💎 SHIBUSDT presents a potential opportunity if it manages to break above the resistance zone and resistive trendline.
💎Currently, SHIBUSDT is forming a W pattern at the Bullish Order Block (OB) level, indicating a potential bullish move following a breakout above the resistance and trendline.
💎In the event of a pullback, we might anticipate another bounce from...
Shiba Inu Coin (SHIB): The Dog-Themed Crypto with Bite
Fundamentals:
Launched in August 2020, Shiba Inu (SHIB) is a decentralized meme token built on the Ethereum blockchain.
Inspired by Dogecoin, another memecoin featuring a Shiba Inu dog, SHIB aspires to be an Ethereum-based alternative.
Unlike scarce cryptocurrencies like Bitcoin, SHIB boasts a vast supply...
SHIB: Meme Token Breakout Potential
The popular meme token SHIB has seen a significant spike in interest over the past 10 days, with its price rallying alongside the increased attention. Currently, SHIB is resting on the 10MA, which could act as a support level and bounce off.
Technical Analysis:
- The recent price action has formed a bullish flag pattern, which...
💎 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...
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...
ShibUSDT'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...
📉🐕 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...
💎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...
