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SHIBUSDT.5L trade ideas

SHIB: Bullish Momentum Building with W Pattern Formation💎 SHIB has broken out of a falling wedge pattern and is currently forming a W pattern on the demand level. There is also a possibility of a further retracement back to the demand area to gather more support. 💎For confirmation of the bullish reversal W pattern, we would need to see a candle closing above the resistance level of 948. This would validate the pattern, and we could then anticipate targets up to the next resistance levels of 1035 and 1107. 💎However, if the price declines below to the demand area, there could be a bearish move. Yet, considering the overall bullish sentiment in the market, it might be prudent to focus more on potential bullish opportunities and perhaps disregard bearish scenarios for now.
by MyCryptoParadise_Nathan
2
SHIB/USDT 800% Potential in Bull Run ( Bullish Analysis )SHIB/USDT Long-Term Chart Analysis Current Price: $0.00000940 After a -94% correction from the All-time High, SHIB is up 70% from the recent bear market bottom. Chart analysis suggests a potential breakout in the High Time Frame (HTF). Breakout Level: $0.00001050 Long Term Targets: $0.000017 / $0.000027 / $0.000038 / $0.000067 Secondary Entry ( if Market Crash): $0.00000750 Potential Breakout Ahead: SHIB is on the verge of a breakout in the HTF. Waiting for confirmation for a good entry. Long-Term Strategy: Accumulate during dips for significant returns. Targets are considered as resistances in the long term. Future Expectations: Anticipate substantial returns, especially during the MEMES trend. Long-term targets set for potential future growth. Follow me Friends.
Long
by CryptoPatel
1
MTF Analysiss Points to Potential Reversal and BullishShibUSDT's Multi Time Frame Analysis Points to Potential Reversal and Bullish Rally Weekly Time Frame Analysis: Falling Wedge Pattern Signals Reversal Potential In the weekly time frame, SHIBUSDT (SHIB) displays a Falling Wedge Pattern, a technical formation characterized by converging trendlines slanting downward. This pattern suggests a potential reversal from the prevailing downtrend. Currently, the price is consolidating near a critical support level, indicating a crucial decision point for the SHIBUSDT. Traders are closely monitoring for a breakout above the ChoCh zone at $0.0000979, which could ignite a significant upward move. Conversely, a breakdown below the support zone at $0.0000619 may lead to further downside pressure. Previous Bullish Rally and Reversal Expectations Reflecting on the mid-December 2022 period, SHIB experienced an impressive bullish rally, with the price surging by 100% over three weeks. However, the subsequent failure to sustain those elevated levels resulted in a retracement back to the support zone. The current consolidation near this support area provides a potential reversal spot. Traders are optimistic and anticipate a target level of $0.00001511 as SHIBUSDT aims to regain bullish momentum. Daily Time Frame Analysis:Descending Channel Pattern Indicates Consolidation Examining the daily time frame, ShibUSDT has been consolidating within a Descending Channel Pattern since February 3, 2023. This pattern suggests a period of consolidation and indicates a pause in the price's previous movements. Traders utilizing the Smart Money Concept might consider initiating long positions near the support level of $0.00000700. By strategically entering at this level, they position themselves for potential gains as the price potentially resumes an upward trajectory. The target for this trade would be set at $0.00002071, with a corresponding support level at $0.00000621. Multi Time Frame Analysis Supports Reversal and Bullish Momentum The comprehensive multi time frame analysis of SHIBUSDT reinforces the potential reversal patterns and bullish outlook. The Falling Wedge Pattern observed on the weekly time frame, along with the consolidation near the support level, suggests an imminent breakout. Simultaneously, the Descending Channel Pattern identified on the daily chart confirms a period of consolidation, providing opportunities for traders to strategically enter positions. Market participants keenly watch these patterns, eagerly anticipating SHIBUSDT’s potential reversal and subsequent bullish rally.
Long
by TheNewsCrypto
Shiba Inu's Rollercoaster Ride Takes a Twist! Brace for Sideways📉🐕 Shiba Inu Update: SHIB Faces Challenges Amidst Market Volatility 📊💼 Over the past month, Shiba Inu's native token, SHIB, has been navigating a challenging market, experiencing a significant decline of more than 30%, falling from its previous value of $0.00001067. 📉💔 The immediate resistance level to watch is set at $0.0000080, and it's crucial for investors to keep a close eye on this level. 🧐💼 However, the bulls are encountering several hurdles along the way. SHIB's price currently hovers below key moving averages, including the 20-day, 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs). This suggests a challenging road ahead. 📈📉 When analyzing the daily RSI, there are glimmers of hope, as it shows signs of a slight recovery. This indicates the potential for some upward momentum in the near future. 📈📈 MACD continues to trend into negative territory. However, it's noteworthy that it's displaying a preference for the bulls, which might indicate a shift in momentum. In these volatile times, it's essential for Shiba Inu investors to stay informed and exercise caution. Stay tuned for further updates as the market dynamics evolve. 🚀📢 #ShibaInu #Cryptocurrency #MarketAnalysis #SHIBToken #Investment #CryptoNews #MarketVolatility #TradingTips #FinancialMarkets
by lee_dynamo
Explosive Head and Shoulder Pattern Forming On SHIB/USDT💎Paradisers, turn your attention to SHIB/USDT. The 1-hour chart shows a head and shoulder pattern forming. After achieving higher highs, the price began to carve out lower lows, laying the foundation for this pattern. If it drops below the neckline and the important demand area at 0.00000931, it would validate the lower low trajectory. We might then see a move down to the next demand area near the 200 EMA at 0.00000907. 💎 If the price breaks above 0.00000975 the right shoulder, It could invalidate this pattern. 💎This 200 EMA could act as a gravitational pull, might attract the bears. Stay alert and plan your strategies carefully, ParadiseSquad!
Short
by MyCryptoParadise_Nathan
Technical Analysis of SHIB/USDT :- Buy for the Bag? Buyers' Area at 690-700: The SHIB/USDT pair has shown a consistent pattern of support within the range of 690-700. This area has proven to be a strong support level in the past, with the price often rebounding from this range. Traders looking to enter the market can consider buying within this area, as historical data suggests a high probability of price appreciation. Expected Price Bounce towards 830-840: Based on the recent price action and technical indicators, there is a strong likelihood of a bullish reversal in the SHIB/USDT pair. We anticipate a potential price bounce towards the range of 830-840. Traders aiming for a short-term profit may consider setting their take-profit targets around this range. Traders should consider setting a stop-loss order below the identified buying area to protect against unexpected price declines. This will help limit potential losses and preserve capital in case the market moves against the anticipated trend. Conclusion: In conclusion, the technical analysis of SHIB/USDT indicates a potential bullish reversal. With a buying area between 690-700 and an expected price bounce towards 830-840, traders may find attractive trading opportunities. However, it is important to implement effective risk management strategies and stay informed about any significant market developments.
Long
by Un_trade
SHIB INU PUMP! OR DUMP!We would like to take this opportunity to address the current situation regarding the bids for Shiba Inu, particularly those below the value of $ 0.00000681. While the market conditions may seem challenging at the moment, we encourage you to remain positive and optimistic. It is important to note that the potential for a significant price increase in the near future exists, primarily driven by the forthcoming launch of Shibarium. Shibarium's introduction is expected to have a profound impact on the Shiba Inu ecosystem, as it brings forth new opportunities and advancements. Given the fundamental developments surrounding Shibarium, we believe there is a strong foundation for growth and potential price appreciation. The launch of this innovative platform can potentially attract increased attention, participation, and adoption within the Shiba Inu community, thus positively influencing the market dynamics.
Long
by ETH-WHALE_ID3313
SHIB[Shiba Inu] ready to pump again?!! 👀 SHIB today analysis💎"Paradisers, get ready for a potential spectacle as SHIB/USDT lands in a robust demand zone! This area carries historical weight, with previous years seeing remarkable price surges springing from this very zone. 💎The volume profile narrates a thrilling story, hinting at an extended accumulation phase. This suggests a significant wave of buying interest at these levels, potentially setting the stage for a dramatic upward move. 💎However, prudence is recommended as market conditions can be volatile. While the demand zone offers a promising opportunity for price appreciation, it doesn't assure an immediate surge. It's vital to consider additional technical indicators, overall market sentiment, and broader cryptocurrency trends to confirm potential price action. 💎Keep a vigilant eye on SHIB/USDT within this demand zone and look for confirming signals before making any trading decisions. Key support and resistance levels, trading volumes, and bullish price patterns should be monitored for further insights. 💎Stay abreast of the latest market developments, breaking news, and detailed technical analysis to make informed decisions regarding SHIB/USDT. Prepare for potential fireworks in this thrilling market!"
Long
by MyCryptoParadise_Simon