Short trade
12th April 2024
12:00 PM New York Session
Entry: 0.000026529
Profit Target: 0.000023693 (10.69%)
Stop Loss: 0.000026797 (1.01%)
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 ๐ in price we can see bullish ๐ 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
Let's understand what SHIB is doing from the weekly timeframe, and it all depends on the BTC halving. Pepe has already taken its own path, not worrying about BTC. Now, if we are to believe LUCIE, (the marketing manager of SHIB) who said to expect a new ATH around the halving and mentioned buying the dip (https://ift.tt/SUit25T), let's see that the buyers on this week are on 0,00002750 (here's the area where significant purchases happened today).
I believe this week will be crucial to understand if the SHIB team is still bluffing, given the performances of PEPE, BONK, and surely soon BOME, it will no longer have excuses for its failure.
I want to remain LONG and hope that with the breakout of last week's high, SHIB finally returns to its ATH and creates a new one on 0,00013 (FIB 1,618 next level).
Contact us for more crypto analysis at https://ift.tt/AMN0f51
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 0.0000314$ and take profits at the levels shown in the chart.
Targets:
1. 0.0000325$
2. 0.000034$
3. 0.0000355$
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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!
๐ฎ #SHIB Analysis ๐ฐ๐ฐ
๐๐ There is a complete formation of Cup and Handle Pattern in #SHIB. We are just waiting for a perfect breakout. If #SHIB breakout with good volume then we will see a very good bullish move.๐๐
๐ Current Price: $0.00003020
⏳ Target Price: $0.00004454
⁉️ What to do?
- We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #SHIB. ๐๐ธ
#SHIB #Cryptocurrency #DYOR
Shiba inu forming a volcano and there is a high probability to form a big ash of smoke of what has been burned to go with the price high level, just watch
Hello traders,
What are your thoughts on SHIB/USDT?
Maintaining its ascent, SHIB/USDT showcases a commendable rally, drawing strength from a rebound off the EMA 34 line—a sure sign of bullish tenacity.
I'm poised to enter a long position, eyeing a profit target at the marked zone. Are you on board with this bullish perspective, or do you see it differently? Let's navigate these crypto waters together!
Following Shiba's precise entry into the Buy Area:
We have entered into the upper trading range with good volume, Now targeting .00003192 as my accumulation are, if we don't hit it so be it, but this is the true support, see LVN, LVS are areas where you see the lack of aggressive buyers or sellers depending on which side of the PoC it is, Top or Bottom.
It will be interesting to see, .0000.3731 is a really crucial resistance, we retest that, with volume and no rejection, we can head into uncharted territory.
SHIBUSDT is likely to continue it's streak for Higher Highs and Higher Lows. On an hourly timeframe, SHIBUSDT printed an inverted Bullish Hammer which suggests that the Bulls will be dominant.
All things are going well to make big history
Get ready shibaarmy