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Shibainu

SHIB's Bullish BreakoutRecent market analysis of SHIB indicates a bullish sentiment as the pair experiences an upward trajectory. The price action has shown a positive change, complemented by significant trading volume, pointing towards sustained interest and potential for further gains. The Bollinger Bands suggest a close watch, as the price approaches the upper band, typically a sign of overbought conditions. However, the confirmation of trend direction should be sought with additional indicators. The MACD supports the bullish outlook, with the histogram above zero and the MACD line crossing above the signal line, indicating increasing bullish momentum. Additionally, the RSI sits below the overbought threshold, currently leaving room for further upward movement without being overextended. A recent breakout above a key resistance level could signal the continuation of the bullish rally for SHIB, although it's important to seek further confirmation to validate this trend. Moreover, it's crucial to consider the correlation with Bitcoin's price movements, as shifts in the leading cryptocurrency often impact altcoins like SHIB.
by MonoCoinSignal
4
Under PressureThe SHIB 4-hour chart indicates that SHIB is in a phase of equilibrium, with the indicators collectively suggesting a market in search of direction. The price is trading just below the simple moving average (SMA), which typically suggests a balance between buyers and sellers, but also signals that the bulls have not yet gained full control to push the price upward with conviction. The proximity of the price to the upper Bollinger Band, while not touching it, implies that there is some buying pressure, but not enough to break the solid resistance. The volume is quite substantial, which sometimes can precede a significant move, but for now, it hasn't translated into a breakout, which is what traders might be watching for. The Stochastic Oscillator and the Relative Strength Index (RSI) are both in neutral territory. This alignment shows that while there has been recent buying and selling activity, neither side is dominating, leading to a consolidation pattern on the chart. Given that the MACD line is at parity with the signal line, as indicated by the histogram at zero, there's no immediate momentum favoring either a bullish or bearish move. This, combined with the RSI and Stochastic Oscillator’s neutral readings, paints a picture of a market that is currently undecided. Overall, SHIB is in a holding pattern, with the indicators waiting for a catalyst that could define the next clear move. The key levels to watch are the solid resistance above and the strong support below. A break above the resistance could signal a shift to a bullish sentiment, while a drop below the support could usher in bearish momentum. For now, the indicators suggest watchfulness and caution as SHIB navigates this zone of indecision.
by MonoCoinSignal
2
Lukso Soon to be listed on Uphold which is one of the few crypto onboarding exchanges that US residents can purchase coins and tokens directly from their bank accounts. This is a chart from Gate.io showing a pretty solid falling wedge pattern. In which the price action has came back down to the entry zone and is retesting the falling wedge. Falling wedge patterns have around a 70% chance of breaking bullish and have multiple ways to find targets upon breakout to where the price action will likely end up during the next extension wave. You can find the first target area by measuring the mouth of the falling wedge opening. This is the area at the top of the wedge which the upper trend line is drawn from the BODY of the candlestick on the chart. You can use a trend line to start this measurement. The second point you will want to extend your measurement trend line to is the beginning of the lower falling wedge trend line. Again, only measure from the top candle body to the bottom trend line candle body. Then you will want to grab the measurement trend line you have just created and place it on the breakout of the wedge. This is the area at the bottom of the wedge that the price action has broken above the top of the wedges trend line you have drawn like in the chart we have here. Your first target will be the top of this line. A few tips, in some occasions you will see that the measurement trend line should have been placed on the lowest point that the price action has came back down after the breakout of the upper trend line of the wedge. The best tip I can give you is this…. If the breakout (the first candle to fully breakout of the wedge and close on a higher time frame than at least 2hr unless you’re trading patterns under the 1hr during intraday trading) breaks out with heavy green volume that supersedes all of the other volume indicator candles during the time period the wedge was formed, it is very likely that the pattern breakout should be measured from this breakout area. If the volume is not at the Brest candle, you may want to measure from the lowest point that the candles retested. The only problem with this is that you cannot predict the future and will not be sure if it will retest the top of the trend line at all. Especially on lower time frames, the price action often goes directly to the target. So, choose, are you a breakout trader? Or are you a retest pattern trader? Then stick to your trading plan. Keep a trading journal and then switch to the other strategy and find out which works best on which asset you’re trading and stick with that. I often will go back and backtest the other strategy every month just to make sure the one I chose is still the better of the two. Ok, back to some fundamentals. I don’t want to make this post too long consider the majority of us that came later than boomers have an attention span of 7 seconds lol (we all need to work on this, especially doing something that can be stressful when you’re just learning how to trade! Personally, I meditate and do yoga . If you saw me you’d never guess that’s what I do to get my head right and back on track. This has increased my win rate greatly and is arguably say it is one of the most important parts of my strategy!) anyways, I’m just going to leave a link here for coin market cap so you can do your own research on this coin and a link to uphold if you’re in the states to use. Link to coin market cap, read the white paper, check out the community and the devs, what is the utility, what does the project set out to do? Do they have any partners? If so who and how big could the integration of the utility in this token get if the partners fully utilized it? All in all, learn as much as you can! Then come back here to TV and add any new related post alerts to your profile. TradingView has everything you need to do all the fundamental research also, unfortunate I am posting this from my phone and it was easier to put the link to CMC for this. I’d suggest you use TV for everything and pay for premium! It’s worth it just for the alerts! I am in no way an employee of TradingView nor do I benefit from saying this unless you were to use my link to sign up. You’re welcome to but, by no means am I asking you to! Here’s a link to uphold for all the people in the U.S. looking to get into this coin! I hope your enjoyed this post, let me know in the comments what you think!
LLong
by Crypto_Kinfolk
SHIB/USDT upward momentum? 🚀SHIBA Today Analysis💎 Paradisers, take note as #SHIBUSDT is on the move. After climbing out of a descending channel, it's currently challenging a key resistance at $0.00002961. Breaking through this level could pave the way for a bullish advance beyond. 💎 In light of market fluctuations, should SHIBAINU face hurdles at this resistance, we may need to rethink our strategy. A bullish recovery from the support at $0.00002803, where the price has previously stabilized, is on our radar. 💎 Falling beneath this crucial support could hint at a shift towards a stronger bearish trend, marked by increased selling. Staying vigilant and adaptable is vital as we navigate the changes in the #SHIBA market.
Long
by MyCryptoParadise
4
Shib/Usdt Idea Shib/USDT Technical Analysis: The Shib/USDT trading pair is currently witnessing a pivotal moment as its price is situated on the cusp of a potential breakout. Specifically, the price of Shib/USDT is attempting to surpass the trendline resistance level on the 4-hour time frame chart. If this breakout successfully materializes, market analysis suggests a potential bullish rally ranging between 30% to 60%. It is important to note that trading and investment decisions should not solely rely on this analysis, as unexpected market movements can occur. This information is provided for educational purposes only and should not be considered as financial advice. We recommend conducting thorough research and using risk management strategies when making trading decisions.
Long
by Crypto-By-Ghazi
1
SHIBUSDT Shiba- Don't Miss Out! Buy Now for the Next HUGE PUMPInvestor attention is currently fixated on Shiba Inu (SHIB), and for good reason. Analysis reveals a prime opportunity for substantial gains, with an estimated 90% pump expected in the near future. Positioned within a huge area ripe for exponential growth, SHIBUSDT presents an unparalleled opportunity to potentially double your investment. The combination of market dynamics, increasing investor interest, and a surge in trading volume indicates an impending bullish rally. With the potential for such significant gains, now is the time to capitalize on this trading idea. Don't miss out on what could be a lucrative opportunity to maximize your returns with SHIBUSDT.
Long
by MOAZAM1133
2
💎 BTC/USDT - Another Bullrun Ahead ? (READ THE CAPTION)By checking the Bitcoin chart in the weekly (logarithmic) time frame, we see that the price after correction to $60,800 was again accompanied by demand and is currently in the range of $67,500! There are only 25 days left until the Bitcoin halving and we will probably see extreme price fluctuations before and after the halving! According to the previous analysis, the next possible targets of Bitcoin will be $77,700, $79,000, $85,000 and $100,000 respectively! “Glassnode data indicates a decrease in Bitcoin transfer values compared to the 2021 peak, suggesting investors are waiting to sell at higher prices. This aligns with Blockware Solutions’ analysis, which interprets the trend as a strong market confidence and a reluctance to sell Bitcoin.” Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
7
SHIB look bearishConsidering the lower L's, it seems that SHIB intends to move towards the specified demand By maintaining the supply range, it can drop the demand side. Closing a daily candle above the invalidation level will violate this analysis Note that the financial market is risky, so: Do not enter any position without confirmation and trigger. Do not enter a position without setting a stop. Do not enter a position without capital management. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
Short
by iMoneyTeam
1
💎 MPC/USDT - Bull move Ahead ? (READ THE CAPTION)After checking the chart of a new cryptocurrency named MPC/USDT (Partisia Blockchain) , after this cryptocurrency was listed on the Kucoin exchange, it was accompanied by a strong growth and was pumped by about 360%! After this growth, the price fell again and filled this liquidity gap! Now a new LV has been created and I expect that if the price stabilizes above the $0.43 level, this cryptocurrency will grow again, and its possible targets are 0.507, 0.54, 0.5920 and 0.65, respectively! Its long-term target is also above 1$! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
KUCOIN:MPCUSDTLong
by ArmanShabanTrading
5
💎 BTC/USDT - BITCOIN will reach $100K ? (READ THE CAPTION)By checking the Bitcoin chart in the weekly (logarithmic) time frame, we see that the price after correction to $60,800 was again accompanied by demand and is currently in the range of $67,500! There are only 30 days left until the Bitcoin halving and we will probably see extreme price fluctuations before and after the halving! According to the previous analysis, the next possible targets of Bitcoin will be $77,700, $79,000, $85,000 and $100,000 respectively! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
3
Shiba Inu (SHIBUSDT): Potential Bounce Back After Correction?Shiba Inu ( BINANCE:SHIBUSDT ) has reached a confluence of support levels after a recent price correction. This includes the support and resistance zone, daily and weekly pivot points, and potentially multiple micro, mini, and macro chart channels. Positive Influences: Support Levels: Reaching these support zones often indicates a buying opportunity for bulls. Bitcoin's Rise: Historically, strong performance by Bitcoin can sometimes lead to positive movements in altcoins like SHIB. Increased Trading Activity: Rising transaction volume in SHIB/USDT suggests growing interest from buyers. What to Waiting For? Channel Breakout: A decisive break above the upper channel line could signal a stronger upward trend. Liquidity Rise: Increased trading volume (liquidity) often accompanies significant price movements. Important: This analysis is for informational purposes only and not financial advice. Past performance is not necessarily indicative of future results. Do your own research before making any investment decisions.
Long
by Arash-RK