SHIBUSDT.P
The flag pattern has broken down and my expectation here is to continue down the length of the flag
The flag pattern has broken down and my expectation here is to continue down the length of the flag
On the daily timeframe, the 50-day moving average has been broken and prices have stabilized above it. This indicates that buyers are poised to push prices to higher levels, as shown in the chart.
Personally, I will be accumulating purchases in these areas.
shiba technical analysis basically on elliott waves principles
shiba can be make new high as a wave 3
wait and watch
Depending on the low time frame the first activation for SHIB/USDT
We expect that there is a good chance of an increase in volume.
in the coming time, we will follow SHIBAUSDT
The top NO 1 USDT whale holds the most SHIBA.
Shiba is a value coin that is doing an unexpected increase over time.
I'm short now on shiba, MY target is on first zone, cause this gathering of support needs alot of attention, be carefull, this area is very important, the price may reject, or skip this area with high momentum, to skip every one of them, we should get some confirmation to reach SSL to have touch the liquidity zone.
Patience is your asset here, nothing crazy happening but SHIB need to cross 2 resistance to go bullish otherwise lower lows will manifest
went below the 786 there so i think- correction over, so treating these minor waves on alts as 1-2's from here, i thnk probably 3.618 here just because of overhead resistance on the left
After liquidation, shiba is now on correction trend same as major crypto drivers.
#SHIB in dayli timeframe is in a bullish structure and recently touched its S2D flip zone and made a SCOB confirmation.
So it can go up from here , specially because of its upside momentum and last downside momentum .
Its not a financial advice ,DYOR.
In my technical analysis of the SHIB/USDT daily chart on Binance, I focus on the trend behaviors and key indicators that could provide insights into future price actions.
The chart reveals a volatile journey for SHIB/USDT, particularly noticeable in the sharp spike and subsequent fall during early 2024, characterized by point A on the chart. This volatility has since tapered into a descending triangle pattern, indicating a potential continuation or reversal could be forthcoming.
Firstly, let's consider the support (S1) and resistance levels (R1, R2). Currently, the price has stabilized near a critical support level (S1) at approximately $0.00000853. This level is crucial as it has historically acted as both support and resistance, suggesting a strong psychological price point for traders.
Resistance levels are identified at $0.00002019 for R1 and higher at $0.00004567 for R2. Overcoming these levels would require significant bullish momentum, likely driven by broader market trends or specific catalysts affecting SHIB.
The Relative Strength Index (RSI) is near the 50 mark, indicating neither overbought nor oversold conditions. This neutrality suggests a potential for either movement direction, depending heavily on market sentiment and upcoming news or events that could sway investor behavior.
The MACD, while currently below the signal line, shows signs of converging. A crossover above the signal line could be a bullish indicator, suggesting an increase in upward momentum. However, the histogram reflects minimal momentum in either direction, reinforcing the current market uncertainty.
Given this analysis, the immediate strategy would be to watch for a decisive break either above R1 or below S1. A break above R1 could suggest a potential trend reversal, targeting further resistance at R2. Conversely, a fall below S1 could confirm the continuation of the bearish trend, potentially leading to new lows.
In conclusion, my focus will remain on these critical thresholds (S1 and R1), monitoring for significant price movements that could indicate a larger trend change. The balance between observing technical signals and staying informed on market-wide influences will be essential in navigating SHIB/USDT’s future movements effectively.
shiba inu technical analysis basically on elliott waves principles
shiba can be make a new high
wait and watch
Shib is another meme coin that has showed recent strength.
On the monthly timeframe it has perfectly retested the 21MA as new support and should be ready for continued upside.
I personally don't trade Shiba Inu, but for those who follow the "Shib," it might be useful to know where the orders are on Coinbase. The approximate downside targets can be seen on the chart and in the order book screenshot from Coinbase.
#Shib #ShibaInu
Hey Traders, in today's trading session we are monitoring SHIBUSDT for a selling opportunity around 0.00001630 zone, SHIBUSDT is trading in a downtrend and curently is in a correction phase in which it is approaching the trend at 0.00001630 support and resistance area.
Trade safe, Joe.
Technical Analysis: SHIBA/USDT
A short term transaction
Attention!!!
The digital currency market has a smaller volume than forex
So consider crypto only as holding and not trading.
Before using this signal and analysis, be sure to check your analysis chart.
Attention!!!
In these analyses, only technical analysis is considered
So be sure to check the basic news before entering.
Attention!!!
100% does not exist in financial markets
So don't enter this signal hoping for a definite profit