Shib On Verge Of Massive Breakout Seems Like Shib Getting Ready For Breakout
Forming Bullish Pennant In h8 Timeframe Incase Of Breakout Expecting 50 -60% Bullish Move
Keep Eyes On Shib For Breakout
SHIBUSDT
SHIBUSDT to head for next resistance zone around 0.00001310SHIBUSDT is showing strength after consolidating under the 4h resistance zone. Now the price is trading inside the resistance zone and is likely to head towards next resistance zone around 0.00001310. The price might follow the path L4, S5 and L6 as depicted in the chart.
Trend or Counter-Trend ?A possible path for the upcoming days.
Wave degree:
Primary: Wave 5 (larger degree),
Intermediate: Wave 3,
Structures (Intermediate):
Wave 1 = Corrective rally,
Wave 2 = Impulsive decline,
Wave 3 = Impulsive rally
Target-1 = $ 0.000018
February 23, 2023
Check out my previous analysis:
FLOKI/USDT.P looks like a confluence of a number of indicators suggesting a shift in momentum. big break to the upside or downside depending on Bitcoin and Ethereum price action.
SHIB: Descending TriangleShiba Inu (SHIB) technical analysis:
Trade setup : Following a bullish breakout from Falling Wedge and above 200-day moving average, price entered an Uptrend again. Now it’s consolidating in a from Descending triangle Pattern. Wait for a breakout.
Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $0.000012 (previous resistance), then $0.000010. The nearest Resistance Zone is $0.000015, then $0.0000180.
SHIBUSDT likely to bounce to 0.00001256 from weekly supportThe price has now hit the weekly support. This is major support and we should have a good bounce from here. I expect at least a bounce to the nearest 4h resistance zone around 0.00001256 as a first step.
SHIBUSDT to revisit the zone around 0.00001239 Let us take another shot on this one. The likelihood of the price being rejected from the previous support region is high. It may revisit the support region around 0.00001239 which is also indicated by the path price may take.
SHIBUSDT to head again for 0.00001276 levelThe price has almost hit the smaller time frame support just sitting above daily support. It might still go and touch that support. But after that the price shall very likely follow the path L5 as shown in the chart. This definitely will make a case for visiting the 0.00001276 level once again which was the target of the original post.
SHIBUSDT to revisit close to daily supportHow about revisiting the daily support once again at least briefly and shying away only a bit from it.
SHIBUSDT likely to bounce here towards 0.00001276 levelThe price hit the daily support. This should make the price move up at least to 0.00001276 level to the upside.
SHIBAUSDT 6HSHIBAUSDT 6H
It follows the accumulative triangular figure, it needs to break through 0.00001398 to define an uptrend. But if it breaks 0.00001220 then we will start a bearish trend. Let's wait for the next candles. There is strong support at 0.00001256 which I believe will not break above it.
Here are the supports and resistances on the 6H:
Main support levels : 0.00001256 / 0.00001218
Main Resistance Levels : 0.00001366 / 0.00001398
RSI: Neutral
bullish MACD
EMAs are neutral.
🔥SHIB IS GOING UP AFTER THIS MANIPULATION! TWITTER COIN🔥Hi, friends! SHIB as any other altcoins make a pullback before the pump. Our aim is to find the best entry point and enter the long in time.
I recommend you check my trading plan and use it when the huge pullback to the support value areas begins.
📊 TRADING PLAN FOR SHIB:
🔥 break the triangle down
🔥 test the value area $0.01186-0.0122 as the support
🔥 bullish BTC
🚩 Friends, I leave the small probability that the price continue to grow after the breakout of the triangle up. It's around 10-15% probability.
✅ THE MAIN TARGETS FOR SHIB:
1. $0.014 - the key level and even number
2. $0.01575 - the key level and local highs
3. $0.01783 - the key level and local highs
I think the upcoming pump can be related to the Twitter Coin announce, so stay tuned and use these preconditions to open your longs.
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
SHIBUSDT to head higher towards 0.00001374 levelThe price has closed above 4h resistance 2 zone. This shows some strength in the price action and this may lead the price to the next level up. The probability of the price to aim for 0.00001374 level is high.
SHIBUSDT may head for 4h resistance around 0.00001320The price has hit daily support twice and both the times, it had a significant bounce to the next resistance zone. This second bounce currently trying to pierce through the resistance. With a bit of push back, I believe the price is going to move above the resistance zone and may aim for 4h resistance 2 zone.
SHIB: Bullish PennantShiba Inu (SHIB) technical analysis:
Trade setup : Following a bullish breakout from Falling Wedge and above 200-day moving average, price entered an Uptrend again. Now it’s consolidating in a from Bullish Pennant Pattern. Wait for a breakout, most likely bullish.
Pattern : Bullish Pennant Pattern. – forms typically following a sharp advance, followed by a brief triangular shaped consolidation in price (a small change in direction), before the previous uptrend (bullish) typically resumes. The period of consolidation should have lower volume and the breakouts should occur on higher volume.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $0.000012 (previous resistance), then $0.000010. The nearest Resistance Zone is $0.000015, then $0.0000180.
SHIBUSDT heading towards 4h support around 0.00001290The price is heading towards 4h support 2 zone. It is expected to hit around 0.00001290 before any bounce from that support.
There is potential for further growth up to the channel ceilingSHIB formed a range trend over the past weeks between two resistance support ranges, and its price growth stopped when it hit the $0.0000150 range resistance. On the other hand, significant support is considered in the range of $0.0000112 to $0.0000118, in which Shiba is facing increased demand again. As you can see, Shiba's trend is bullish in the daily range and 4-hour timeframe.
As long as the support of $0.0000110 to $0.0000106 is maintained in the 4-hour timeframe, there is potential for further growth up to the channel ceiling. So, Shiba's targets will be in the range of the previous roof, and if it is broken, the second target will be in the range of resistance 0.0000170 to 0.0000185 dollars. For the short term, if the $0.0000122 support is broken, the identified support levels, especially the second support, will be targets for sellers. These supports are confirmed by the Smart Money indicator on the 4-hour timeframe and are important ranges for Shiba.
SHIBA Weekly View - February 2023Hello Guys, Weekly Analysis is on the SHIBUSDT Symbol in a 4H Time frame, I Hope it Will be Useful for You, Don't Forget to Like, Follow, Comment
SHIB USDT BINANCESell order @1800
Waiting on Shibarium launch pump before it’s released
Could be huge pump
I’m ok with 34-36% move and Take Profit
DYOR
THIS ISN'T FINANCIAL ADVICE!!
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SHIBA : TREND VIEWSHIBA Showing depends on a low time frame increase view.
we will follow this coin to check the trend out.
🌠We will monitor SHIBA to see if it shows any upward movement in the lower time frames. If the trend looks promising, we will continue to track it beyond the initial 24-hour period
Shiba is known as one of the top-holding coins by TOP whales, further, it's a coin that did break out more times by 30%
Will SHIBA break out this time with a 100 % increase and up?
This is exactly what we will follow coming time depending on this update.
There is no guarantee in the markets, always use the best possible risk management.
We will follow it since it seems interesting, if it breakout, then at last we have it on a watchlist.
Shiba is a coin that can affect slowly price action, but at the same time when there is a whale trend, it can show unexpected increases.
Shiba Inu longSymmetrical triangle on Shiba Inu chart is broken up. Bullish movement to resistance level at 0.00001574 is expected to happen.
SHIBUSDT again heading for 4h resiatnce zone around 0.00001370The price is ranging between the support and two resistance ranges. Currently hitting the 1h resistance turned support area. I think it should again aim for the 4h resistance 1 zone.
