT!!We just poked through the MA200 YAY! In the short-term the Choppiness Index fell very low which means that a direction or trend has been chosen (duh lol). However, the RSI is now very high which means that it's overbought (on lower time frames). Feel free to suggest any other indicators that you like to use... Thanks for any comments or guidance, we are here to learn and profit. ______ EDUCATION: "The Choppiness Index (CHOP) is an indicator designed to determine if the market is choppy (trading sideways) or not choppy (trading within a trend in either direction). The Choppiness Index is an example of an indicator that is not directional at all. CHOP is not meant to predict future market direction, it is a metric to be used to for defining the market's trendiness only. A basic understanding of the indicator would be; higher values equal more choppiness, while lower values indicate directional trending." www.tradingview.com
FTX:SHIBUSD
by TTECH
SHIBAUSD | Have we found our bottomHi everyone, First of all unfortunately my first scenario was not validated, it happens and I hope that like me, you will adapt. Then, as this new scenario goes up we are surely on our bottom of the wave 2 so much awaited. Indeed, we have corrected to more than 0.786 of the Fibonacci retracement, this happens and can make us assume that our bottom is finally present. However, let's be careful since it is not unlikely that we will correct beyond that to go for the 100% retracement. To conclude, we note that bullish recovery signals are still missing to clearly define the trend. However, I believe we have already corrected a lot, which gives us the opportunity, if we do the dollar cost average, to smooth out our entry prices. We remain focused and above all we remain cautious. Let's give SHIBA time to validate this analysis. If you agree with this scenario let me know with a like. Otherwise let me know your point of view with a comment, thank you ! (This is my own hypothesis and in no way suggests a buy or sell advice.)
FTX:SHIBUSDLong
by MelvinGst