SHIBUSDT Long
We see potential consolidation on the SHIB H4 chart. The support zone has been retested, and now it’s time to retest the resistance level at 0.028. Potential uptrend of +18%. Good luck!
We see potential consolidation on the SHIB H4 chart. The support zone has been retested, and now it’s time to retest the resistance level at 0.028. Potential uptrend of +18%. Good luck!
DOGE and SHIB have one thing in common : both are meme coins - and that is probably the only thing.
They each take turns to pump and dump, based on their position in the Total Cryptocurrency by Market Cap Rank. One of these, stands to gain much more than the other due to a few reasons as pointed out in the analysis.
Which one are you rooting for this altseason?
Speaking of altseason; don't miss yesterday's important update on BTC, Bitcoin Dominance, TOTAL3 and altseason:
We are looking for more pump here even to targets like 0.000045$ and more and soon we can expect this pump happen and hit our next targes which are red zones on chart.
also major supports are mentioned on the chart because we may have short-term fall first.
DISCLAIMER: ((trade based on your own decision))
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SHIB is the second-largest memecoin of all time, and I believe it hasn't reached its full potential yet. We've recently seen huge rallies in DOGE and BONK (refer to my previous analysis, where we captured over a 50% rise in BONK in just two days). I expect SHIB and DOGE to continue surging in the coming weeks. Notably, SHIB hasn’t reached its Spring 2024 high yet, unlike other memecoins, which gives me additional confidence that SHIB has much more room to grow.
Technical Analysis: Price is rebounding from a monthly demand zone and has created a weekly demand zone by breaking the bearish trendline that has governed the downtrend since Spring 2024.
I'm expecting a retracement back to the weekly demand (marked as the purple zone), which aligns with the Optimal Trade Entry (OTE). It may retrace as far as the trendline, or it may not. I'll be looking for confirmations within the purple zone, labeled 'Max Discount Zone.
SL: 0.0152
TP: 0.0456 (Spring 2024 high)