shiba inu target of 0.0002 USDT within 3-6 months, 700% move com
shiba inu target of 0.0002 USDT within 3-6 months, 700% move coming. :)
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 $0.000075
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Following through from our previous analysis
According to the structure of the waves, it seems that the SHIBA correction will continue.
The correction has started from where we entered "START" on the chart.
It seems that we are in an ABC or a more complicated pattern.
Wave B looks like a triangle with only one wave left.
We expect another downward wave from the red range.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Blaming someone is the easiest thing to do in the world. But the most difficult is to face the truth
It seems like the price is getting close to the apex of the Massive Bull Pennant Formation, and now is the time to keep an eye on SHIB! If you're looking to trade SHIB at the moment, here's a quick setup that you might find helpful!
The idea is: Buy when the price breaks above 0.0000301$ and take profits at the levels shown in the chart.
Targets:
1. 0.0000313$
2. 0.0000328$
3. 0.0000348$
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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!
After breaking the triangle π in price we can see bullish π senerio
Based on the pattern observed during the previous bull market in 2021, it is quite possible that the value of SHIB could reach $0.0001 during this cycle. Although this may seem like a significant increase in the market capitalization, it is important to remember that anything is possible in the world of cryptocurrency. Additionally, the burning rate of SHIB is increasing exponentially, which could have a positive effect on its value.
The SHIB/USDT pair has recently experienced a perfect breakout of a triangle pattern, which has already been confirmed. The retest following the breakout is nearly complete, indicating a potential bullish move in the short term. It is advisable to keep a close watch on this development. Please note that this information is not financial advice; it is essential to conduct your own research (DYOR) before making any investment decisions."
SHIB forming a breakout candle on a short timeframe. Would wanna see it 0.00003200 levels and beyond!
Status: Shiba (presumably referring to Shiba Inu is currently at a point of hesitation between bullish and bearish sentiments. The market appears to be in a state of indecision, with conflicting signals indicating potential shifts in either direction. Traders and investors are closely monitoring the situation for clearer market direction.
The price seems ready to take off; now is the time to watch SHIB closely! If you're looking to trade SHIB at the moment, here's a quick setup that you might find helpful!
The idea is: Buy when the price breaks above 0.0000286$ and take profits at the levels shown in the chart.
Targets:
1. 0.0000297$
2. 0.0000315$
3. 0.000033$
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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!
Hit my buy target over the weekend, see previous post. We are sitting ok at this level. Bulls are putting up a fight, if we break below this area, my next buy target is .000024, If we hit that I will re evaluate.
Remember, we are likely heading into a bull cycle, and its just begun, this gives more time for accumulation.
Good Luck