#SHIB azalan kanal formasyonu oluΕturmuΕ. Formasyon direnci kΔ±rmΔ±Ε, retesti gerΓ§ekleΕtirmiΕ. Yani yΓΌkseliΕ momentumunu onaylamΔ±Ε. Γok gΓΌzel yukarΔ± doΔru sΔ±Γ§rama pump gelebilir. Δ°zlemedeyim.
It seems like the price broke to the upside from the 46-day downtrend, and now is the time to keep an eye on SHIB! If you're looking to trade SHIB at the moment, here's a quick setup that you might find helpful!
The idea is: Buy when the price breaks above 0.00002851$ and take profits at the levels shown in the chart.
Targets:
1. 0.0000294$
2. 0.0000305$
3. 0.0000319$
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About our trades:
Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
Shiba Inu's lead developer, Shytoshi Kusama, has disclosed that the company has successfully raised $12 million in funding via TREAT tokens for the development of its new privacy-focused Layer-3 blockchain and Shibarium projects. The announcement has led to a 1% jump in the 
SHIB price. The capital was raised from several venture capital firms, including Animoca Brands, Mechanism Capital, and Polygon Ventures, among others.
Shiba Inu ( SHIB ) aims to expand its use cases and utility by developing its new privacy-focused Layer 3 blockchain and other projects with the funding raised through TREAT utility and governance tokens. The funds will be primarily allocated towards the development of Shiba's new privacy-based Layer-3 blockchain with Zama and to ensure its Shibarium blockchain remains in focus, while expanding security measures and regulatory compliance. Moreover, TREAT will hit the crypto market later this year, and the Shib ecosystem will also introduce a new token called Shi stablecoin.
The announcement was made by Shytoshi Kusama during the Token2049 event, leaving the Shib Army in a state of excitement and anticipation. The SHIB price has risen to $0.00002705, with the 24-hour low and high being $0.00002551 and $0.00002761, respectively. However, the trading volume has decreased by 27% in the last 24 hours, indicating a decline in interest among traders. As a prominent meme coin that has expanded into a broader ecosystem, including decentralized finance (DeFi) applications and a dedicated blockchain, Shiba Inu ( SHIB ) is gradually progressing towards its aim of becoming a mainstream financial entity.
Technical Outlook
The meme coin termed Shiba Inu is trading above the 200-day Moving Average (MA) with a moderate Relative Strength Index (RSI) of 53.63. The Monthly price chart depicts a bullish Symmetrical Triangle patter which accentuates to SHIB 's bullish trend.
Consider buying some #SHIB here. We have a Bullish flag formation on the daily timeframe. In case of a successful breakout, the rally will be massive. Targets are:
$0.00003239
$0.00003675
$0.00004110
$0.00004730
$0.00005519
Hey traders hope you are enjoying our analysis. Now we are here again with a new trading opportunity. We will discuss today about SHIB
SHIB The Rising Wedge Breakout Has Already Confirmed in 4H Timeframe✍️
Retesting in process π΅
Expecting 40%Bullish Wave in Coming Day's π π
Hello Traders Hope You Are Enjoying Our Analysis. Today We Will Discuss About SHIB
(Update)
The Bullish Flag Breakout Has Done In 12H Timeframe⚡️
Expecting Massive Bullish Wave In Few Days✍️
SHIB ~ 12H π
#SHIB Successfully penetrated the resistance of this pattern. We will start making purchases gradually from here, with a minimum target of 15%++
By breaking the trend line, Shiba ascends to the upper regions.. Shiba will go in an upward cycle, after this suffering or correction, he must break the trend line upwards, and complete his cycle.
1. Shiba Inu (SHIB) is currently positioned within a buying zone, ranging from 0.00002100 to 0.00002300. This zone is significant as it attracts attention from major investors like Black Rock and other whales, indicating strong demand dynamics.
2. Recent market activity has shown positive signs for SHIB, with an increase in trading volume and daily active addresses. This uptick aligns with a broader market trend, driven partly by Bitcoin's surge to $65,000.
3. Shibarium, SHIB's layer-2 blockchain solution, has witnessed heightened activity, with daily transactions ranging from 300,000 to 950,000. This suggests growing interest and utilization of SHIB's ecosystem.
4. Additionally, SHIB's burn rate has spiked significantly, signaling efforts to reduce token supply and potentially increase its value over time.
5. Current market data reveals SHIB's live price at $0.000023 per token, with a market cap of $13.46 billion USD. The 24-hour trading volume stands at $642.81 million USD.
6. SHIB has experienced a modest increase of +1.22% in the last 24 hours, with a circulating supply of 589,289.41 billion tokens.
7. Technical analysis highlights a bullish divergence observed at the 4-hour time frame, indicating a potential upward trend. Additionally, all indicators are showing buy signals, reinforcing the bullish sentiment.
8. The proposed trade strategy involves waiting for a volume candle to break the blue moving average (MA) line, signaling an increase in market activity.
9. Once the volume confirms the bullish movement by surpassing the blue MA line, consider entering the trade.
10. It's crucial to set a profit target at 106% above the entry point, aiming to double the investment.
11. Implementing risk management measures, such as setting stop-loss orders, is essential to protect the investment in case of adverse market movements.
12. Monitoring the volume closely and observing any significant changes in market dynamics is key to timely decision-making.
13. Understanding the broader market context and potential catalysts can provide valuable insights into SHIB's price movements.
14. Keeping track of developments in Shibarium and other ecosystem-related initiatives can help gauge the long-term viability and growth potential of SHIB.
15. Market sentiment and investor behavior play a significant role in cryptocurrency price fluctuations, so staying informed about community sentiment is essential.
16. Assessing SHIB's relative strength compared to other meme coins and cryptocurrencies can provide additional context for trading decisions.
17. Diversification is crucial to managing risk effectively, so consider allocating investments across different assets and sectors.
18. Utilizing technical analysis tools and chart patterns can aid in identifying potential entry and exit points, enhancing trading precision.
19. Patience is key in trading, as waiting for confirmatory signals and avoiding impulsive decisions can lead to more successful outcomes.
20. Continuously reviewing and adjusting the trade strategy based on evolving market conditions is essential for long-term success.
21. Educating oneself about cryptocurrency fundamentals and market dynamics can empower traders to make informed decisions.
22. Networking with other traders and joining online communities can provide valuable insights and support in navigating the cryptocurrency markets.
23. Emotions can often cloud judgment in trading, so maintaining discipline and sticking to predefined trading rules is paramount.
24. Recognizing and managing cognitive biases can help prevent irrational decision-making and improve overall trading performance.
25. Regularly reviewing and analyzing past trades can provide valuable lessons and insights for refining future trading strategies.
26. It's important to remain adaptable and open to new information, as market conditions can change rapidly.
27. Developing a clear trading plan with well-defined entry and exit criteria can help minimize uncertainty and improve consistency in trading performance.
28. Risk management should be a top priority in trading, with capital preservation taking precedence over potential gains.
29. Seeking advice from experienced traders or financial professionals can offer valuable perspectives and guidance in navigating the cryptocurrency markets.
30. Ultimately, successful trading in cryptocurrencies like SHIB requires a combination of market knowledge, technical skill, discipline, and risk management. By adhering to sound trading principles and staying informed, traders can increase their chances of achieving their financial goals.
shiba inu target of 0.0002 USDT within 3-6 months, 700% move coming. :)
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.
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.
big moves, big pumps, we cant be exact, but we will be close. :)
We would like to believe that the Shiba inu price has already made an a-b-c correction as part of wave 4.
But it's worth keeping in mind that a drop in the #SHIBUSDT price down to $0.00001350 - 0.000015 will still keep the upside scenario relevant.
But probably most would like to see the price drop no longer fall so much, and for SHIB buyers to keep the price above $0.000020 and continue to grow with a medium or long-term target of $0.000075
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Following through from our previous analysis
SHIBAUSDT precisely reached the pullback zone I highlighted and bounced approximately 20% immediately putting us on a profitable edge. Now all I can say is good luck on the journey to a new ALL TIME HIGH again for SHIBA on this particular scenario.
According to the structure of the waves, it seems that the SHIBA correction will continue.
The correction has started from where we entered "START" on the chart.
It seems that we are in an ABC or a more complicated pattern.
Wave B looks like a triangle with only one wave left.
We expect another downward wave from the red range.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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