Trade ideas
Shib to the moon soonI have used time cycle and wave theory analysis to this chart.
As per wave theory, we can clearly see 4th wave is completing. 5th wave will take it to new all time high.
As per time cycle, I see on every 18 day period, Shib starts its upward journey.
Time period is indicated by light blue vertical lines.
Currently it is consolidating and getting ready.
As per the cycle, I see 9th Nov could be an important day for it.
We can also strengthen our idea once we start seeing volume increasing.
Disclaimer: I am not sebi registered. This chart is for educational purpose. Pls consult your technical advisor before investing.
Shiba Inu price prepares to eat another zero1/ Shiba Inu price has formed a bull pennant pattern and shows a 300% uptrend.
2/ The meme coin’s rally could result in SHIB eating away yet another zero from its value.
3/ The bullish thesis will end if Shiba Inu price drops below $0.000020 and could further continue a downtrend.
Forgot to post this on October 21. So, posting it now.
SHIBA INU CONTINUES ITS PIRCE RALLY, OTHER CRYPTOS KEEP LOW KEY Today, the top cryptocurrencies are not in a good place as the price of Bitcoin and Ethereum is going down. Analytics Insight has listed the top 10 current cryptocurrency prices on November 1, 2021
Bitcoin- US$60,646.29 (down by 1.41%)
Ethereum- US$4233.06 (down by 3.18%)
Cardano- US$1.93 (down by 2.40%)
Binance Coin- US$512.82 (down by 2.74%)
Tether- US$1.00 (down by 0.11%)
XRP- US$1.09 (down by 2.43%)
Solana- US$203.05 (up by 4.86%)
Polkadot- US$42.39 (up by 1.39%)
Shiba INU- US$0.00007182 (Up by 6.72%)
Dogecoin- US$0.27 (up by 0.16%)
Everything seems clear in 4hour chartAfter Touching ATH the price finds a support at yellow rectangle box . Which is also a buy zone(Partial) and tight stop loss below that . And if Breaks out the forming triangle then new ath is coming .
Well how much ?? First target woas at 12200 level but us there the rally go over , then i think no ..another parabolic move loading .
This is for educational purpose only .Kindly do ur own research before investing in any Market .
The giant taking Some restI simply don’t understand why most people panic when they make a 10x profit in small time frame but can’t bear 20% correction to go …
well well i am strongly more bulllish on shiba then before ..both technically and fundamentally.
why ? It made a Large bull run last 3 days so it surely need a correction that’s what he doing …Taking rest forming an Symmetrical triangle ..Two support what we can see here …
so stay alert on those …if break down then only i will exit other wise I m hodl ..
my analysis if for education purposes only..Do ur own research before investing .
TRADING A BREAKOUT ft. SHIBWhile trading a breakout make sure you follow this strategy:-
1) Spot a bullish/bearish pattern (LONG/SHORT)
2) Look for a solid BREAKOUT by a green bullish candle (for if you're going long) and red bearish candle (if short) accompanied by a rise/fall in volume and bullish/bearish RSI (preferably above 60 for long & below 40 for short)
3) RETEST - A candle that touches your breakout zone and make sure it does not close below the zone. Most traders buy here but if you are still doubtful, after all Every trader has FOMO (Fear of missing out) and it's normal :)
Then always wait for a confirmation candle which should give a solid buy signal, a bullish (For going LONG) & a bearish (If short)
Usually I take 1:3 RISK-TO-REWARD Ratio so set a target, Stop loss and you are all set to rock.
THANKS FOR READING.
Presented to you by Lekisha Katyal
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