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Shibainu

SHIB Sells Off After Big Coinbase Transfer: Time to Take Profit?Introduction: The cryptocurrency market has witnessed significant volatility recently, with various altcoins experiencing substantial gains and sharp declines. SHIB has garnered considerable attention among these altcoins thanks to its impressive surge in value. However, recent events, particularly a significant transfer of SHIB tokens to Coinbase, have raised concerns among traders. This article aims to shed light on the situation and encourage readers to consider taking profit from their SHIB investments if they have not already done so. The Coinbase Transfer and Its Impact: In the second week of Aug, a substantial transfer of SHIB tokens was made to Coinbase, one of the leading cryptocurrency exchanges. This event immediately sparked speculation and concern within the crypto community. Such transfers to major exchanges often precede significant sell-offs as early investors and traders look to capitalize on their gains. Consequently, the SHIB market experienced a noticeable decline shortly after the transfer. The Concerned Tone: As a concerned trader, evaluating the potential risks associated with SHIB at this juncture is crucial. While the cryptocurrency's meteoric rise has undoubtedly been impressive, it is essential to remember that markets are inherently volatile and subject to swift changes. The recent Coinbase transfer is a stark reminder that no investment is immune to sudden market fluctuations. Call-to-Action: Taking Profit from SHIB Considering the recent events surrounding SHIB, it is prudent for traders to assess their positions and consider taking profit if they have not done so already. While it is tempting to hold on to an investment that has shown significant gains, minimizing potential losses and securing profits when appropriate is equally essential. If you have not yet taken profit from your SHIB investment, now might be an opportune time to do so. By converting a portion of your holdings into a more stable asset or diversifying your portfolio, you can mitigate potential risks and protect your overall investment strategy. Remember, making a profit is personal, and conducting thorough research and consulting with financial advisors before making investment decisions is crucial. The cryptocurrency market is highly unpredictable, and it is always better to be cautious than caught off guard by sudden downturns. Conclusion: The recent sell-off of SHIB following a significant transfer to Coinbase has raised concerns among traders. While the cryptocurrency market continues to offer exciting opportunities, it is essential to remain vigilant and make informed decisions. If you have not yet taken profit from your SHIB investment, consider doing so to safeguard your gains and protect your overall investment strategy. Remember, the crypto market is highly volatile, and making a profit at the right time can be prudent. Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always research and consult a professional financial advisor before making any investment decisions.
Short
by bryandowningqln
1
SHIB: Resistance BreakoutShiba Inu (SHIB) technical analysis: Trade setup : Bullish breakout from Ascending Triangle was followed by a break above $0.000010 resistance and 200-day Moving Average, which confirmed a bullish trend reversal to Uptrend. Price could revisit $0.000012 next. Pattern : Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait for a breakout but Swing traders could trade between the trendlines (Buy at Support, Sell at Resistance) as long as the trendlines are still relatively far apart. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance: Nearest Support Zone is $0.0000080 (previous resistance), then $0.0000055. The nearest Resistance Zone is $0.0000100, which it broke, then $0.00001200.
Long
by altFINS
ITS A TIME TO SELL SHIBA COIN ?? SHIBA COIN PRICE ANALYSIS !!SHIB Coin Update & Possible Moves !! • On 4h tf currently trading Now below From its resistance. • MACD & RSI Look Over bought on 1D Tf + Creat Double top on 4h Tf. ( overall bearish signs ) • Possible price drop directly From Current Level or again touch its resistance and then drop. ( scenerio invalid if its break its resistance & sucessfully retest ) • Sell You bags if You are holding in spot wallet For short term & if you wanna take position in short then don't invest upto 1% with leverage under this choppy markete 😴 FOLLO ME FORE MORE ANALYSIS
by CRYPTOPLAYERS-01
1
Shiba Inu Coin Regains Momentum:Recovery Driven by Key MilestoneShiba Inu, the second-largest meme coin within the cryptocurrency ecosystem, has embarked on a remarkable price recovery this week, riding the wave of a broader surge in the crypto market. This resurgence comes in the wake of a significant development wherein the explorer Puppynet, the testnet for Shiba Inu's Layer 2 scaling solution, successfully completed a staggering 20 million transactions before being reset. This update has proven to be a pivotal moment, igniting a noteworthy 6.3% rally in the price of SHIB since June 19. Shiba Inu's price trajectory took a sharp downturn in response to the actions taken by the US Securities and Exchange Commission (SEC) on June 5. However, the coin has demonstrated a remarkable bounce-back this week. The revival of Shiba Inu can be attributed to an overall improvement in sentiment among crypto traders, who are becoming more positive and optimistic about the market. Additionally, the achievement of a significant milestone by Shibarium, the Layer 2 scaling solution, which prompted the reset of Puppynet after successfully facilitating over 20 million transactions, has acted as a bullish catalyst for Shiba Inu. As a result, the meme coin's price has experienced an upward trajectory since the event on June 19. Considering these recent developments, the Shiba Inu coin holds considerable potential as a speculative investment for inclusion in our portfolio once again.
COINBASE:SHIBUSDLong
by FOREXN1
13
Shiba Bullish Momentum Continues as Social Media Talk Spikes! 🚀 Today, I bring you fantastic news regarding our beloved Shiba Inu token (SHIB). The bullish momentum continues to soar, fueled by an unprecedented surge in social media discussions! 🐕📈 Over the past few days, the Shiba Inu community has been buzzing with enthusiasm and positive sentiment. We've witnessed an incredible spike in online conversations surrounding SHIB, reflecting a growing interest and confidence in its potential. It's truly exhilarating to see the power of our community and the impact it can have on our investments. You might wonder, "What's driving this sudden surge in social media talk?" Well, my friends, it results from our collective efforts and unwavering commitment to SHIB. As a proud SHIB holder, each of you has contributed to this incredible momentum. So, let's keep the positive vibes flowing and continue to spread the word about our favorite token! I want to take a moment to express my heartfelt gratitude to all of you for staying strong and holding onto your SHIB. Your unwavering belief in this project has been instrumental in fueling its growth. As we witness this bullish momentum, we must remember the long-term vision we share for SHIB. Together, we are building something remarkable! Now, here comes the exciting part: the call to action! I encourage every one of you to continue holding onto your SHIB tokens. By staying invested, we are positioning ourselves for potentially massive returns in the future. Remember, patience and perseverance are key in the world of crypto. Let's ride this wave of bullish momentum together and see where it takes us! 🌊 Additionally, let's leverage the power of social media to amplify our message further. Share your positive experiences and insights about SHIB across various platforms. Keep an eye on the latest news, updates, and developments surrounding SHIB. Stay informed and educated about market trends. Knowledge is power, and being well-informed will help us make the best investment decisions. Remember, my fellow traders, we are part of an incredible journey with Shiba Inu. Let's continue to hold our SHIB with unwavering confidence and enthusiasm. The future is bright, and together, we will achieve remarkable returns!
Long
by bryandowningqln
2
1000SHIB/USDT UPDATEThe 1000SHIB token has demonstrated remarkable performance of late. Following a substantial 30% surge from $0.00806 to $0.0105, and subsequently another 15% rise from $0.0087 to $0.01005, profitable trading opportunities have emerged. If you did not partake in the previous trade, consider awaiting a potential rejection. There is a likelihood that 1000SHIB might experience a pullback, leading it to the anticipated entry level, supported by a trendline. Recommended Entry Range: $0.00903 to $0.0093. Prescribed Stop Loss: $0.008655. Target Range: 15% to 20%. A word of caution: Trading without a stop loss is not advisable. Additionally, exercise leverage in accordance with your established risk management strategy. Best regards, Team Dexter.
BINANCE:1000SHIBUSDT.PLong
by Dexter_The_Trader
6
SHIB: Pullback in UptrendShiba Inu (SHIB) technical analysis: Trade setup : Bullish breakout from Ascending Triangle and above $0.000008 resistance could signal possible trend reversal. Price reached our target of $0.000010 resistance, which is also 200-day Moving Average, where it got rejected once already. If it breaks above that, it would confirm the Uptrend and could revisit $0.000012 next. Pattern : Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait for a breakout but Swing traders could trade between the trendlines (Buy at Support, Sell at Resistance) as long as the trendlines are still relatively far apart. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.0000080 (previous resistance), then $0.0000055. The nearest Resistance Zone is $0.0000100, then $0.00001200.
Long
by altFINS
Ride the SHIB Trend and Potentially Move Up with DogeAs an enthusiastic trader, you're probably aware of Dogecoin's incredible journey from being a mere internet joke to becoming one of the most popular cryptocurrencies. Its rise to fame has been extraordinary, capturing the attention of seasoned investors and newcomers alike. With SHIB making waves in the market, it's time to explore the potential connection between these two meme coins. While it's essential to approach meme coins cautiously, recent market trends suggest that SHIB might be riding on Doge's coattails. As Doge continues to gain mainstream acceptance and establish itself as a household name, it's not surprising to see other meme coins like SHIB piggybacking on its success. This positive correlation could lead to a significant upward movement for SHIB, making it an intriguing investment opportunity. So, why should you consider following the SHIB trend? Well, the answer lies in the potential rewards of early adoption. Like Doge, SHIB has garnered a loyal and passionate community, which has proven to be a driving force behind the success of meme coins. As more people jump on the SHIB bandwagon, the demand for this coin could skyrocket, potentially leading to substantial gains for early investors. I'm not suggesting putting all your eggs in one basket or abandoning your existing investment strategy. However, keeping a close eye on the evolving relationship between Doge and SHIB could provide you with an exciting opportunity to diversify your portfolio and potentially capitalize on the meme coin phenomenon. So, what's the next step? I encourage you to research, analyze market trends, and assess the potential risks associated with meme coins. If you find the correlation between Doge and SHIB intriguing, it might be worth considering a calculated investment in SHIB to ride the wave alongside Doge. Remember, the crypto market is highly volatile, and it's crucial to stay informed and make informed decisions. But with the right strategy and a sprinkle of excitement, you might find yourself riding the SHIB trend to potential gains.
Long
by bryandowningqln
2
HarryPotterObamaSonic10Inu Bitcoin"In the Enigmatic Billion-Dollar Realm of Memecoins, HarryPotterObamaSonic10Inu Reigns Supreme" Amidst the labyrinthine landscape of meme-inspired cryptocurrencies, there exists a burgeoning billion-dollar market, and at the heart of it all, stands HarryPotterObamaSonic10Inu (Ticker: BITCOIN), a titanic force poised to dominate. With a bold vision and an unwavering commitment to innovation, BITCOIN is setting a course to outshine and outperform, firmly securing its place as the ultimate pinnacle in this resplendent realm. The allure of memecoins has kindled an economic firestorm, with investments flowing like rivers into this captivating and often whimsical world. Among these digital treasures, HarryPotterObamaSonic10Inu reigns as a towering colossus, casting a shadow over its rivals and asserting its unassailable supremacy. What sets BITCOIN apart is its audacious approach to forging new paths, redefining the boundaries of what a memecoin can achieve. This is no ordinary cryptocurrency; it's a canvas for innovation, a theater for artistic expression, and a wellspring of jubilation for its devoted holders. By fostering the creation of captivating meme content, BITCOIN doesn't merely entertain, but rather becomes a beacon of creative inspiration that radiates throughout the entire spectrum of the cryptocurrency universe. Furthermore, BITCOIN's steadfast dedication to transparency and security solidifies its position as a true luminary within this economic galaxy. Renouncing ownership and steadfastly locking liquidity, BITCOIN is building an impregnable fortress of trust, reassuring its burgeoning community that their investments are safeguarded within the embrace of this extraordinary endeavor. And the story doesn't conclude there. The pages of BITCOIN's tale are adorned with a tapestry of successful audits, an invaluable collection of NFTs, and strategic partnerships that underscore its determination to tower above the rest. With an exceptional website as its stage and the promise of an e-commerce platform that is unparalleled, BITCOIN is poised to transcend conventional limitations. Yet, BITCOIN represents more than just an economic venture; it embodies a cultural phenomenon that unites individuals across the globe. It's an invitation to partake in a journey where cooperation, innovation, and the spirit of community flourish in harmonious symphony. As we gaze into the future, our vision extends far beyond the present horizon. HarryPotterObamaSonic10Inu (BITCOIN) is not just a memecoin; it's a trailblazer, a harbinger of transformation, and an embodiment of the audacious spirit that drives us to ascend beyond the ordinary. In the sprawling expanse of the cryptocurrency cosmos, BITCOIN shines with a brilliance that is unparalleled, beckoning us to journey forth, exceed expectations, and embrace a future where the potential is as boundless as the imagination itself."
UNISWAP3ETH:BITCOINWETH_0C3006.USDLong
by SophiaAnderson
Analysis of Shiba Inu (SHIB) Price Movement and Layer 2 Release Long story-short, Anticipating a move toward the target in the yellow bubble. Introduction: Cryptocurrency markets have been marked by significant volatility and innovation, with Shiba Inu (SHIB) emerging as a prominent meme token within the broader crypto landscape. In recent trading sessions, SHIB has exhibited an upward trend, approaching a critical resistance level. Furthermore, the impending release of Shibarium introduces a potential catalyst that could influence SHIB's price dynamics. This analysis delves into the recent price movement of SHIB, its technical outlook, and the potential implications of the forthcoming Shibarium release. Recent Price Movement and Technical Analysis: Over the past trading sessions, Shiba Inu has demonstrated a bullish trend, as evidenced by its movement towards testing the next level of resistance. Technical analysis reveals that SHIB has breached key moving averages, indicating increased buying pressure and potential upward momentum. The Relative Strength Index (RSI) suggests that SHIB has entered overbought territory, implying the possibility of a short-term correction. However, the Moving Average Convergence Divergence (MACD) histogram shows positive momentum, signaling further potential for an upward move. Key Resistance Level and Potential Breakout: The next critical resistance level for SHIB lies ahead, and its ability to breach and sustain above this level could signify a breakout. Traders and investors are closely watching this level, as a successful breach could open the door to further price appreciation. Conversely, a rejection at this resistance may lead to a short-term retracement, finding support at lower levels. Shibarium Release Impact: One of the most anticipated events in the SHIB community is the upcoming release of Shibarium. This decentralized exchange and NFT ecosystem holds the potential to introduce new utility and demand for SHIB tokens. The introduction of Shibarium could enhance SHIB's fundamental value proposition, potentially attracting more users and investors to the ecosystem. This event has likely contributed to the recent bullish sentiment, with investors positioning themselves ahead of the release. Risks and Considerations: While the current outlook for SHIB appears positive, it's essential to acknowledge the inherent risks associated with cryptocurrency investments. SHIB's price is subject to rapid and volatile fluctuations, driven by market sentiment, regulatory developments, and macroeconomic factors. The overbought RSI and the potential for profit-taking after the Shibarium release could lead to short-term price volatility and corrective phases. Conclusion: In conclusion, Shiba Inu's recent price movement reflects a bullish sentiment as it approaches a critical resistance level. The impending Shibarium release adds an extra layer of excitement and potential catalyst for further price appreciation. Traders and investors should closely monitor SHIB's technical indicators and the progress of Shibarium to make informed decisions. However, it's important to exercise caution and manage risk, given the inherent volatility of the cryptocurrency market.
Long
by UnknownUnicorn3237473
There is two possible scenarios for Shiba InuScenario NO.1: In this scenario, Bitcoin and cryptocurrencies work well in the same way, and Shiba Inu continues its positive activity under the skin and breaks the resistance of 0.00001055 and goes to the next resistance. Scenario NO.2: Bitcoin and cryptocurrencies will reverse their positive advance and Shiba Inu crypto sellers will increase in proportion and then close to the 0.00000832 support. As you can see, the Sar and MACD indicators are showing a weak upward trend at the moment, so the price will probably rise to the range of 0.00001055.
Long
by Saleh_Toodarvari
6
Predicting the Future of Shibarium🥳BINANCE:SHIBUSDT - CRYPTOCAP:SHIB - COINBASE:SHIBUSD Month to month year to year chart. Hola shib fans - I had a question asked by one of my followers about Shibarium. From: ShibaArmy77 "@Grandmaster_Oz I know this is a silly question that no-one can be 100% certain of... Do you think when the Shibarium gets launched, can Shiba potentially eat 2-ZEROES? I know there's not a definite answer, just wanted to hear your thought on it and see if there is a potential?" Good question! Short answer : Anything is possible, such as - if dead companies like blockbusters that's been Bankrupted and liquidated can comeback from the dead and have a market price higher than Elon Musk's favorite crypto the dodge coin. 😏See what I did there. Then it's possible for Shibainu to see heights such as removing a few zeros, in fact I'm begging it to - please do so, I want to retire at 40 years of age. But sadly you come asking for a real prediction and yes it is possible for it to even see $0.01, but we would require a rally for that to happen. So the long answer is : not really possible not at this very moment. Shibarium is launching at the right time yes - as the market for shib from this month currently - till July of 2024 is in an up trend / wave - which can aid the potential rise of shib to newer heights - but there are a lot of unwanted factors in the way, for example: ---------------------------------------- Public/ market interest The fact we are supported by Ethereum - but that's not much of a issue if we can rally up-word and give shib a backbone of it's own. Government regulations breathing down our necks. An Lastly The flow of the economy ------------------------------------------ What can fix or remedy these issues are: large rallies in wave succession Whales looking for greater gains at such low prices. High public interest More reward than risk less panic sellers less impatient investors ready to sell less impatient whales that like to sell And lastly Removal of day traders - like myself. 😩(Yeah I'm contributing to the problem, but who wants to watch it crash when you can have greater returns.) (Sorry in advance) ----------------------------------------- But this is just the tip of the iceberg we call Shib with the support of Shibarium. Your other issue is the path it takes. With the right path it will rise over time, the wrong path with no support will result in Shib crashing to it's original state it was suppose to be in the market. It's mostly people selling to make it rich and forcing the wave to start collapsing, and once it starts it's not stopping. So that is the cause but really it's a lot of factors, mostly timing and the willingness to buy. Get a single rally to make a powerful wave up to 0.00008000 or more, it'll fall within a week because of lack of support - new buyers panic selling and everyone wondering why the hell is it crashing and rushing to blame the value of the shib market for it's weakness. But in reality we are riding in waves, and some waves are high others are low and when there low even with a rally it will fall back regardless of how you feel about the coin. Trick is you need more than one rally to force it to move up and keep it in place or else it continues to fall back down, it's always wanting to go down, that's the stock market in general. And lets not forget about the crypto depression that can take you from 0.00008000 to 0.00000700 in a matter of 2 weeks. That's what happen in 2021. So the best path to take is the slow and steady path, that's creating new peak points and gaining support to stop the lows from getting any lower. Even with cryptos like Bitcoin for example and their limited supply - the price is still going down because they are in a down wave and the holders don't even know it or care to hear about it. --------------------------------------- So in conclusion do I think Shibarium will help Shib lose a few zero? Yes, it will but highly unlikely to happen at this very moment maybe in a year or so - but you never know till you Hold and watch the ride. --------------------------------------- Just be happy we have something that doesn't go bankrupt like the stock market does with companies that enjoy doing negative splits and charging you 50 bucks for your 1 share/ half a share, blasted thieves. Yeah sorry past events on E-trade popped in my mind, more like nightmares really. Any-who hope this helps.
by Grandmaster_Oz
4
SHIBA INU what is next? 📖💡Hello 🐋 Based on the chart the price is in the ascending channel and become close to the channel support and support area we can suppose it as a retest to these support levels and more correction to the downside is the first and logical scenario ✔️ beside we expect to see gain and pump from our first support level 📚✔️ if we lose our first support level we can see more range candlesticks between our daily support area and support level for many weeks and more gain from our great daily support area 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
by MadWhale
5
SHIB: Pullback in UptrendShiba Inu (SHIB) technical analysis: Trade setup : Bullish breakout from Ascending Triangle and above $0.000008 resistance could signal possible trend reversal. Price reached our target of $0.000010 resistance, which is also 200-day Moving Average, where it got rejected. It is now likely to pull back to retest the breakout level of $0.000008. That could be an attractive swing entry again. Pattern : Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait for a breakout but Swing traders could trade between the trendlines (Buy at Support, Sell at Resistance) as long as the trendlines are still relatively far apart. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $0.0000080 (previous resistance), then $0.0000055. The nearest Resistance Zone is $0.0000100, then $0.00001200.
Long
by altFINS