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Monday, March 18, 2024

March 18, 2024 at 04:07PM SHIB - LONG + MAJOR SUPPORT TO WATCH FOR

SHIB - LONG + MAJOR SUPPORT TO WATCH FOR

SHIB / TetherUS BINANCE:SHIBUSDT

Refer to my earlier post on SHIB for my buy levels, which 2/3 hit right on. Currently, we're observing the formation of an inverse head and shoulders pattern. To confirm a bullish trend, we need to surpass the Low Volume Node (LVN) with significant trading volume, which would indicate potential for upward movement.

Crossing my yellow line with volume will send us down the Marianas trench.

It's common to witness a dip below support levels prior to significant price surges; this phenomenon often acts as a "liquidity grab" or "spring," enabling large investors to purchase at lower prices due to the panic selling by others. This strategy allows them to accumulate assets inexpensively without greatly impacting the market price.

The volume surges seen in the hourly charts suggest that there is ongoing accumulation. SHIB is adhering to Fibonacci retracement levels.

While I don't have a specific prediction for the price ceiling, the prospect of reaching a Fibonacci extension of 0.618 or even higher is quite appealing.


March 18, 2024 at 02:44PM SHIB - LONG

SHIB - LONG

SHIB / TetherUS BINANCE:SHIBUSDT

Refer to my earlier post on SHIB for my buy levels, which 2/3 hit right on. Currently, we're observing the formation of an inverse head and shoulders pattern. To confirm a bullish trend, we need to surpass the Low Volume Node (LVN) with significant trading volume, which would indicate potential for upward movement.

Crossing my yellow line with volume will send us down the Marianas trench.

It's common to witness a dip below support levels prior to significant price surges; this phenomenon often acts as a "liquidity grab" or "spring," enabling large investors to purchase at lower prices due to the panic selling by others. This strategy allows them to accumulate assets inexpensively without greatly impacting the market price.

The volume surges seen in the hourly charts suggest that there is ongoing accumulation. SHIB is adhering to Fibonacci retracement levels.

While I don't have a specific prediction for the price ceiling, the prospect of reaching a Fibonacci extension of 0.618 or even higher is quite appealing.


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March 18, 2024 at 04:50AM SHIB LONG TRADE FOR ATH

SHIB LONG TRADE FOR ATH

After this upwards move i am more confident about future longs
I won't be suprised if price at first clear lows where my SL is and them rocket up.
At green doted bars i place my long orders. If the correction moves keep goin slowly like this, i am very sure about this position


Sunday, March 17, 2024

March 17, 2024 at 09:33AM Shiba... Flag pattern 🏳️

Shiba... Flag pattern 🏳️

SHIB / TetherUS BINANCE:SHIBUSDT

Shiba is in a bullish flag pattern. It can go to high areas. ✨