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SHIBUST trade ideas

SHIB’s Close Today Could Indicate Its Next Short-Term MoveA bearish rising wedge pattern has formed on SHIB’s daily chart, which may suggest that the meme coin’s price will correct in the next couple of days. This bullish thesis could be invalidated if SHIB closes today’s daily candle above $0.00000847. This could then set the altcoin up to continue climbing to $0.00000965 in the following couple of days. On the other hand, SHIB closing today’s trading session below $0.00000847 could expose the cryptocurrency to the risk of falling to $0.00000755 in the short term. Thereafter, continued sell pressure could force SHIB down to as low as $0.00000700. Technical indicators suggested the meme coin is at a decisive point. The daily Moving Average Convergence Divergence (MACD) indicator signaled that SHIB’s positive trend may continue. This was suggested by the MACD line breaking away above the MACD Signal line. In addition to this, the gradient of the MACD Histogram was also positive. Meanwhile, the daily Relative Strength Index (RSI) indicator signaled that bulls were losing some of their strength. Furthermore, the downside potential for SHIB was greater than its upside potential, as it is approaching overbought territory. Today’s daily close may indicate in which direction SHIB will move in the coming 24-48 hours. If the meme coin closes today’s trading session above $0.00000847, then it may continue to rise to $0.00000965. Conversely, a daily candle close above $0.00000847 could lead to SHIB falling to $0.00000755.
by StevenWalgenbach
SHIB - Resistance and Support Zones - TargetsPotential Price Targets and supports - Support Zone $.00000640 - $.00000760 Target 1: $.00000850 Resistance 1 / Fib level .618: $.00000912 Target 2: .000001480 Major Volitility Zone: $.000015-.00003405 Previous Top Resistance: $.00006075 SHIB is the main token of the Shiba Inu ecosystem, bringing the power of a decentralized, community-led currency to millions across the globe. Since its inception in late 2020, the Ethereum-based SHIB token has grown to become a worldwide phenomenon, and is now accepted as a form of payment at hundreds of locations, either directly or through third-party intermediaries. Shiba Inu coin was created anonymously in August 2020 under the pseudonym "Ryoshi." Ryoshi says about himself that he is a nobody and not important and that the efforts to unmask his identity, even if successful, would be underwhelming. This meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and tweets from personalities like Elon Musk and Vitalik Buterin. Vitalik Buterin was long believed to be the originator of Shiba Inu, but denied such rumors on the Lex Fridman podcast on June 5, 2021.
Long
by Helios_Capital_Investment
#Shiba #shibusd targets until the end of 2023.Shiba's TARGETS until the end of 2023. Unfortunately, Shiba's charts are incomplete and do not show the initial movements and rises of this currency, so it is difficult to analyze its next goals. But if we consider the same chart and consider the Ascension from 2020 to 2021 as a five-wave structure, based on the existing possibilities, we will reach a series of targets. Target one and two are available with a high probability, target three is ideal and target four has a low probability, but this is not the end of the job and if the conditions are met, higher targets are also available. TARGET1: 0.00001480$ TARGET2: 0.00003000$ TARGET3: 0.00007500$ TARGET4: 0.00016000$ TARGET5: OPEN Suitable entry range: 0.00000850 - 0.00000700$ STOP LOSS: 0.00000630 $
Long
by KhaniTechnical
3
SHIB /USDT | 1d 👀#SHIB has made a significant breakout from the symmetrical triangle pattern, accompanied by substantial trading volume. The MACD crossover is signaling a bullish momentum. We expect the bullish trend to continue, either from this point or after a successful retest of the symmetrical triangle. ✅ Stay updated on market news and developments that may influence the price of #SHIBUSDT. Positive or negative news can significantly impact the cryptocurrency's value. ✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility. ✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking. #Crypto #Coins #SHIBUSDT #Trading #SHIB
Long
by Nyskohuz
1
!! Mysterious Shiba !! It is true that after the launch of Shibarium, we saw a downward correction in the Shiba trend. Something that not only Shiba, but the whole market was involved in. But the data shows that before the halving of Bitcoin, which will happen on May 1, 2024, we will witness a significant growth of digital currencies, especially Shiba. Based on Shiba's development plans, including the launch of Shibarium and the news of stablecoins and the high amount of token burning and the increase in investor demand, it indicates an upward trend. If this analysis is of interest to you, please support me with a boost and comment.Thank you
Long
by MyNameIsMilad
5
$shib Measured (long scalp move) to 966 areaShiba Inu has recently broken a daily resistance level, and the next measured move is expected to be towards the next resistance at 0.00000966. This break of resistance suggests bullish momentum in the short term. Key points to consider: Break of Daily Resistance: The fact that Shiba Inu has broken a daily resistance level is a positive sign for traders. This indicates that there is buying interest and increased demand for SHIB at this point. Measured Move Target: The next measured move is expected to reach the next resistance level at 0.00000966. Traders often use measured moves based on technical patterns to set price targets. Bullish Momentum: The break of resistance suggests a short-term bullish trend in SHIB. However, it's essential to consider other technical indicators and market conditions to confirm the strength of this move. Risk Management: It's crucial to implement proper risk management strategies, such as stop-loss orders, to protect your investment in case the price doesn't reach the next resistance level or reverses. Please note that technical analysis is not foolproof, and market conditions can change rapidly. It's essential to use multiple indicators and stay informed about news and events that can influence cryptocurrency prices. Always perform your due diligence before making trading decisions.
Long
by UnknownUnicorn3237473
1
SHIBA INU: Time For Another Bullish WaveSHIBA INU: Time For Another Bullish Wave On June 10th, all Altocins created a very strange new price low at a time when BTC didn't move at all. The movement was very speculative by nature but as we can see the market recovered again and moved back up where it was before. We can see SHIBA today and it is better than one month ago after the big stop hunt. Price completed a bullish channel and it is getting ready to grow even more during the coming months. Thank you and Good Luck!
Long
by KlejdiCuni
3
✴️ Are You Ready? Shiba Inu Continues (500% Potential Or More) We have something really special here for the Shiba Inu lovers, holders and traders... Something really good, are you ready? The major bullish wave we've been tracking for most of this year is now ready to materialize. The action from June through August was only a preview with the correction now over, it ended in a higher low which works as serious confirmation of what's to come. There are too many bullish signal to mention them all so we will focus on the most important ones at this moment related to this newly developing bullish wave. After the higher low 19-Oct (vs 10-June) we have a strong rise in trading volume (green) with prices now trading above EMA100. Here is the great double/triple quadruple confirmation, EMA100 matches also the December 2022 low, so Shiba Inu (SHIBUSDT) is trading above both these levels; bullish potential confirmed. How far up this wave can go can be found detailed in previous trade ideas but the potential is beyond 500%. Thank you for reading and I'll you see on the next one, I hope you are having a wonderful weekend. You deserve the best! Namaste.
Long
by AlanSantana
2
SHIB/USDTR 1DAY UPDATE BY CRYPTOSANDERS Hello friends, welcome to this SHIB/USDT update from Crypto Sanders. Chart Analysis:- Shiba Inu (SHIB) was another notable gainer on Thursday, as price rose for a second consecutive day. Following a low of 0.000007429 on Wednesday, SHIB/USD rallied to an intraday high of 0.000008208 earlier today. today’s gains have sent SHIB to its highest level since August after the price rose by nearly 10% today. earlier gains have somewhat faded, as a result of the RSI failing to break out of a ceiling at 70.00. price strength now sits at 69.15, with a floor at 61.00 a likely target should momentum begin to shift. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563
death and Life; The problem is this Shiba is at the point of life and death In the past months and weeks, he has repeatedly asked you to escape from the resistance of the floor, but he failed every time This currency has been able to maintain resistance, but weaker each time Now the production team and the whales and traders of this currency must try to survive Investors should be promoted so that Shiba can break the lines. I'm sure there are incredible amounts of money waiting behind these lines to help him in this battle.
Long
by eshmael1111111
Will SHIB Jump 30% More?Bitcoin's Influence: Increasing Bitcoin dominance has positively impacted SHIB's price. Current Status: SHIB is trading at $0.0000078, experiencing a sharp intraday loss of 1.01%. Wedge Breakout: SHIB has broken out of a falling wedge pattern, signaling bullish momentum. Technical Indicators - RSI: The RSI has bounced from the oversold zone to near the overbought zone at 70%. Technical Indicators - EMA: The 50-day EMA shows a bullish reversal, teasing a golden crossover. Recent Performance: SHIB has seen a 16% remarkable jump in the last ten days. Critical Resistance: The 200-day EMA and $0.00000835 resistance are proving to be significant barriers. Bullish Momentum: The breakout rally accounts for a 15.66% price jump and sustains above $0.00000750. Potential Targets: If SHIB breaks the 200-day EMA, it could reach the $0.000010 mark. Downside Risk: A fall below $0.00000750 could lead to a drop to $0.00000695. Sideways Trend: The possibility of a sideways trend arises due to higher price rejection. Market Sentiment: The overall sentiment is bullish, increasing optimism in Shiba Inu price predictions.
Long
by Coinpedia-Market-Insight
SHIB/USDT Break and switch to Bullish Momentum or Rejected ??💎 SHIB has certainly caught our eye, navigating within a descending channel formation. Recently, SHIB initiated a noteworthy ascent after rebounding from the demand zone. 💎 However, for SHIB to shift into a bullish gear, it needs to conquer a significant milestone: breaking free the descending channel pattern and overcoming the local resistance. Probability this breakthrough could set the stage for SHIB to smoothly continue its upward trajectory, aiming for the supply zone and probability of reaching the Bearish OB. 💎 On the flip side, if SHIB stumbles in its attempt to breach the pattern or faces rejection at the descending channel's resistance, it might necessitate a retreat, seeking renewed strength by returning to the demand zone. 💎 The outlook becomes bleaker if, during its reassessment at the demand zone, SHIB finds the area unable to withstand the selling pressure. A failure to uphold the demand level, marked by a decisive breach, could propel SHIB into a continued downward spiral, steering it towards the critical support territory.
by MyCryptoParadise
SHIB/USDT potential shift? 👀 🚀 SHIBA Today analysis💎 Paradises, set your sights on SHIBUSDT as it showcases robust momentum above the ema200, hinting at a heightened likelihood of a bullish trajectory. 💎 Recently, SHIBUSDT has broken out of its descending channel and simultaneously surpassed the ema200. The intriguing part is, if the price sustains its strong momentum above the ema200, there's a significant probability it will address and potentially mitigate the bearish OB and supply zone at .999. 💎 Should it break above this level; another scenario emerges where it might aim for the next resistance level. 💎 Conversely, if the price doesn't maintain its momentum, it may seek a bullish resurgence from the .700 level. However, a breach of this support could usher in downward tendencies.
Long
by MyCryptoParadise
Shiba Inu Rises Double Digits TodayShiba Inu Rises Double Digits Today for the First Time in 3 Months The entire cryptocurrency market underwent a bullish transformation, breaking free from its stagnant price phase and experiencing a significant upswing. Shiba Inu (SHIB), the second-largest meme coin, joined this positive trend. Despite repeated criticisms regarding its price stagnation, the asset decisively put these concerns to rest by surging more than 10% in just the past few hours. Shiba Inu experienced a low trading price of $0.000007355 earlier today, but it managed to rise to a high of $0.0000082. As of the current moment, SHIB is trading at $0.000008106, marking a daily increase of 10.22%. Notably, the meme coin has seen an impressive, nearly 20% surge over the past couple of days. Even with this substantial price rise, the cryptocurrency’s market capitalization remains at $4.78 billion, solidifying SHIB’s position as the 19th largest digital asset. While SHIB aims to kickstart its upward trajectory, a significant resistance barrier lies at $0.0000084 for the meme coin. However, it has successfully established a support level at $0.0000077, rekindling optimism within the market. During its recent price surge, SHIB witnessed a rise in both trading volume and open interest. According to information from Coinglass, SHIB’s trading volume increased by 83%, and its open interest grew by 12%. As the asset embarked on this upward trend, approximately $641,000 worth of positions were liquidated over the past 24 hours. Within this figure, $588.32K of short positions were liquidated, while a smaller sum of $52,000 in long positions was also liquidated. Shiba Inu holders in the green With the recent surge in Shiba Inu’s price, the proportion of holders benefiting from the asset’s current value has increased. Currently, 20% of SHIB holders are in a profitable position. In contrast, a significant 77% of holders are facing losses. Although there is a notable gap between these percentages, this marks a substantial rise since the start of the month.
Long
by DEXWireNews