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SHIBUST trade ideas

SHIBA INU: One of the Pioneering Tokens in the Meme Coin Market.Hello Traders, Here’s an update on Shiba Inu on the weekly timeframe. In the early years of meme coins, SHIB was one of the pioneering tokens that started the trend and remains a strong contender with a market cap of over $7.78 billion. Currently, SHIB is in a downtrend, with the price nearing the support range of $0.00001076 to $0.0000120. SHIB must hold this support and rebound toward the resistance trendline. Failure to hold this support could likely trigger a drop to the lower support level at $0.000007. Spot Trade Setup for SHIB: - Accumulation Range 1: $0.00001076 to $0.0000120 - Accumulation Range 2: $0.0000056 to $0.0000071 - Primary Resistance/Short-term Target: $0.000026 to $0.000033 - Long-term Target: $0.000089 to $0.00015 Note: This content is for educational purposes only and not financial advice. Please do your research and analysis before investing. Trade safely. Best regards, Team Dexter
Long
by Dexter_The_Trader
Shibusdt Buy opportunityShibusdt is approaching a critical juncture after breaking through a significant bearish trendline. The price is displaying a bullish reversal setup with the completion of the ADAM and EVE neckline, and we anticipate a breakout of the neckline in the near future. The plan is to initiate accumulation at this point with a focus on the buyback zone. The immediate target for both the ADAM & Eve setup is indicated on the chart, along with the extended main setup target. Your feedback and comments on our analysis are appreciated. Thank you.
Long
by weslad
19
SHIB USDT - FRACTAL Shows Bullish Impulse NextMany altcoins are currently in Accumulation Phase and/or approaching great buy zones. This is the part of the cycle where there seems to be very little action, and the price moves in a range and sideways. It's safe to say that we can expect sideways/range trading until BTC moves the market. In a previous update, I mentioned how it is crucial to watch not only BTC, but BTC.D and the TOTAL3 market for the next move: The good news, is that this makes for an excellent time to BUY back into any market. The lowest risk option here would require some patience though, because the accumulation cycle often lasts month. Luckily - we are already a month in of mostly range trading. Here's a look at another altcoin that's possible worth buying - RNDR, which is now approaching a great zone to buy-back : __________________________________ BINANCE:SHIBUSDT
Long
by CryptoCheck-
1
Shiba Inu bulls fail: here's whyShiba Inu (SHIB), a leading meme coin, has been trading within a horizontal range since August 8. While it briefly surged past the upper boundary of this channel, it failed to sustain the breakout and dropped back below resistance on August 28. Following this, SHIB moved toward the channel’s lower boundary, which acted as support. However, the coin has now broken below this key level, signaling increased selling pressure and the likelihood of further declines in SHIB’s value. A market is said to be in consolidation when an asset trades within a horizontal channel, meaning its price moves within a defined range for a period of time. The upper boundary of this channel represents resistance, while the lower boundary acts as support. In the case of Shiba Inu (SHIB), this consolidation saw the asset facing resistance at $0.000014, while bulls provided support at $0.000012. This sideways movement highlighted the balance between buying and selling pressures in the SHIB market, preventing the coin’s price from making a strong move in either direction during this period. If Shiba Inu (SHIB) retests its recent breakout and successfully reverses, it could signal the start of a new uptrend. With sufficient buying pressure, SHIB’s price might rally toward the resistance level of $0.000014 and potentially break above it. If this occurs, the meme coin could aim for the $0.000018 mark. However, if the current downtrend persists, SHIB’s value could face a further 23% drop, bringing it back to its August 5 low of $0.00001. This scenario would indicate a deeper bearish outlook, with selling pressure continuing to weigh on the coin’s price.
by paul_endeo
SHIB ANALYSIS🔮 #SHIB Analysis 💰💰 🌟🚀In daily chart we can see a formation of "Falling Wedge Pattern" in #SHIB. Currently #SHIB falls from its descending trendline. If #SHIB breaks and holds this pattern then we will see a huge bullish move.💲💲 🔖 Current Price: $0.00001440 ⏳ Target Price: $0.00002050 ⁉️ What to do? - We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #SHIB. 🚀💸 #SHIB #Cryptocurrency #DYOR #PotentialBreakout
Long
by ZEUS_Market_Alerts
1
Cup and Handle Pattern for SHIBImagine a refreshing cup of coffee! Let's break down the **Cup and Handle pattern for SHIB, targeting $0.000017 Look for that classic cup shape, followed by a slight handle. This is your signal that something exciting is brewing! Watch for the breakout! Once SHIB closes above the handle’s resistance, it's time to dive in. This is where the real journey begins! Protect your investment! Set your stop loss just below the handle’s lowest point. This keeps your risk in check if the market takes a turn. Aim for the stars! With a target of $0.000017, calculate your potential profits based on your entry point. Use the height of the cup to project your target upwards! Is the crowd cheering? Look for increased trading volume at breakout. High volume is like a roaring applause, confirming the momentum! Keep an eye on the broader market. A bullish trend can give your trade that extra push it needs! Play it smart! Only risk a small percentage of your capital. This ensures you stay in the game no matter the outcome. Stay alert, adapt, and enjoy the ride!Happy trading, and may your gains be plentiful!
Long
by Arabian-knights
SHIBAUSDT.4HAnalyzing the SHIB/USDT chart from a technical perspective, we observe several key features indicating the asset's performance and possible future trends. Resistance and Support Levels: Resistance 1 (R1) at 0.00001803: This level has previously acted as a barrier preventing price ascents. A break above this could signal bullish momentum. Resistance 2 (R2) at 0.00002025: This is a higher resistance level which if surpassed, might indicate a stronger upward trend, confirming a bullish reversal or continuation. Current Price Trend: The asset is trading in a downward channel, marked by the yellow lines, suggesting a bearish trend. The price needs to break this channel upward to indicate a potential reversal. Technical Indicators: MACD (Moving Average Convergence Divergence): The MACD line is above the signal line but both are near zero, suggesting minimal bullish momentum. It’s crucial to monitor this as an upward cross could indicate increasing buying pressure. RSI (Relative Strength Index): The RSI is around 69, which is close to being overbought (above 70). This could either suggest that the price might soon face downward pressure, or if it stays stable, a strong bullish trend. Conclusion: Given the technical indicators and the resistance levels, the short-term outlook suggests a cautious approach. Traders should look for a potential break above the descending channel and R1 to confirm a bullish reversal. On the other hand, if the price fails to break these levels and the RSI enters the overbought territory, we might see a continuation of the downtrend or a consolidation within the channel. It's advisable to set stop-loss orders appropriately to manage risks associated with sudden price movements.
by MarsSignals
MAGIC DUOS NEWS Aug 23, 2024 1D CHART UpdateRECOMMENDATIONS For Very Very Low Capital Investors SHIBUSDT Crypto / Now at 0.00001521 Go LONG! Price crossed SMA 20, NV is positive showing 3.317T and Privot HL continue going up in GREEN. Close position once Privot HL turn RED. SH Proshares Short S&P500 / Now at 11.15 Go LONG once Privot HL turn GREEN. If that happens DJI and SPY will go in the opposite direction. Yes, DOWN. Remember, all these metrics came from 1D Charting. FOLLOW THEM UP TWO TIMES DAILY, AT 10AM & 10PM EST Your COINS will be appreciated!!!
Long
by SolutionsforallNet
SHIB has some potentialSHIBA (SHIB) is one of the newest coins which I started to follow and invest in. This is trade (investment) setup on larger timeframe. I am not looking to reach targets 2,3,4,5 and 6 very soon, that could be year(s). I will sell most of my capital on targets 3,4 and 5. Small portion will be sold on Target 1,2 and 6. Entry Zone: 0.00000755 – 0.00001018 Target 1: 0.00002629 – 0.00002825 (163%) Target 2: 0.00003778 – 0.0000399 (272%) Target 3: 0.000065 – 0.00006773 (545%) Target 4: 0.0000869 – 0.0000924 (757%) Target 5: 0.000124 – 0.00013 (1126%) Target 6: 0.0001606 – 0.000165 (1487%)
Long
by Abmoon
8
What's next after Shiba Inu (SHIB) 10% recovery?Shiba Inu (SHIB) has seen remarkable whale interest during this week’s recovery rally. The rally, which started on the 19th of August, reaching a 10% gain during the early New York trading session on the 22nd of August.  The recovery also coincided with a recent Shiba Eternity game launched on its Shibarium network. However, the recovery hit a short-term supply at the 61.8% Fibonacci retracement level.  After a massive dump on the 5th of August, SHIB has traded sideways between 61.8% ($0.000014) and 78.6% ($0.000012) Fib levels.  The recent recovery has reached the short-term range-high at $0.000014, which could trigger another sell-off as seen in the past.  Meanwhile, demand and buying pressure surged, as indicated by rising RSI (Relative Strength Index) and CMF (Chaikin Money Flow).  However, demand interest in the dog-themed memecoin was not above the average levels at the time of writing, which could make it challenging to cross the resistance at $0.000014.  So, if Bitcoin’s (BTC) price consolidation below $61K extends, SHIB could follow suit. Ergo, the short-term range highs and lows could remain key SHIB levels to watch in the short term.
by paul_endeo