#SHIB/USDT LONG#SHIB
The price has been moving in a descending triangle pattern since April 2022
In a way that respects the occurrence of the triangle on the frame of 3 D
And empty the downtrend was broken strongly
Moving Average 100 is being broken
Price Now 0.00000893
First Goal 0.00001076
Second Goal 0.0001448
We have oversold on MACD
And a strong upward trend
Shibainu
💎 BTC: Bitcoin Will Reach $77,000 or $28,000 ? (READ Caption)With the new analysis of the Bitcoin chart in the weekly time frame, we see that the price, based on the analysis we had, finally managed to hit the target of $44,000 and even managed to record the price of $45,000! Based on my view on the chart, I have determined the important levels of supply, demand, possible targets, etc. that we will address! Currently, the price has reached the supply range of $44,290 to $48,300, as you can see, the initial reaction to this range was corrective! The first support in front of the price range is $35,630 to $38,430. If the price corrects to this range, we will expect an increase in demand! The next possible upward targets are $48,560 and $53,210, respectively, if the desired support is maintained, note that the price level of $53,210 is an important supply level that you can consider for the SELL position! The next mid-term targets are $57,700 and $62,300 respectively! If we want to look a bit more optimistic and long-term, the target of $77,000 will not be far from expectations! Note that this analysis was done in the weekly time frame!
Please share your opinion about the possible trend of this chart with me and support us with your likes and comments.
Best Regards , Arman Shaban
Shiba Inu Burn Rate Soars 83000% As Whale Shifts 4 Trillion SHIBShiba Inu Burn Rate: Shiba Inu has gained significant traction within the broader crypto market as the SHIB burn rate rockets to 83000% amid major whale activity.
Shiba Inu Burn Rate: One of the most popular meme coins, the Shiba Inu cryptocurrency, captivated significant attention throughout the broader crypto market today. With the Shiba community witnessing a colossal surge in the SHIB burn rate, a whale transaction detected also appears to have stirred up speculation among crypto market enthusiasts.
Furthermore, with the SHIB tokenomics witnessing a gust of developments, the token’s price also appears to have surged phenomenally. Meanwhile, the price also ditched one zero from its value, igniting interest among crypto traders and investors.
SHIB Burn Rate Surges Amid Whale Activity
The Shiba Inu burn rate over the last 24 hours catapulted a whopping 82896%, evoking bullish market sentiments among crypto market fanatics. Moreover, the token noted 23 million SHIB coins burnt at the time of writing. In the interim, the community marked a total of 410.67 trillion coins burnt from the initial supply.
What’s even more intriguing is Whale Alert, a platform providing on-chain data, recently revealed a massive whale transaction amid the burning of coins. Concerning the data, an unknown wallet, 0xda2d9398…95bbe536f9, transferred 4.23 trillion SHIB to another wallet, 0x824ca70d…d5d9d066cd. The coins transferred amounted to $42.21 million as of today, December 9.
The colossal whale activity amid the meteoric burn rate appears to have triggered an immense bullish market sentiment for the SHIB token. Furthermore, it also seems like the token is eyed by many smart money wallets, aligning with its price pump.
Shiba Inu Price Maintains Price Rally.
The self-proclaimed Dogecoin killer, Shiba Inu’s price noted a jump of 3.02%, reaching $0.00001033 at the time of writing. Besides, the coin also marked a substantial increase of 23.12% during the past seven days, accompanied by a monthly pump of 19.91%.
Moreover, the token also shredded a zero from its value recently. Although the coin’s price underwent volatile trading in recent weeks, the SHIB cryptocurrency appears to be portraying a promising outlook in the near future.
SHIB/USDT Anticipating a Bullish Breakthrough? 👀 🚀SHIBA INU
💎Yello Paradisers, let's dive into #SHIBUSDT latest market moves. Currently trading in a demand zone, It is gearing up for a critical test of its supply level. A successful breach could pave the way for a robust bullish movement.
💎 Tracing #SHIBAINU recent path, we've seen it adeptly navigate a descending trendline. It recently broke above this line and, following a retest, continued its bullish trajectory. Now, as CRYPTOCAP:SHIB approaches the supply zone at $1141, a slight pullback might occur before it potentially breaks through, which could lead to tackling a more formidable supply level.
💎 But let's not get ahead of ourselves. In the unpredictable world of crypto, #SHIB traders need to be ready for various possibilities. If CRYPTOCAP:SHIB struggles to surpass the supply zone and loses momentum, pivoting to a recovery plan from the support level of $962 is crucial.
💎 Importantly, a downturn below this support level would signal a need for a strategic overhaul. Such a turn might mean reassessing the bullish outlook and tweaking trading strategies to align with the evolving market scenario. 🌴💰
SHIBA INU Technical Analysis and Trade Idea SHIBDelving into the dynamics of Shiba Inu, this video offers a keen analysis. While recent trends have favored a bullish run, the current scenario unveils a pivotal moment as SHIB encounters a significant resistance level. Throughout our discussion, we dissect the prevailing trend, intricate price actions, market structures, and explore potential trade concepts.
It's paramount to clarify that this video serves an educational purpose solely. Its insights are not intended as financial advice but rather as a guide through the intricacies of market analysis and trade strategies.
SasanSeifi 💁♂ SHIB / USDT DAILY Hey there! In the daily timeframe, as you can see, the price has been accompanied by buying demand from the 0.00000670 range. With the break of the 0.00000733 resistance, it managed to move into the supply zone. Currently, after the growth from the supply zone, it has encountered negative reactions and is trading in the price range of 0.00000770, indicating a range-bound movement.
A potential scenario to consider in the daily timeframe is as follows: If, after the consolidation, the price can break above the significant resistance range of 0.00000800 and consolidate, there's a possibility of further growth towards the specified targets, as shown in the image. The important support ranges are at 0.00000740.
Alternatively, if the price falls below the support range and consolidates, there's a possibility of a price correction to the support zone at 0.00000670. The potential trend is also depicted in the image above.
As always, it's essential to conduct your analysis and consider additional factors before making any trading decisions. Good luck! If you found this analysis helpful, please show your support by liking and commenting. Thank you! 🚀😊
❌ (DYOR)
⭕Of course, if you have any more inquiries or require further clarification, don't hesitate to reach out. I'm here to assist you!✌
Shiba Inu (SHIB) Failing to Reach New Highs
In comparison to other altcoins, SHIB has shown a less pronounced upward trend. Since October 15, the asset has gained 40%, but its chart is marked by frequent corrective movements, preventing SHIB from reaching new highs.
Currently, the asset is trading within a consolidation range, trapped between a support zone of $0.0000085-$0.0000088 and a resistance zone of $0.00000923-$0.00000964. Should the upward trend persist, SHIB could potentially reach local highs at $0.00000981 and even $0.00001. To attain its 2023 high, the asset needs to increase by an additional 75%, leaving room for considerable growth.
Any corrective patterns in BTC could similarly impact SHIB. In this case, the memecoin might drop below its present support zone, potentially testing levels of $0.00000830 and $0.00000772-$0.00000805. Similar to the situation with DOGE, using limit orders for SHIB currently poses a significant risk.
Step 6 - Go to the Beach! 🏖️😽International cats day yesterday so let's start with something meaningful:
Love and protect animals. We share this planet with them and we tend to be the nasty species. The stupid humans we are, polluting and shitting all over the place till we destroy it together with all life.... we are the 'animals' my fellow humans
Now let's talk crypto:
It all starts with the usual Fomo (Fear of missing orgasms) when Shiba pumps on major news (Shiba going De-fi with Shibarium and Binance gives it a nice boost, check links below).
First thing i do is check fundamentals. They are many and positive (links below) so i say 'Yes, we need to get on this..but how?'
Step 1:
Not eating the FOMO (fear of missing out...)
FOMO is real and is always a bad actor. The beauty of crypto is that you NEVER EVER miss the train! There are always stops to get on the train, in both directions.
Step 2:
Given this I was quite comfortable to take a calculated Short position while some Shiba holders where taking their profits!
Short to 0.0000090 instead of fomo-ing with a tight stop loss and controlled risk.
Step 3:
Taking profit (x6 the risked margin)
I always follow my charts and sometimes i am right, sometimes I am wrong. Close to 0.0000090 was an area that had to be checked as support. And it did. That was time to take profit from short position and finally look for a Long entry which was the Goal.
Step 4:
Time to go Long. That was the plan after knowing the fundamentals. Ethereum dog is a key player, can go strong and i was finally ready to Buy my shares in it. Only this time it was with a x6 budget.
As always the chart is my map to the treasure. Going Long with a calculated risk, on support 0.00000880 and a stop loss just below that
*I am no God, this actually worked the second time! And that's the beauty of it.
Step 5:
Taking profit back to where it all started. If we had entered spot we would had been at break even. Instead we are at a 6x6= 36
ALWAYS secure profit. Thus closing half position while still another half remains open. Always take some profit if the markets have been nice to you. Always leave something open just in case you feel the Fomo again (welcome to crypto!)!
Step 6:
Going to the beach for a break. Unfortunately i don't have a dog but there are other animals there to keep me motivated. Mostly female humans in bikinis.
In the meantime Shiba might take a break now before eventually probably rising to 0.0000111 with a possible new retracement to 0.0000095.
Who cares now? Job is done:
✔️Profit has been taken on short
✔️Profit has been taken on Long
✔️1/2 position is still open
✔️Stop loss is on guaranteeing more profit in any case
Will Shiba go to 1$?
No, it won't. Check it's supply of a billion trillion tokens (on a serious note, the current circulating supply of SHIBA INU is 589 trillion)
Shiba is Ethereum's Dog. Vitalik and his hungry gas fed freaks will feast on anything that burns gas (your money) and makes Ethereum money. Either this is Unibot, Shiba or anything stupid like Xen, some NFTs and all the non-sense out there).
Yes, some of it is GREAT but most of it is non-sense.
Shiba will need to burn a LOT of tokens to rise over 0.0000118..if it goes there first which will depend on BTC and ALTS market in general.
One Love,
The FXPROFESSOR 😽🌭
Links/fundamentals:
Shiba Inu Takes Step to Become DeFi Contender With Digital IDs: www.coindesk.com
Binance approves Shiba Inu as collateral asset: cointelegraph.com
Shibarium Launch Nears: u.today
- don't forget, I was never a big fan of shiba..was actually short for a long time:
LEASH (DOGE KILLER 2023 ) DOGE" refers to both a breed of dog, the Shiba Inu, and a cryptocurrency. The term became widely recognized online due to the popularity of an internet meme featuring a Shiba Inu dog with captions written in a broken English style, known as "Doge meme."
Regarding the cryptocurrency, Dogecoin was created in 2013 as a light-hearted and fun digital currency, initially as a parody or joke based on the meme. However, it gained a substantial following and community support, becoming a legitimate and widely traded cryptocurrency, often used for tipping and charitable donations within online communities.
LEASH (DOGE KILLER) DOGE" refers to both a breed of dog, the Shiba Inu, and a cryptocurrency. The term became widely recognized online due to the popularity of an internet meme featuring a Shiba Inu dog with captions written in a broken English style, known as "Doge meme."
Regarding the cryptocurrency, Dogecoin was created in 2013 as a light-hearted and fun digital currency, initially as a parody or joke based on the meme. However, it gained a substantial following and community support, becoming a legitimate and widely traded cryptocurrency, often used for tipping and charitable donations within online communities.
💎 $ADA : Bull or Bear ? (READ THE CAPTION)By checking the Cardano chart in the daily time frame, we can see that the price with more than 66% growth was able to record the price of 41 cents! Now the price is in a trading range and we have to wait for the price to be stable above or below this range! The supply and demand zones are all marked on the chart and we have to see how the price will react when the price reaches this level!
Please share your opinion about the possible trend of this chart with me and support us with your likes and comments.
Best Regards , Arman Shaban
Shibburn Explodes by 499,416%, Placing SHIB on Verge of BreakoutSHIB dwells around the $0.000008 support area as Shibburn goes parabolic.
Shiba Inu’s official cryptocurrency burning tracker, Shibburn, reported an unforeseen surge in SHIB burning over the last 24 hours. A whopping 264,204,009 SHIB tokens were set ablaze, totaling $2,245 in 13 transactions to dead on-chain wallets. Five hours ago, one Good Samaritan burned 261,408,966 tokens in a single transaction; the SHIB community praised the move on X (Formerly Twitter).
The price roller coaster for Shiba Inu escalates with the canine coin sustaining the $0.000008 key support line for five days in a row. As most altcoins face a slight market correction this Monday afternoon, SHIB picked up 1.3% gains in the last 24 hours and now trades at $0.00000846, according to independent price aggregator CoinGecko.
SHIB Monthly Upswing Bolstered by Shibarium
Besides the burn count, another significant reason for SHIB’s 8.6% monthly increase is Shibarium. The Layer-2 scaling network solution shows high demand for usage in several key metrics: crypto wallet addresses, total transactions, and average block production time.
Currently, Shibarium L2 encompasses over 1.2 million cryptocurrency wallets, while the transaction count recently hit 4,206,686, according to the on-chain signals provided by blockchain explorer ShibariumScan.io.
Shibarium’s average block production time has increased from five seconds to 8.3 seconds, and it currently has 1.83 million on-chain blocks in creation. Notably, this slightly prolonged block production time is concurrent with the increased developer activity on the network
Why This Matters
Cryptocurrency burning is an efficient way of maintaining the coin’s long-term price. Layer-2 blockchains offer builders a wide range of scaling options, while memecoins can expedite this innovation through mass appeal.
SHIB Shiba Inu Price TargetIf you haven`t bought SHIB begore the mega pump here:
Then you need to know that Binance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion.
The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"!
The question arises: from where will these substantial funds be derived?
One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%.
Among the tokens impacted is SHIB Shiba.
I've set a short-term price target for SHIB Shiba at $0.00000700.
Looking forward to read your opinion about it!
SHIB UPDATE (3D TF)Before anything, pay attention to the time frame
What is clear is that SHIBA is inside the big wave B, which is a diametric wave.
The expectation is that wave G will sweep the lower liquidity pool and reach its Fibo support and then enter the big wave C.
The time frame is big, these waves take time.
SHIB Santa - Taking 2 Zeros OutShiba Inu ( SHIB ) is coming to town.
This Christmas, forget about Santa!
Shiba is what we need.
Another :poop: coin that will take away two zeros.
The patterns are clear. Cryptocurrencies are getting ready for a great '23.
For the record, I'm not a fan of SHIB ( SHIBUSD , SHIBUSDT , SHIBBUSD ).
I am only holding a few millions, like every other HODLer out there.
It has no real purpose, unless it's destiny is to go to Mars.
My next Strong Level: 0.000006 .
BUT! You asked, I deliver .. an analysis on Shiba Inu.
SHIB Technical Analysis:
* Elliott Wave A-B-C Pattern
* Bullish Divergence
* 88.6% Fibonacci Retracement
* Ending Diagonal
* Double Bottom
* Demand Zone
That's it.
Merry Christmas my fellow HODLer!
Shiba Inu (SHIB) On-Chain Surge Hits 500% in Amazing 2-Day RallyShiba Inu (SHIB) has experienced remarkable 500% surge in on-chain transactions in just two days, sparking speculation about token's future trajectory.
In a seismic shift within the Shiba Inu (SHIB) ecosystem, the past 48 hours have seen an unparalleled surge in on-chain dynamics, as whale transactions involving the token skyrocketed by an astonishing 498%.
Shiba Inu, a popular token in the crypto sphere, is making waves with a surge in transactions valued at $100,000 and more, according to on-chain analytics platform IntoTheBlock.
During this whirlwind period, whale transactions injected a whopping $40.93 million into SHIB, exchanging an epic 5.1 trillion tokens. This surge has pushed the total daily transactions to an astonishing 6.38 trillion tokens, equivalent to a staggering $51.71 million.
This surge in on-chain activity coincided with a noteworthy price rebound for SHIB. After a brief setback where the token experienced an 8.2% loss on Tuesday, it rallied impressively, gaining 6% over the next two days. This resurgence brought SHIB's value back above the critical threshold of $0.000008 per token, reigniting optimism among the Shiba Inu community.
We are now closely watching whether this rally in on-chain transactions is a precursor to sustained positive momentum for SHIB. The main questions looming are whether the token's price recovery will persist and if it can fully recover from the losses incurred on Tuesday. The surge in whale transactions suggests renewed interest in SHIB, prompting speculation about potential future developments and positive market sentiment.
The next few days are poised to be crucial in determining whether Shiba Inu's newfound momentum is a temporary phenomenon or the beginning of a sustained bullish trend.
$SHIB - Up or down? Bias leans up.This chart is a tossup for me. However, I lean bullish here.
To me, it looks like CRYPTOCAP:SHIB has 1 more leg higher to go before turning bearish over the short term.
As you can see on the chart, price has held that bullish trend line. RSI is completely bottomed out on lower timeframes which to me indicates a move higher needs to happen before price can fall lower here.
I lean towards a move higher to that $.00001074 area to mark off a high on the short term.
The bearish scenario would be a break of the trendline and then falling to that lower support area. After that region gets tapped, then I think the higher target will play out.
Let's see what happens.