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Wednesday, March 20, 2024

Tuesday, March 19, 2024

March 19, 2024 at 07:39PM Will we see $SHIBA run for a 2nd round? I think we will

Will we see $SHIBA run for a 2nd round? I think we will

SHIB / TetherUS BINANCE:SHIBUSDT

$SHIBA is currently forming a falling wedge pattern and is expected to break out soon. However, its success is dependent on BTC 's performance.


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Monday, March 18, 2024

March 18, 2024 at 04:07PM SHIB - LONG + MAJOR SUPPORT TO WATCH FOR

SHIB - LONG + MAJOR SUPPORT TO WATCH FOR

SHIB / TetherUS BINANCE:SHIBUSDT

Refer to my earlier post on SHIB for my buy levels, which 2/3 hit right on. Currently, we're observing the formation of an inverse head and shoulders pattern. To confirm a bullish trend, we need to surpass the Low Volume Node (LVN) with significant trading volume, which would indicate potential for upward movement.

Crossing my yellow line with volume will send us down the Marianas trench.

It's common to witness a dip below support levels prior to significant price surges; this phenomenon often acts as a "liquidity grab" or "spring," enabling large investors to purchase at lower prices due to the panic selling by others. This strategy allows them to accumulate assets inexpensively without greatly impacting the market price.

The volume surges seen in the hourly charts suggest that there is ongoing accumulation. SHIB is adhering to Fibonacci retracement levels.

While I don't have a specific prediction for the price ceiling, the prospect of reaching a Fibonacci extension of 0.618 or even higher is quite appealing.


March 18, 2024 at 02:44PM SHIB - LONG

SHIB - LONG

SHIB / TetherUS BINANCE:SHIBUSDT

Refer to my earlier post on SHIB for my buy levels, which 2/3 hit right on. Currently, we're observing the formation of an inverse head and shoulders pattern. To confirm a bullish trend, we need to surpass the Low Volume Node (LVN) with significant trading volume, which would indicate potential for upward movement.

Crossing my yellow line with volume will send us down the Marianas trench.

It's common to witness a dip below support levels prior to significant price surges; this phenomenon often acts as a "liquidity grab" or "spring," enabling large investors to purchase at lower prices due to the panic selling by others. This strategy allows them to accumulate assets inexpensively without greatly impacting the market price.

The volume surges seen in the hourly charts suggest that there is ongoing accumulation. SHIB is adhering to Fibonacci retracement levels.

While I don't have a specific prediction for the price ceiling, the prospect of reaching a Fibonacci extension of 0.618 or even higher is quite appealing.