shib long position!
buy area (0.00001745-0.00001551)
tp1 (0.00003339)-(92%)
tp2 (0.00004566)-(163%)
tp3 (0.00005816)-(235%)
buy area (0.00001745-0.00001551)
tp1 (0.00003339)-(92%)
tp2 (0.00004566)-(163%)
tp3 (0.00005816)-(235%)
The support level of 0.000022 could be the best time to buy Shiba.
The recent correction of Bitcoin could be a good entry opportunity for the remaining altcoins.
SHIBUSDT Shiba is one of these coins with very high targets.
The main growth of Shiba will start with the break of 0.00004.
Don’t forget to follow and boost
a strong supportzone are seen.
If a time reaches this range, we will closely monitor its movements.
The daily chart of SHIB/USDT highlights an ongoing consolidation with recent upward momentum, as the market responds to key resistance and support levels. This analysis will delve into the current market structure, key levels to watch, and insights from the technical indicators.
Price Action and Structure:
SHIB/USDT has shown a considerable rebound from lower levels, currently trading around $0.00002317. The chart displays a clear resistance and support framework that influences the current market dynamics.
Resistance and Support Levels:
Resistance Levels: The immediate resistance is observed at $0.00003364 (R1), which has recently been tested. A breakthrough this level may lead to testing the next significant resistance at $0.00004563 (R2), indicating a strong bullish momentum if achieved.
Support Levels: The primary support level is at $0.00001963 (S1). This level is crucial for maintaining the current bullish sentiment. A drop below this point could see the price heading towards $0.00001035 (S2), which would represent a more significant bearish shift.
Moving Averages:
While specific moving averages aren't visible on the chart, their general position relative to the price can provide insights into the trend. Typically, prices above key moving averages suggest bullish conditions, while below can indicate bearish scenarios.
Technical Indicators:
MACD: The Moving Average Convergence Divergence (MACD) indicator is close to the baseline with a minimal histogram, suggesting a lack of strong momentum in either direction. This could indicate a consolidation phase or the market awaiting further cues.
RSI: The Relative Strength Index (RSI) at 52.36 is near the neutral zone, which neither confirms overbought nor oversold conditions, supporting the notion of consolidation within the market.
Conclusion:
SHIB/USDT shows potential for further upward movement if it successfully breaches the resistance at $0.00003364. However, the current indicators suggest a cautious approach as the market is not showing strong directional momentum. Traders should keep an eye on the R1 and S1 levels as breakouts or breakdowns from these levels could determine the next significant move in the market. Risk management and close monitoring of emerging market trends and sentiment are advised given the consolidative nature reflected in the technical indicators.
Trend Prediction - SHIB/USDT Forecasting
Resistance and Support Lines
In the weekly time frame, an Cup and Handle pattern is visible on the chart. It will take some time for it to fully develop. It seems that a large uptrend is on the way. Caution is advisable.
Are big events on the way????!!!!!
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Despite potential year-end challenges in the crypto market, it’s crucial to plan for buying scenarios to navigate adverse conditions. For SHIBUSDT, the fresh demand zone highlighted on the chart represents the strongest remaining support level, where buyers are likely to step in.
This zone offers a strategic entry point for long positions. Monitor closely for price reactions and confirm trades with lower time frame signals. Always manage risk effectively in uncertain market conditions.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
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Hello friends, I want to share my opinion on SHIBA with you.
As you can see in the chart, since the SHIBA cryptocurrency was released for trading, a trendline resistance has prevented it from increasing too much, and now we have encountered the same trendline again. The failure of this trendline in the weekly free time will increase the price of SHIBA cryptocurrency by at least 150%, and my first target for it is 0.000074, and if this trendline is rejected again, I expect the SHIBA cryptocurrency to fall to the 0.000011 area. To have a safe trade, wait and see what happens.
Trade safe
The reason why I argue that SHIB (and many other alts) are still due for increases, is largely because of two reasons : ETH, and the BTC.D chart.
On the topic of ETH new ATH, more info on that reasoning here:
SHIB/USD is showing signs of a trendline breakout above the resistance level at **0.00003997**. A confirmed breakout and sustained price action above this level could trigger an upward rally.
Entry: Above 0.00003997 in weekly candle
Stop Loss:Place below the breakout candle or trendline (depending on your risk tolerance).
Targets:
First Target (T1):0.00005216
Second Target (T2):0.00006705
Final Target (T3): 0.00008697
Key Notes
- Ensure proper risk management as cryptocurrency markets are volatile.
- Look for volume confirmation to validate the breakout.
- Monitor for potential retests of the breakout level for added entry opportunities.
Would you like any chart or graphical representation of this analysis?
SHIB is looking to break from resistance so trade on breakout with volume. The Fib on SHIB is set so TP's are marked on the chart in green in the side bar. Support is at trendline-bottom. Let's ask for a good return on initial when doubled and let it run. All the best
Fibonacci Retracement Levels:
The chart displays key Fibonacci retracement levels, such as 0.236, 0.382, 0.618, and 0.786.
The current price is at 0.00003195, very close to the 0.786 Fibonacci level (around 0.00003190). This level often acts as a significant support or resistance point.
Marked Zones:
Horizontal support and resistance levels are highlighted on the chart:
0.00003272 appears to be a resistance level.
0.00003086 is marked as a potential support level.
The price seems to be consolidating near these zones.
Potential Bearish and Bullish Scenarios:
The price has tested the same resistance level twice, suggesting a double top formation, which could indicate a potential reversal.
If the resistance is not broken, the price might retrace further to lower Fibonacci levels (e.g., 0.00003086 or lower).
If the resistance is broken, the price could head toward the next target at 0.00003303.
Indicators and Performance:
On the bottom-right corner, the trading volume (14.7T) and daily price change (-0.06%) for SHIB/USDT are shown.
The performance chart highlights percentage changes for different timeframes (e.g., +66.60% for the past week, while the daily performance is flat at -0.06%).
keep eye on this ,it will easily pump 16-17% after breakout
Clear bullish ascending triangle after pretty strong consolidation. Doge has a similar pattern, which is also a good thing because they pretty much follow each other. Now we wait for the 4H candle close and the breakout should be confirmed.
Although we haven’t pulled back in again we are testing critical resistance of the weekly chart. Between 3200-3300 shib is testing for the 3rd touch of the downtedning resistance.
Could we actually get a rejection here and pull back down for one last reload attempt ? Currently we seem to be fighting between 50% support of 2866 and the resistance from .382 fig around 3280
If shib can pop 3300 we should see a swift move to 3700 but if we reject its possible for a pull back to 2866 which is the 50% and if we lost that would
Be around 2455 which is .618
I can’t tell just yet which way shib will go, either way we should be positioned nicely already as I have been posting between 2700-2900 buy areas That continues to be the case until we pop 3300 with conviction then 3300 could be support zone to buy. Let’s just wait and see how this reacts.
If this is a larger downtrend resistance pattern like this, shib could see as high as 0.0001700 within this cycle
Thanks for reading ! Let me know what you think shib will do if you made it this far comment breakout or pull back!
Based on technical factors there is a Buy position in :
π SHIBUSDT
π΅ Buy Now
πͺ«Stop loss 0.00002626
πTarget 1 0.00004444
πTarget 2 0.00005555
πTarget 3 0.00007777
πΈRISK : 1%
We hope it is profitable for you ❤️
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π¨ Buy Signal: SHIBA (SHIB/USDT) π¨
π₯ SHIBA is set to pump soon! π
π It’s a great opportunity for Spot and even Futures trading!
π‘ I expect at least a 10% growth on Spot very soon! π₯
π° Target Growth: 10% π
π Buy now and ride the wave! π
π Telegram Channel: https://t.me/btcdavidd
Both the triangle and the flag lead to the exact identical target of 3450.
Red is flag, blue is triangle.
Sell order set at 3444 :)
Golden cross on daily chart.
Long for the mid to long term.
50 vs 200 Moving average.
Stop-loss is 2300, previous low + getting below the cloud.
So far we have double top here. However if shib can remain at 3025 area and confirm as support that would
Be super bullish. I might be seeing it pulling in again towards 2800 and making this ascending triangle before next lift off. 3300 is key resistance flat top style which shows bulls in control. Need more time for this to get tighter. Buy the dips towards 2800
Should get a lucky Friday the 13th breakout :)