SHIBA INU | Short term outlookAfter liquidation, shiba is now on correction trend same as major crypto drivers.
SHIBUSDT trade ideas
SHIB is ready for PUMP!#SHIB in dayli timeframe is in a bullish structure and recently touched its S2D flip zone and made a SCOB confirmation.
So it can go up from here , specially because of its upside momentum and last downside momentum .
Its not a financial advice ,DYOR.
SHIB looks bearishFrom where we placed the red arrow on the chart, SHIB has entered correction.
Considering the time of the waves and the price range, the correction seems to be a diametric.
The price is expected to reject downwards from the red range.
The targets are clear on the chart.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
SHIBUSDT.1DIn my technical analysis of the SHIB/USDT daily chart on Binance, I focus on the trend behaviors and key indicators that could provide insights into future price actions.
The chart reveals a volatile journey for SHIB/USDT, particularly noticeable in the sharp spike and subsequent fall during early 2024, characterized by point A on the chart. This volatility has since tapered into a descending triangle pattern, indicating a potential continuation or reversal could be forthcoming.
Firstly, let's consider the support (S1) and resistance levels (R1, R2). Currently, the price has stabilized near a critical support level (S1) at approximately $0.00000853. This level is crucial as it has historically acted as both support and resistance, suggesting a strong psychological price point for traders.
Resistance levels are identified at $0.00002019 for R1 and higher at $0.00004567 for R2. Overcoming these levels would require significant bullish momentum, likely driven by broader market trends or specific catalysts affecting SHIB.
The Relative Strength Index (RSI) is near the 50 mark, indicating neither overbought nor oversold conditions. This neutrality suggests a potential for either movement direction, depending heavily on market sentiment and upcoming news or events that could sway investor behavior.
The MACD, while currently below the signal line, shows signs of converging. A crossover above the signal line could be a bullish indicator, suggesting an increase in upward momentum. However, the histogram reflects minimal momentum in either direction, reinforcing the current market uncertainty.
Given this analysis, the immediate strategy would be to watch for a decisive break either above R1 or below S1. A break above R1 could suggest a potential trend reversal, targeting further resistance at R2. Conversely, a fall below S1 could confirm the continuation of the bearish trend, potentially leading to new lows.
In conclusion, my focus will remain on these critical thresholds (S1 and R1), monitoring for significant price movements that could indicate a larger trend change. The balance between observing technical signals and staying informed on market-wide influences will be essential in navigating SHIB/USDT’s future movements effectively.
shibashiba inu technical analysis basically on elliott waves principles
shiba can be make a new high
wait and watch
Shib - Monthly RecoveryShib is another meme coin that has showed recent strength.
On the monthly timeframe it has perfectly retested the 21MA as new support and should be ready for continued upside.
Shiba Inu Coin: Is a Bullish Breakthrough Imminent?BINANCE:SHIBUSDT has shown notable bullish momentum on the 4-hour chart, suggesting potential upward movements in the near term. Recent closing prices indicate a gradual upward trend, with the latest closing price at $0.00001647.
Exponential Moving Averages (EMA) reflect this positive sentiment. The 9 EMA is currently above the 20 EMA, indicating a bullish trend. This alignment suggests that the short-term momentum favors buyers, with the 9 EMA values showing a steady increase, reflecting recent upward price movements.
Meanwhile, the Moving Average Convergence Divergence (MACD) indicator also supports this bullish outlook. The MACD line is above the signal line, with the histogram consistently positive. This configuration indicates that buying pressure is outweighing selling pressure. It also reinforces the potential for continued upward movement.
Relative Strength Index (RSI) values oscillate around the mid-50s, slightly favoring the bullish side without being in overbought territory. This suggests that there is room for further upward movement before any potential reversal or correction.
Key resistance levels to watch include $0.00001659, which is the immediate resistance level. A break above this could pave the way for further gains. The $0.00001714 level is critical, and if the Shiba Inu coin manages to surpass this, it may test even higher levels. Breaking $0.00001731 would confirm a strong bullish trend, likely leading to significant price increases.
On the downside, $0.00001550 serves as the immediate support level. If SHIB pulls back, it may find buyers around this level. The $0.00001309 level is a more substantial support that could provide a strong base in case of a broader market correction.
For potential trading strategies, traders could consider entering a long position if the price breaks above the $0.00001659 resistance level with strong volume. Potential exits could be near the $0.00001714 and $0.00001731 levels. Tightening stops as the price approaches these levels can help protect profits.
On the other hand, a short position might be considered if the price fails to break above $0.00001659 and shows signs of bearish reversal. Covering the short position around the $0.00001550 support level could be prudent. A break below this level might target the $0.00001309 support.
In conclusion, SHIB shows promising bullish signals with critical resistance levels in sight. Traders should monitor these levels closely and adjust their strategies accordingly to capitalize on potential price movements.
Shiba Inu SHIBA lot of folks asking about Shiba Inu at the moment. At this time on the above 2-day chart price action has broken from resistance that began in October 2021.
The question most want answered: Will Shiba (Bro..) pump 1000% like in 2021 from late September until late October? No idea. Anything is possible.
Is it probable? No. Why do I say that?
Let’s look left. Back 2021 there were certain conditions that printed specially on the 2-day chart. Those conditions were:
1) The BTC pair of the token
2) A strong buy signal
3) Strong bullish divergence. Huge.
4) Stochastic RSI was 50+ at the time of the above conditions.
Do all those conditions exist today? No.
Do those conditions exist on other tokens today? Yes.
Yes indeed. As a matter of fact there are 16 tokens currently listed on Binance printing those exact conditions. Two of them have already ‘popped’, GALA and SOL.
What are the other 14? Get this post to 500 likes and I’ll share them below!
Ww
Remember:
Type: trade
Risk: <=6% of portfolio per position.
Timeframe: don’t know
Return: don't know
#shibusdtUpdate Analysis of the price action of #shibusdt (#smart_money):
The support (green) and resistance (red) zones of the #shibusdt react when they are reached. As you pass through each area, the role of that area changes. You can trade between these zones based on your personal strategy.
Shib usdt will drop This is my trading program on Shib, and I expect the price of altcoins to fall even up to 50% in the coming days, and after that, the attractive growth of crypto.
The decline of Shiba Inu is not yet complete.I personally don't trade Shiba Inu, but for those who follow the "Shib," it might be useful to know where the orders are on Coinbase. The approximate downside targets can be seen on the chart and in the order book screenshot from Coinbase.
#Shib #ShibaInu
Shiba Going Lower Low Volume on Bounce: The recent upward movement in SHIB's price is accompanied by low trading volume, indicating weak buying interest. This suggests that the current price increase may not be sustainable.
The RSI is currently at 74.27, which is close to the overbought territory (above 70). This suggests that SHIB may be overbought and could be due for a correction or consolidation.
Further support is around 0.0000120000 USDT, another significant support zone seen in the chart.
SHIB RocketsSHIB is exhibiting strong bullish momentum, with recent price action reflecting a rapid ascent. Key indicators point to robust buying pressure, but significant resistance levels could test the strength of this uptrend.
Technical Insights
1. Support and Resistance Levels:
• Immediate Support: SHIB has strong local support around $0.00001550. Maintaining above this level is critical for continued upward movement.
• Immediate Resistance: The price is approaching solid resistance at $0.00001625. This level could push the price back for a while before any further gains.
• Solid Support: If a pullback occurs, solid support lies at $0.00001450, which could act as a foundation for another rally.
2. Momentum Indicators:
• Stochastic Oscillator: Both %K and %D lines are in the overbought territory, suggesting that a pullback or consolidation might be imminent before the next upward move.
• Relative Strength Index (RSI): The RSI is above 70, indicating overbought conditions. This could lead to a short-term correction or consolidation period.
3. Moving Average Convergence Divergence (MACD):
• The MACD is positive, with a bullish histogram, indicating continued upward momentum. However, the market may see some short-term fluctuations.
Most Probable Market Scenarios
1. Bullish Continuation:
• If SHIB can break and hold above the immediate resistance at $0.00001625, the next target could be higher resistance levels, potentially around $0.00001800.
• Sustained buying pressure and high trading volumes would support this scenario.
2. Pullback and Consolidation:
• Given the overbought conditions indicated by both the RSI and Stochastic Oscillator, a pullback to around $0.00001550 or even $0.00001450 could occur. This would provide a healthier base for future gains.
• Maintaining above these support levels is crucial for preserving the bullish outlook.
Outlook
SHIB is in a strong uptrend with bullish momentum. Traders should watch for potential pullbacks to key support levels, which could present buying opportunities. Breaking through the $0.00001625 resistance will be pivotal for continued upward momentum towards higher targets.
Summary:
• Short-term: Bullish but watch for potential pullbacks due to overbought conditions.
• Mid-term: Holding above $0.00001550 support is key; breaking above $0.00001625 could target $0.00001800.
• Long-term: Sustained bullish momentum depends on overcoming significant resistance levels and maintaining high RSI.
SHIB Flashing a SELL (⊙_⊙)I've been bearish on SHIB since the failed pennant pattern:
We just got a "SELL" alert from the technical indicator in the weekly timeframe. The higher the timeframe, the more significant the pattern / alert.
Watch the BTC on what w need to see after a "SELL" alert to consider this situation turning ack to the upside:
_________________________
BINANCE:SHIBUSDT
SHIBUSDT Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring SHIBUSDT for a selling opportunity around 0.00001630 zone, SHIBUSDT is trading in a downtrend and curently is in a correction phase in which it is approaching the trend at 0.00001630 support and resistance area.
Trade safe, Joe.
Time to buy Shiba ! 10X return minimum After we witnessed Shiba sky rocket, as always we were to expect a good pull back/reversal to the golden buy area of 78.6, as well as retesting that descending trend line, giving us a great opportunity and risk:reward ratio for a long term or even a short term buy expecting a minimum of 10X return !!
SHIB/USDTIts good for spot!
A memecoin that all of you know it!
2 step is logical for buying according to DCA !
stoploss will be activated if daily close seen under the last step...
Alikze »» SHIB | Bullish Flag🔍 Technical analysis: Bullish flag in corrective zigzag wave 4
According to the analysis presented in the previous post, wave 3 or rising C in the area of 2.618 Fibo of the previous wave itself was completed.
💎 But now in the 1D time frame a bullish flag is formed in the form of wave 4 zigzag.
After exiting the congestion and descending channel in the supply range, it has faced selling pressure.
💎 Therefore, it can be offered after the pullback to the broken structure in the liquidity range by successfully collecting liquidity to break the zone.
💎 In addition, if the candle closes to the sub-zone in the daily time, the bullish scenario will be invalid and should be re-examined and updated.
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Thanks for your continued support.
Best Regards,❤️
Alikze.
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SHIBA INU NEAR THE HISTORICAL SUPPORT Trading Idea for SHIB/USDT (1-week Chart)
The SHIB/USDT price on the 1-week chart is currently near its historical support level around 0.00001000 USDT, after a significant downtrend from its previous highs. This suggests a potential for either a strong rebound or further decline if the support fails.
SHIBUSDT.1DUpon analyzing the daily chart for SHIB/USDT, I have identified several critical elements that provide insight into the current market condition and potential future price movements.
Technical Analysis Observations:
Support and Resistance Levels (S1, R1, R2):
Support Level 1 (S1): At approximately $0.00001057, this level has been a significant support zone. It marks a crucial floor that, if breached, could signal further declines.
Resistance Level 1 (R1): Positioned at $0.00002019, this is the immediate resistance level. A break above this could indicate the start of a bullish correction.
Resistance Level 2 (R2): Located at $0.00003000, this higher resistance level would be a more extended bullish target.
Trend Indicators:
The descending trendline marked by R1 and R2 highlights the overall bearish trend. A break above this trendline would be a strong indicator of a potential trend reversal.
The recent price action shows the price testing lower support levels, indicating persistent selling pressure.
RSI (Relative Strength Index):
The RSI is currently at 39.62, suggesting that while the asset is not in the oversold territory, it is approaching levels where a reversal could be expected if buyers step in.
MACD (Moving Average Convergence Divergence):
The MACD lines are below the signal line, and the histogram is negative, indicating ongoing bearish momentum. However, the MACD lines are flattening, which could suggest a potential reduction in bearish momentum and an upcoming crossover.
Conclusion:
The SHIB/USDT pair is at a critical juncture, testing significant support at $0.00001057. The RSI nearing oversold levels and the flattening MACD suggest the possibility of a short-term rebound. However, the prevailing bearish trend underlined by the descending trendline and MACD requires caution.
For trading strategies, one could wait for a confirmation of reversal signals, such as a bullish RSI divergence or a MACD crossover. A break above the immediate resistance at $0.00002019 would provide a stronger confirmation for a bullish reversal, targeting $0.00003000. Conversely, a break below the support at $0.00001057 would indicate further downside, necessitating close monitoring for new support levels.
Implementing risk management strategies, such as setting stop-loss orders just below the support levels and taking profits near resistance levels, is crucial in managing potential risks and optimizing gains in such a volatile market. Monitoring external market factors and news that could influence price action is also essential.
Shiba | One Final Drop Before Bullish Party (SMU & SSLU-Waves)Shiba Inu did great earlier this year... The full wave, from June 2023 through March 2024, amounted to more 720% total growth...
How are you feeling today?
I hope you are having a nice week.
Please, take a few minutes of your precious time to read this chart with me.
If you enjoy the content, consider hitting follow to show your support.
...Amazing. The reason why Shiba Inu is doing poorly now is because it did great in the past. A correction always follows a bullish wave.
👉 Here is what the chart is currently saying: SHIBUSDT can produce another drop before the bullish party starts. This drop can lead to a bounce that would then lead to an SMU-Wave followed by another drop. This second drop can be either a lower low compared to the one that will show up now or a higher low; this would be the final drop before a sustained period of maximum growth; a SSLU-Wave (Surprise-Super-Long-Bullish Wave).
While here I am only showing the beginning of the SSLU-Wave, this market phase can, and is very likely to, lead to a new all-time high.
➖ How high can it go?
We looked at the 2025 ATH potential many times before.
You can find these trade ideas by searching for SHIBUSDT within my profile.
We will revisit the 2025 ATH potential with fresh data later this year or in early 2025.
Thanks a lot for your continued support.
Thank you for reading.
Namaste.
SHIBAINU - Starting a new Bullish Move ? (READ THE CAPTION)By examining the #ShibaInu chart on the weekly timeframe (logarithmic), we observe that after an attractive growth, this cryptocurrency has again undergone a correction. We should soon expect the end of this correction and the beginning of the next bullish wave. Keep an eye on these prices: 0.00001542, 0.00001385, and 0.00001248. The new wave will likely start its next move after correcting to 1542. (This analysis will be updated)
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
Potential Bullish Reversal for SHIB Shiba InuIf you haven`t bought SHIB before the breakout:
Nor sold the top:
Now upon analyzing the chart pattern of SHIB Shiba Inu, it appears that a falling wedge formation is currently in play. This pattern is characterized by converging trendlines sloping downward, with a series of lower highs and lower lows. In technical analysis, a falling wedge is typically interpreted as a bullish reversal pattern.
The falling wedge on SHIB suggests that despite recent declines, there is potential for a bullish breakout. As prices continue to oscillate between narrowing support and resistance levels within the wedge, there is anticipation among traders and investors for a potential upward movement. This pattern often signals a gradual weakening of selling pressure and a potential shift towards buyers gaining control.
