SHPINGUSD trade ideas
SHPING 6h Chart Long for 270%?Figured i would publish this idea on SHPING since i just got done working on it. Not Financial Advice, Im not a Financial Advisor.
That being said I personally am loading up in discount orange, scalping carefulling in yellow, and offloading in green while preparing for the big move.. if it ever happens of course.
Have Fun and Trade Safe!
SHPINGUSD 12/11/2024SHPINGUSD 1HR Chart Analysis
Overview:
This analysis examines the shorter-term price movement for SHPINGUSD on Coinbase.
Price Action Summary:
• On December 7th, 2024, SHPINGUSD reached new highs for the day but subsequently entered a downtrend, dropping below the 50-day EMA over the next two days.
• Over the past three days, the price consolidated sideways, forming what appears to be an Inverted Head and Shoulders , a bullish reversal pattern.
• This is encouraging as the daily chart indicates a strong uptrend.
Current Market Dynamics:
• Today, the price broke above the neckline of the Inverted Head and Shoulders pattern.
• The breakout is supported by:
o Increased volume
o The MACD shifting into bullish territory
o Support from the 10-day and 50-day EMA
Projection:
If the price holds above the neckline and the support levels (10-day and 50-day EMA), a strong move north toward 0.0141 is likely.
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Trade Setup:
• Entry Price: 0.011361
• Stop-Loss: 0.010865 (-4.13%)
• Target Price: 0.014114 (+24.23%)
• Risk-Reward Ratio: 5.55:1
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Summary:
SHPINGUSD has shown bullish potential after breaking out of an Inverted Head and Shoulders pattern on the 1HR chart. The breakout is confirmed by volume, MACD, and EMA support. Holding above key support levels could lead to a significant upward move.
SHPINGHello, here i present to you my analysis on SHPING Token.
This token is available on Coinbase and other top exchanges.
First and foremost, this is not financial advise. All financial decisions are
your sole responsibility. This is simply and analysis and opinion.
My analysis is displayed on a 3 day time frame chart.
As you can see Shping has broken an almost 2 year old trend line (in blue).
It can be interpreted as a descending wedge pattern, as price action moves
in a way where it reaches an inflection point and the price action is compressed into
a tight trading range. This technical pattern is usually followed by an explosive
move to the upside.
For the past 4 mnths price action has gone flat between the levels of 0.006 ( in white)
and 0.004 right bellow (in gold). Thus the 0.004 area can be seen as a high interest level since it has been support and resistance for many months.
This has resulted in an inverted Head and Shoulders formation which you can see highlighted
in white.
What we want to see now, and what i expect, is for price to begin making higher highs and higher lows. This would validate that bulls are now in control and that price will appreciate in the future. Once price breaks and holds above 0.006, we can see impulsive moves to the upside.
The RSI in yellow looks to indicate higher highs.
The MACD illustrates the same while also showing higher lows in price.
This hidden bullish momentum.
SHPING could be a winner. 10M market cap currently.
shping scalpsStraight up scalps on this trade, entry on point with the nice U support
we could see this push all the way up to $0.015--$0.017
some resistance around $0.008--$0.0092
Zoom in for scalps and out for swing to see what I see on this trade
currently watching this on a 15 minute chart even though its posted as a 4hr chart for visual
just a prime push for this coin don't lose your bags trying to hold onto this but we will see a push just like we saw SPELL and DNT push up over 50% gains in the day.
good luck and have fun with it
Very interesting bull flag pattern on sh p i n gShop is a pumper coin always has been but it's been printing some interesting both legs lately high volume and volatility coming in I think something big is going to happen it's printing tons of triangles with in ascending triangles indicating an upward movement of significance is coming but this coin is very volatile make sure to set immediate stop losses and take profits as this is going to be a big pump and dump
Hey you yeah you fuel the rocket 🚀My presentation before was not the best in detail so here I will give you an example. Basic a to b location trend Buy low Sell high.
Whatever you're willing to risk adds to the fuel on how high the rocket goes.
Selling always limits the books so hold long or sell it's your choice.
I'm diversified across 173 cryptocurrencies at the moment with a minimum of $100 in each. As long as 20% of my holdings in all coins rallies up I'm good.
Never touch my Bitcoin for ethereum unless it's at the end of a wave cycle.
This crypto could go 5X or 500x depending on the volume and how long you're willing to hold. Market cap very low and volatile so scalping is usually profitable. Inevitably it will Short squeeze and are you willing to hold a 500x position. Personally I would leave at least $1,000 -$2000 in long-term and never touch it. Trade separately with however much you choose and make money on the go. Happy trending