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SHIBUSDT trade ideas

SHIB: Support BreakoutShiba Inu (SHIB) technical analysis: Trade setup : Following a bullish breakout from Ascending Triangle, price reached $0.0000115 and looked like it entered a new Uptrend. However, price pulled back and broke below $0.000008 support, which is where the prior bullish breakout occurred. This opens up downside risk back to $0.0000055. Trend : Downtrend on Short- and Medium-Term basis and Neutral on Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $0.0000080, which it broke, then $0.0000055. The nearest Resistance Zone is $0.0000100, then $0.00001200.
Long
by altFINS
Is a 10% Decline to $0.0000065 in the Cards?SHIB price breaks a pennant pattern and moves away from the 50-day EMA. Potential downtrend continuation for SHIB, targeting $0.0000065. Shiba Inu's 2023 performance shows a 7.64% YTD drop. SHIB trades at a massive 91.65% discount from its all-time high of $0.00008854. The 50 and 200-day EMA indicate a bearish trend for SHIB. SHIB broke its triangle pattern last month, leading to a bearish pennant breakdown. Over the past six days, SHIB has declined by 10%, currently trading at $0.00000752. Technical indicators, MACD and RSI, suggest increasing bearish momentum. Key support levels for SHIB are at $0.0000070 and $0.0000065. If SHIB breaks above the 50-day EMA, it could target $0.0000090 and potentially $0.000010.
Short
by Coinpedia-Market-Insight
SHIB: Approaching SupportShiba 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. Now, price is retesting that breakout level. Pullback to $0.000008 could be an attractive swing entry, with upside potential back to $0.000010. Trend : Downtrend on Short- and Medium-Term basis and Neutral on Long-Term basis. Momentum is Bearish but inflecting . MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. 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
2
Will Shiba Inu Prices Resurface Above $0.000010?Shibarium network's return raises hopes for a SHIB price recovery. SHIB prices rose by 2.24%, indicating potential bullish momentum. A bullish triangle breakout could push SHIB to $0.0000090. After the Shibarium network's troubles, it's now live, embraced by the market. A 2.24% price jump forms a strong bullish candle with a long tail. SHIB price experiences a 23% drop in four days and enters a diagonal low momentum trend. The 4-hour chart shows a symmetrical triangle pattern with resistance from 50 EMA and trendline. A recent jump completes a positive cycle in the triangle pattern, facing resistance. SHIB prices in a symmetrical triangle, primed for a breakout move. Ongoing correction might challenge the support trendline. Potential support at $0.00000794; below, test at $0.00000750. Positive scenario: Break above the resistance trendline could resurface price above $0.0000090. A recovery rally might take SHIB towards $0.000010 overhead resistance.
by Coinpedia-Market-Insight
shiba→ 50% dumphello guys... I am still on my word this coin wants to go down! so bearish!!! right? Or just only my opinion! this coin formed a symmetrical triangle pattern and broke the bottom line! for this situation, the first target is the yellow area! this means at least a 50% drop!!! entry: 0.0000088 target: 0.0000045 _______________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
Short
by melikatrader94
17
SHIB: Pullback in UptrendShiba 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. Now, price is retesting that breakout level. Pullback to $0.000008 could be an attractive swing entry, with upside potential back to $0.000010. Trend : Downtrend on Short-Term basis and Neutral on Medium- and Long-Term basis. Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. 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