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SHIBUSDT trade ideas

SHIBUSDT: Is a Bullish Reversal on the Horizon?Yello, Paradisers! Have you been tracking SHIBUSDT? The recent price action has formed a descending channel, which could be setting the stage for a bullish move. But how can we know if it's time to jump in? 🤔 💎If SHIBUSDT shows a Change of Character (CHoCH) from the support zone, shifting towards a bullish market structure, it could signal a strong bullish move. 💎If the price starts to rise from the current levels, it could also form a W pattern. A breakout and a candle close above the resistance zone would confirm both the W pattern and the descending channel, boosting our bullish bias. 💎However, if the price falls, breaks down, and closes below the support zone, this would invalidate the bullish scenario, signaling that further downside might be ahead. Stay alert, Paradisers! The next move could make all the difference. 🧐 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
SHIBHA INU 1WSwing Trading Setup: Entry Point: Enter the trade at the breakout of the descending trendline. A clear break and close above this line confirm the bullish momentum. In this chart, the entry would have been around the 0.00001900 level. Set the target around significant resistance levels or previous highs. According to the chart, the first target could be around 0.00004500. For a more extended target, aim for the next resistance zone near 0.00008850. Risk-Reward Ratio: Ensure the risk-reward ratio is favourable (preferably 1:2 or higher). In this setup, the risk to reward appears favourable as it offers substantial upside potential against the defined risk. Confirmation: Wait for a strong bullish candle close above the trendline with good volume to confirm the breakout before entering. Exit Strategy: Use trailing stops as the price moves in your favour to lock in profits. Partial profit booking at key resistance levels can help secure gains while letting the rest of the trade run. This setup capitalizes on the trendline breakout and potential price rally towards significant historical resistance zones. Always ensure proper risk management when executing trades.
Long
by vinitsugandh
Shiba Inu (SHIB) Rockets With Stunning 59% Volume JumpThe trading volume of popular meme-inspired cryptocurrency Shiba Inu SHIBUSD , as reported by CoinMarketCap, has seen a 24% increase over the past 24 hours, reaching $195 million. However, this figure only represents the spot market. Meanwhile, according to CoinGlass, the volume of trading in SHIB derivatives - perpetual futures, to be exact - grew by nearly 58.9% over the past day, reaching $121.3 million. Thus, we can estimate that the total trading volume of the Shiba Inu token during this period was approximately $398.83 million. The increase in trading volume indicates increased interest from market participants. However, the ratio of market capitalization to trading volume is currently 5.3%, which is within the normal range of activity.
Long
by FXBANkthe8055
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
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