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Thursday, August 29, 2024

August 29, 2024 at 11:08AM SHIB ANALYSIS

SHIB ANALYSIS

SHIB / TetherUS BINANCE:SHIBUSDT

🔮 #SHIB Analysis 💰💰

🌟🚀In daily chart we can see a formation of "Falling Wedge Pattern" in #SHIB. Currently #SHIB falls from its descending trendline. If #SHIB breaks and holds this pattern then we will see a huge bullish move.💲💲

🔖 Current Price: $0.00001440
⏳ Target Price: $0.00002050

⁉️ 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. 🚀💸

#SHIB #Cryptocurrency #DYOR #PotentialBreakout


August 29, 2024 at 09:44AM Cup and Handle Pattern for SHIB

Cup and Handle Pattern for SHIB

SHIBUSDT SPOT BYBIT:SHIBUSDT

Imagine a refreshing cup of coffee!
Let's break down the **Cup and Handle pattern for SHIB, targeting $0.000017


Look for that classic cup shape, followed by a slight handle. This is your signal that something exciting is brewing!


Watch for the breakout! Once SHIB closes above the handle’s resistance, it's time to dive in. This is where the real journey begins!


Protect your investment! Set your stop loss just below the handle’s lowest point. This keeps your risk in check if the market takes a turn.

Aim for the stars! With a target of $0.000017, calculate your potential profits based on your entry point. Use the height of the cup to project your target upwards!


Is the crowd cheering? Look for increased trading volume at breakout. High volume is like a roaring applause, confirming the momentum!


Keep an eye on the broader market. A bullish trend can give your trade that extra push it needs!


Play it smart! Only risk a small percentage of your capital. This ensures you stay in the game no matter the outcome.


Stay alert, adapt, and enjoy the ride!Happy trading, and may your gains be plentiful!


August 29, 2024 at 08:39AM #SHIB/USDT breaks & retests the Diagonal Triangle upwards in 1-H

#SHIB/USDT breaks & retests the Diagonal Triangle upwards in 1-H

#SHIB/USDT breaks & retests the Diagonal Triangle upwards in 1-Hour TF!

SHIB needs to clear PWH the $0.00001611 resistance level to gain bullish momentum. #ShibUSDT is holding PWL $0.00001298 support level. The breakdown of this support is a bearish sign.