Chart Request on today's show
#shib with a Plan A / Plan B
best price would be to scaling into the trade
... add to entry in the Buy Zone ...
safer entry would be the
break of newly created resistance
(in the Buy Zone)
Market Cap 10.66B
MEME
Not Financial Advise - Entertainment Purpose Only
Always DYOR ( do your own research )
We are looking for a heavy pump here like the green arrows on chart also we can expect short-term fall to 0.000014$ first and after testing this support it will start pumping and first target is +200% as we mentioned it on chjart.
DISCLAIMER: ((trade based on your own decision))
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Here we have identified a breakout on support which can be expected to drop down further with the ongoing bearish sentiment. Look over the price action below the highlighted support for a possible short entry.
On the 4H chart, Shiba shows a return to the right shoulder of a “Head & Shoulders” pattern. The price is near a significant resistance level. If this resistance is broken, the next target is at the upper resistance level.
Trading Scenario:
• Long: If the resistance is broken, aim for the next resistance level to take profits.
• Short: If the price is rejected at the resistance, a pullback to lower levels is possible.
Price hit to supply zone and looks pretty heavy imo. LTF market structer shifted and it gave me confident to enter short side. I am also awaiting bitcoin to drop a litle (see my bitcoin chart on my profile) so they can work together.
Targets can be seen on the chart.
Nothing i share is financial advice. Education purposes only.
Shiba Inu Positioned for Another Rally
Shiba Inu recently broke out from a bullish channel, positioning the price for an upward movement.
On the 60-minute chart, we also see a small triangle pattern indicating a second accumulation phase, increasing the likelihood of a bullish trend emerging soon.
A very strong resistance is expected near the top of the channel pattern. If the price moves above this initial resistance zone, it should further boost the bullish momentum.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
SHIB has formed a good triangle formation. The breakout had just occurred. Continuation will happen after correction.
A monthly level, logarithmic 1:1, VAL lines up to the level!
A possible good long entry for a rotation!
SOS >> shiba fall to 0.0000155 very soon.
This is first target for shot position.
The asset shows the strength and interest of the buyer, after which we will receive a currency rebalance and subsequent volume through day-to-day inefficiencies.
🟢Dialing area: 0.016892-0.015467$
🎯0.01884$ 0.021686$
Examining the daily SHIB/USDT chart, it's evident that Shiba Inu has faced significant volatility, following a declining trend that has recently started to show signs of a potential reversal. The chart exhibits a sequence of resistance and support levels that have dictated price movements over the recent months.
Currently, SHIB is trading at $0.00001176, finding immediate resistance at $0.00001610 (R1), with a subsequent higher resistance at $0.00002035 (R2). There is also a long-term declining trend line, marked as R3, which could act as a crucial barrier if SHIB continues to ascend. On the downside, the support level is established at $0.00001098 (S1), with the price having shown resilience around this mark.
The Stochastic RSI indicator is trending upwards from the oversold territory at 15.90, suggesting a possible increase in buying momentum which might aid in pushing the price towards R1. Conversely, the MACD is currently below the signal line, which typically suggests bearish momentum; however, the histogram is showing a reduction in negative momentum, indicating that the bearish pressure may be waning.
From my analysis, if SHIB maintains its stance above the current support at S1 and continues to attract buying interest, there's potential for it to test the immediate resistance at R1. A strong break above this level could see SHIB aiming for R2, facilitated by increased trading volume and positive market sentiment. Nevertheless, traders should be vigilant of the broader market conditions and news that could impact SHIB's price, particularly due to its high volatility and susceptibility to market sentiment changes.
In conclusion, for those considering trading SHIB, it would be prudent to place stop-loss orders just below the S1 level to manage risk effectively. Furthermore, keeping an eye on the MACD and Stochastic RSI for continued signs of bullish momentum will be key in determining the strength of the current recovery.
Based on on-chain data showing an increase in whale activity, Shiba Inu looks to be close to a possible recovery. More than three trillion tokens were transferred through major transactions on SHIB in the last day, which represents a notable increase in volume. Whale activity spikes like this one are unusual because they frequently occur before big changes in market prices.
The increase in significant transaction volume may indicate that whales, or large holders, of SHIB are getting ready for a possible price reversal despite their recent relative quiet. There is evidence that major players are beginning to accumulate again, as seen by the 165 large transactions that were recorded in the last day with a total volume of 3.02 trillion SHIB.
SHIBUSDT
Chart by TradingView
SHIBUSDT is currently in an accumulation phase, with the price oscillating around the 0.000015 level. The market has bounced off this support level twice before initiating an upward impulse move. The most recent swing upward was stronger than the previous one, signaling a potential increase in bullish momentum. Growing expectations of a possible bull run could act as a trigger for further upward movement. The market continues to bounce off the upward trendline, forming higher lows, which indicates buying pressure. Based on this analysis, the price could retest the channel border, potentially leading to further bullish momentum. The target is the resistance zone at 0.00002.
SHIBUSDT is currently in an accumulation phase, with the price oscillating around the 0.000015 level. The market has bounced off this support level twice before making an upward impulse move. The most recent swing upward was stronger than the previous one, indicating that the price may be gaining bullish momentum. Additionally, there is a growing expectation of a potential bull run, which could serve as a trigger for further upward movement. The market continues to bounce off the upward trendline, suggesting that price action is forming higher lows, a sign of buying pressure. Based on this analysis, I expect the price to test the channel border again, potentially leading to further bullish momentum. My targe is resistance zone at 0.00002
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
We can attempt to short SHIBUSDT from specified level if it break HL , also bearish divergence occur indicate that it moves downward.
SL , TP mention in chart.
On the above 5 day chart price action has corrected 75% since March. A number of reasons now exist to be long, they include:
1) Price action and RSI resistance breakouts.
2) Trend reversal, a higher higher prints with the flag breakout.
3) The Bull flag confirmation. A 2nd impulsive move print takes price action to 0.000074 area or 400%
Is it possible price action corrects further? Sure.
Is it probable? No
Ww
Shiba usdt analysis
4 hours time frame
Risk rewards ratio >2.5
Immutable did pretty good in its last bullish cycle, nothing compared to Injective and FET but still pretty good. As with Bitcoin and everything else in this market, it went bearish in March 2024. It has been bearish since.
In August, after a major low a pull-back was present, we saw prices moving higher. This price bounce is ultra-weak, no volume and lacking bullish momentum, and is being reversed now.
After a very strong lower high, IMXUSDT is full red on the current session and moving below multiple major EMAs, including EMA55 and EMA89. It looks pretty bad.
It moved up together with Bitcoin, it will move down together with Bitcoin.
➖ FETUSDT bearish.
➖ INJUSDT bearish.
➖ IMXUSDT bearish.
➖ BTCUSDT bearish.
They are all one.
➖ ADAUSDT bearish.
➖ DOGEUSDT bearish.
➖ USDT.D bullish (inverse relation).
I shared charts for all these.
I can continue:
➖ SHIBUSDT bearish.
➖ XRPUSDT bearish.
➖ ETHUSDT bearish.
➖ TRXUSDT bearish.
➖ BNBUSDT bearish
It goes on and on.
Seven months going down, almost straight down, and some people are still under the impression that the market is going up. The top happened in March, that was already a long time ago.
Yes, we are going bullish, but only after the low is in.
Bullish at the bottom, bearish at the top.
Thanks a lot for your continued support.
Namaste.
hello guys!
I suppose Shiba hunted the last level!
it is a risky position but I will sit on the short position for this situation!
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