shiba inu target of 0.0002 USDT within 3-6 months, 700% move com
SHIB / TetherUS BINANCE:SHIBUSDT
shiba inu target of 0.0002 USDT within 3-6 months, 700% move coming. :)
Thursday, April 18, 2024
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• April 18, 2024, 9:25 am
• April 18, 2024, 8:06 am
Wednesday, April 17, 2024
April 17, 2024 at 12:40PM SHIBUSD Shiba Inu Unlocking Profit Potential
SHIBUSD Shiba Inu Unlocking Profit Potential
SHIB / TetherUS BINANCE:SHIBUSDT
Butterfly Harmonic Pattern Formation:
SHIBUSD is currently displaying a formation of a Butterfly Harmonic Pattern, indicating potential bullish momentum in the near future. This pattern is characterized by distinct Fibonacci levels and specific geometric shapes.
Trendline Confirmation:
The pattern is further validated by the presence of a trendline, adding confluence to the bullish bias. The intersection of the trendline with the Butterfly Harmonic Pattern enhances the significance of the potential reversal.
Key Support and Fibonacci Level:
Point D of the Butterfly Harmonic Pattern coincides with a key support level and the 0.786 Fibonacci retracement level. This convergence strengthens the reliability of the bullish setup, suggesting a favorable entry point for traders.
Trade Setup:
- Entry: Long position initiated at 0.00002230, aligning with the bullish confirmation at Point D and the confluence of support and Fibonacci levels.
- Stop Loss: Placed at 0.00001823 to mitigate potential losses in case of adverse price movements, maintaining risk management principles.
Profit Targets:
- TP-1: Set at 0.00002838 to capture the initial bullish momentum and secure partial profits.
- TP-2: Positioned at 0.00003250 to capitalize on extended upward movement, reflecting a conservative profit-taking approach.
- TP-3: Targeted at 0.00003835, aiming for further upside potential and maximizing returns while adjusting risk exposure accordingly.
Conclusion:
Based on the technical analysis, SHIBUSD presents a promising opportunity for bullish trading, supported by the formation of a Butterfly Harmonic Pattern, trendline confirmation, and confluence of key support and Fibonacci levels. Traders are advised to exercise prudent risk management strategies and adhere to the outlined trade setup for optimal performance.
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• April 17, 2024, 12:44 pm
• April 17, 2024, 8:25 am
• April 17, 2024, 8:06 am
• April 17, 2024, 8:06 am
Tuesday, April 16, 2024
April 16, 2024 at 07:22AM New Phase of Correction
New Phase of Correction
SHIBA INU / Tether KUCOIN:SHIBUSDT
The price of the SHIBA token faced a correction after reaching a significant and prominent resistance area, which is displayed in orange, and returned to the designated support zone marked in red.
However, this initial support was unable to prevent a further decline in price, and it appears that the price has entered a new phase of correction.
Currently, the market is still in a correction phase and the short-term growths observed during this period are only considered temporary. This situation will continue until the downtrend is decisively broken.
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