shiba
hello everyone
Shiba either returns to the bottom of the channel and adds a zero, or breaks and stabilizes the channel ceiling and reaches the next target.
What do you think?
hello everyone
Shiba either returns to the bottom of the channel and adds a zero, or breaks and stabilizes the channel ceiling and reaches the next target.
What do you think?
It's no brainier for me not to take Long from here.
But always as i saw take smaller % because confirmation haven't happened yet.
Logarithm. Time frame 1 week.
Line chart, without market noise.
๐ฎ #SHIB Analysis - Update ๐๐
๐ฒ As we said earlier #SHIB performed the same. More than 40% move already done in #SHIB Now we can see a little retest from its major resistance zone and after that a bullish move would be seen
๐ธCurrent Price -- $0.00002127
๐Target Price -- $0.00002747
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. ๐๐ธ
#SHIB #Cryptocurrency #Breakout #DYOR
๐ Technical analysis: The scenario of the 3rd wave of the rising super cycle
- In the analysis presented in the previous post, after an upward wave up to the area of 2.618, the previous wave itself experienced significant growth.
- Currently, in the weekly time frame, after going through a downward trend in a channel, it managed to have a complex structural correction to the green box range, which led to an exit from the channel.
- Therefore, according to the current momentum, it will have the ability to reach the target of Fibo 1.618 range and then up to its previous ceiling.
- After that, if the previous ceiling is broken, the rising wave can extend to the specified supply area.
๐ In addition, if the previous floor or green box of stabilization occurs, the bullish scenario will be invalidated.
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SHIBUSDT
A bullish trend, uptrend or bull-market, is defined by higher highs and higher lows.
Shiba Inu (SHIBUSDT) hit bottom in June 2023 and proceeded to produce a strong bullish wave. The recovery wave or initial bullish breakout. Phase 1 of the bull-market.
This wave peaked in early 2024, March, and produced a classic correction.
This correction ended in early August 2024. This low ended as a higher low compared to the low that was hit in June 2023. This means that we are in bullish territory.
Right now we are seeing strong bullish action and potentially the resumption of the bullish trend/move.
Now, this move can hit a lower high compared to the peak in March, then another higher low followed by higher prices... This is a long-term process and will continue to develop for more than a year. This is explained in detail in the SEIUSDT trade-idea which is shared here for your convenience.
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