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Shibacoin

$SHIB support and green zone for buying long and refillI have been following CRYPTOCAP:SHIB for quite a long time, and it is in a very long downtrend. This chart is similar to the setups I have created for other coins; it highlights a great zone to refill your portfolio with a high probability of good performance. DYOR, check my other setups; they are all good and doing +30% with no leverage. Don't forget to take your profit and control your greed. Meme coins are not for holding long-term—make a profit, sell, and buy another one. We are in a CRYPTOCAP:BTC downtrend, so it's time to catch opportunities. In 2 months, the current prices will look very cheap. An entry at 0.000015 or less is a bargain. Then, just wait 2 months and sell at the top of the altseason.
Long
by CryptoNikkoid
Why I say SHIBA INCREASE is CLOSE We'll take a look at a few methods of chart analysis that ultimately says a Shiba Inu increase season is on the horizon. ✅ RSI The RSI has been fair to low for an extended period of time. We also observe a bottom out on the RSI where an all time low is observed for the year, likely indicating the bottom is in: ✅ V-Shape Recovery A strong V-Shaped recovery is observed in the 4h, indicating buyers were ready to scoop up lower prices: So what are we waiting for? 👉 Technical Indicator In order to send SHIB, we will first need to see the price close ABOVE the trendline, at which point a "BUY" alert will go off: What would invalidate my bullish sentiment, is IF the price is unable to et back above the trendline pointed out above on the technical indicator, and IF we lost the higher lows: _______________________________________ BINANCE:SHIBUSDT
Long
by CryptoCheck-
SHIB Burn Rate Spike 7300% Sparks Potential for a BreakoutThe Shiba Inu coin (SHIB), often referred to as a meme cryptocurrency, has captured significant attention in the crypto community with a dramatic increase in its burn rate. The recent surge of over 7300% in SHIB's burn rate has sparked optimism and speculation about a possible price rally. Burn Rate Skyrockets According to Shibburn, the burn rate for Shiba Inu ( CRYPTOCAP:SHIB ) soared an astonishing 7334.38% in the past 24 hours, with 2.37 million coins being destroyed. This significant reduction in the coin’s total supply, now trimmed to 589.27 trillion CRYPTOCAP:SHIB , has reignited hope among investors and market watchers. Over the past week, a total of 70.44 million CRYPTOCAP:SHIB were incinerated, further emphasizing the aggressive burn strategy. Market Reaction Despite the burn rate spike,$ SHIB's price has been on a downward trajectory, slipping to $0.00001673, a 3.04% dip at the time of writing. The coin's recent high was $0.00002 on July 16, but it has since faced a steady decline. This price movement has raised concerns among investors, especially given the recent increase in burn activity. Technical Analysis and Market Sentiment Recent CRYPTOCAP:SHIB price analysis indicates a positive sentiment for the asset’s future. The coin is currently navigating a downtrend within a falling wedge pattern, a formation often seen as a precursor to a potential breakout. Further accentuating to the bullish outlook is the Relative Strength Index (RSI) which sits at 44.85. The maturity of this pattern suggests that the downtrend may be nearing its end, paving the way for a possible price pump. Shiba Inu also shows pattern of a Golden cross which is a major bullish reversal pattern it occurs as the result of a crossover of the 200-day average by the 50-day average. Furthermore, SHIB’s futures open interest (OI) rose by 0.81% to $41.56 million, and derivatives trading volume spiked by 42.52% to $68.79 million. These indicators show a growing interest in SHIB among investors, despite the recent price dip. Shibarium's Role Shibarium, Shiba Inu’s Layer 2 (L2) solution, has recently surpassed 6 million blocks, marking a significant milestone for the coin’s ecosystem. This development, coupled with the increased burn rate, suggests a robust underlying framework that could support future price growth. Future Outlook A bullish signal that could indicate the end of the downtrend. With the burn rate surge and strong technical indicators, there is a growing belief that SHIB could reach the $0.0000377 target in August. Conclusion The Shiba Inu coin’s dramatic increase in burn rate and the associated market optimism present a compelling narrative for potential price growth. While the coin has faced a recent decline, the underlying technical and market dynamics suggest a possible turnaround. Investors and market participants should watch closely, as SHIB's price action in the coming weeks could confirm or challenge these optimistic projections.
Long
by DEXWireNews
SHIB/USDT Trading ScenarioAmid the overall negativity in the cryptocurrency market, SHIB has significantly dropped in price, falling from a local high of $0.00004605 to $0.00001272. This decline amounts to more than 70%. The asset's price has nearly reached a range of global interest among participants, as confirmed by the volume profile. Currently, there is an attempt to recover the price and consolidate below the downward-sloping resistance level. We can anticipate a breakout of the downward-sloping resistance level, followed by consolidation above it and further price growth. The resistance level may be at $0.00002963. However, the possibility of continued price decline should not be ruled out, with a potential drop to the Point of Control (POC) at $0.00001032 and a subsequent bounce from that level.
by Rick_SimpleSwap
$SHI / USDT bullish wave coming soon. Be ready!CRYPTOCAP:SHIB is in a bullish pennant flag that is about to break out to the upside. It is a beautiful flag with a huge pole, perfectly executed. The Fibonacci retracement is giving us the target price (TP) with 100% potential. Just follow the chart; it is pretty obvious. The Stochastic RSI is about to pump on the daily chart. Everything is aligned for a bullish wave. DYOR (Do Your Own Research), as anything can happen. This is my personal opinion, not investment advice.
Long
by CryptoNikkoid
6
Trading Analysis of Shiba Inu (SHIBA) - 4 Hour timeframeTrading Analysis of Shiba Inu ( COINBASE:SHIBUSD SHIUSD) - 4 Hour timeframe Overall Trend: Downtrend: The price being below the 50, 100, and 200-period moving averages since June 7th suggests a strong downtrend. Short-term movement: Difficult to assess: A 4-hour timeframe doesn't provide enough information to definitively say if there's a current uptick or just a small consolidation within the downtrend. Volume: High Volume: The volume of 140 billion is significantly higher than usual, which could indicate increased selling pressure or potentially a buying opportunity depending on price action. Momentum Indicators: RSI (30.00 - 40.00) : This indicates oversold territory. Oversold readings suggest the asset might be undervalued based on recent price movements, but they don't guarantee an immediate rebound. MACD: The MACD signals being below the histogram since June 7th confirms the downtrend in momentum. Summary: The technical analysis of SHIBA on a 4-hour timeframe leans bearish. The downtrend, high volume, oversold RSI, and MACD below the histogram suggest continued selling pressure. However, due to the limited timeframe, it's difficult to say for sure if there's a short-term reversal or just a pause in the downtrend. Here are some additional things to consider for a more comprehensive analysis: Longer timeframes: Analyze daily, weekly, and monthly charts to understand the bigger picture. News and Events: Look for any recent news or events that might be impacting the price of Shiba Inu. Market sentiment: Consider the overall sentiment in the cryptocurrency market. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions in cryptocurrency, as the market is highly volatile. "In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten. I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading: "Now is the time to buy".
BITSTAMP:SHIBUSDShort
by rodulfox
SHIB TM : 1hHello traders. I hope you doing well. These areas are based on my personal strategy and I will share it with you. Open a sell position on the supply area or open a buy position on the demand area. Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account. But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading. I hope you will achieve maximum continuous profit with me by using supply and demand areas. Good luck traders. Mohammad Goodarzi
by itsbluemorpho
SHIB - DUMP Incoming 📉📉Hi Traders, Investors and Speculators of Charts📈 Shiba was unable to breakout above the recently formed pennant pattern in the weekly timeframe. Usually pennants are bullish but if the pattern fails a huge downside can be expected, indicating weakness and dominant sellers. The next likely support is only at the moving averages, with both the 50d and 100d roughly at the same place (price tags on the right hand side). If the markets do not turn around in the immediate future, SHIB could drop as much as 40%, since it drops much harder than BTC and ETH during liquidity rotations. Considering that this is the weekly timeframe, it may take some time for the price to reach the moving averages trendlines. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:SHIBUSDT
Short
by CryptoCheck-
1
SHIBUSD Shiba Inu Unlocking Profit PotentialButterfly Harmonic Pattern Formation: SHIBUSD is currently displaying a formation of a Butterfly Harmonic Pattern, indicating potential bullish momentum in the near future. This pattern is characterized by distinct Fibonacci levels and specific geometric shapes. Trendline Confirmation: The pattern is further validated by the presence of a trendline, adding confluence to the bullish bias. The intersection of the trendline with the Butterfly Harmonic Pattern enhances the significance of the potential reversal. Key Support and Fibonacci Level: Point D of the Butterfly Harmonic Pattern coincides with a key support level and the 0.786 Fibonacci retracement level. This convergence strengthens the reliability of the bullish setup, suggesting a favorable entry point for traders. Trade Setup: - Entry: Long position initiated at 0.00002230, aligning with the bullish confirmation at Point D and the confluence of support and Fibonacci levels. - Stop Loss: Placed at 0.00001823 to mitigate potential losses in case of adverse price movements, maintaining risk management principles. Profit Targets: - TP-1: Set at 0.00002838 to capture the initial bullish momentum and secure partial profits. - TP-2: Positioned at 0.00003250 to capitalize on extended upward movement, reflecting a conservative profit-taking approach. - TP-3: Targeted at 0.00003835, aiming for further upside potential and maximizing returns while adjusting risk exposure accordingly. Conclusion: Based on the technical analysis, SHIBUSD presents a promising opportunity for bullish trading, supported by the formation of a Butterfly Harmonic Pattern, trendline confirmation, and confluence of key support and Fibonacci levels. Traders are advised to exercise prudent risk management strategies and adhere to the outlined trade setup for optimal performance.
Long
by trading_jupiter
1
SHIBA: Important Pattern - UP or DOWN? 👀👇📉Hi Traders, Investors and Speculators of Charts📈 We observe an important pattern on Shiba Inu - the Flag Pattern, also known as the Pennant. From here, ONE KEY THING will give away where the price is going next. Make sure you know what to look for and don't miss it! Another altcoin to watch closely, is LTC where we recently saw a VERY bullish sign. Find it here: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:SHIBUSDT
by CryptoCheck-
1
Bullish Breakout After Forming Double BottomSHIB has found strong support around $0.00002640 , forming a double bottom pattern on the daily charts. This bullish reversal pattern suggests a potential trend reversal and a breakout to the upside. The price has already risen to $0.00002864 , which I view as a breakout sign. Resistance Levels to Monitor - The first hurdle for SHIB's bullish momentum lies at $0.00002960 . If the price can overcome this initial resistance level, it could pave the way for further gains. - The second resistance zone is between $0.00003050 and $0.00003200 , an area where many experienced traders are likely to take a profit. A successful breakout above this zone would be a significant bullish development. - Finally, if SHIB can surge past $0.00003200 , it could encounter resistance around $0.00003455 . Crypto Impact The overall health of the cryptocurrency market will significantly influence SHIB's price trajectory. If the current bullish momentum in the broader market wanes, SHIB's breakout attempt could falter. In a bearish scenario, SHIB could potentially fall back down to its support level around $0.00002375 .
BITSTAMP:SHIBUSDLong
by Z4F4R
1
SHIB Shiba Inu Technical Analysis PLUS Risk Management ConceptsIn this video, we analyse a potential trade idea for Shiba Inu. We delve into the trend, examine price action, evaluate market structure, and identify a potential entry point based on favourable conditions outlined in the video. Additionally, I discuss my risk management strategy. Traders who lack a robust risk management plan expose themselves to high risk and often have negative trading experiences. It's crucial to incorporate sound risk management into your strategy, as we emphasize in the video. As always, please note that this information is strictly for educational purposes and should not be construed as financial advice.
Short
by fxtraderanthony
2
SHIBUSDT Shiba- Don't Miss Out! Buy Now for the Next HUGE PUMPInvestor attention is currently fixated on Shiba Inu (SHIB), and for good reason. Analysis reveals a prime opportunity for substantial gains, with an estimated 90% pump expected in the near future. Positioned within a huge area ripe for exponential growth, SHIBUSDT presents an unparalleled opportunity to potentially double your investment. The combination of market dynamics, increasing investor interest, and a surge in trading volume indicates an impending bullish rally. With the potential for such significant gains, now is the time to capitalize on this trading idea. Don't miss out on what could be a lucrative opportunity to maximize your returns with SHIBUSDT.
Long
by MOAZAM1133
2