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SHIBUSDT trade ideas

SHIBA Bulls In A Tough Spot With BearsShiba Inu has a market cap of $12.8 Billion and is ranked 11th in the CMC. The volume of the asset price has observed a surge in the overall volume with a VM ratio of 0.05. It is suggesting a weak consolidated pattern in the price. SHIBA is currently trading near the value of $0.00002184 with a loss of over 10% in the intraday session. SHIBA is currently forming a strong bearish candle on the daily chart. It is trading below the 50 and 100 EMA and can see a negative crossover in the future. The upside trend of the SHIBA can see a halt near the value of $0.000035. Meanwhile, the support of the asset price can be observed near $0.0000185. The RSI of SHIBA is currently near 37 with a negative slope in it. The overall sentiment of the RSI is bearish in nature.
by Ritika_TCR
Are SHIB Bulls Ready For A Great Run?SHIBA Inu has a market cap of $14.2 Billion and is ranked 11th in the CMC. The volume of the asset price has seen a surge of over 75% in volume over the last 24 hours. Meanwhile,the token price is trading near $0.00002422 with a gain of over 1.5% in the intraday session. The upside trend of the asset price can see a halt near the value of $0.0000325. The downside trend of the token price can observe a halt near $0.00002 The current MACD line is below the signal line while the histogram is contracting. It could imply a weakening downtrend. RSI of SHIB is near 44 highlighting its presence in the neutral zone. The overall sentiment of the RSI is bearish.
Long
by Ritika_TCR
🚀 Eyes on $SHIB! 🐕 Potential Breakout Opportunity! 💎 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 the Bullish OB, although the likelihood of a successful bounce may diminish. 💎However, should SHIBUSDT break below the Bullish OB level, it would signal a bearish scenario. In such cases, it's advisable to wait for clearer price action before making any decisions.
Long
by MyCryptoParadise_Nathan
Shiba Is Ready Again?? We Can Try 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 (one quadrillion tokens!). The Shiba Inu ecosystem includes three tokens (SHIB, Leash, and Bone) used within ShibaSwap, a decentralized exchange for crypto trading. Recent News (as of March 17, 2024): SHIB is up 17.09% in the last 24 hours, reflecting a positive trend. Shiba Inu's growing popularity is leading to its acceptance as a payment method at a surprising number of stores, often through third-party processors. Disclaimer: Investing in cryptocurrency involves inherent risks. SHIB's price can be volatile, and the future of memecoins is uncertain. Consider this information for informational purposes only, and never make investment decisions based solely on online content. Conduct your own research before investing in any cryptocurrency.
Long
by MoonTradingForecast
SHIB MEME RESTING 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 is a continuation pattern that typically signals a potential breakout in the direction of the previous trend. - Trading volumes have decreased significantly after the initial spike. Risks: - SHIB is a highly volatile meme token, and its price movements can be unpredictable and influenced by social media trends.
Long
by jashjacob
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