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Shibcoin

SHIB/USDT Trading Scenario UpdateAfter a significant increase in February and reaching a local maximum of $0.00004575, the price declined to the $0.00001080 mark, which represented a drop of over 76%. As a result of this decline, the quote nearly reached the POC volume level at $0.00001032. Near this level, a rebound was observed, followed by an attempt at recovery. From the perspective of Fibonacci levels, the current asset price is within a favorable range for purchases (between 1 and 0.75). In this range, medium-term purchases can be considered with a target price of $0.00002746, which corresponds to the 0.5 Fibonacci level.
by Rick_SimpleSwap
SHIB LOOKS BEARISH (4H)SHIBA seems to have a bearish structure and move downwards in hourly time frames. We have falling OF (order flow). Recent internal structures have accumulated LQs (liquidity) and formed a resistance zone. It is expected that by hitting this resistance zone, we will be rejected towards the lower ranges. In the lower part, we have a liquidity pool. With this downward structure, the price is expected to move towards this liquidity soon Closing two 4-hour candles above the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Short
by behdark
SHIB at strong fib levels. Bullish Hidden Divergence at 4H TFNotes: - Currently forming a pennant pattern - Support: 0.000058 to 0.000062 - Resistance 1: 0.000075 to 0.000077 due to 3 overlapping fib levels from previous significant highs and lows. - Resistance 2: 0.000087 previous ATH - Resistance 3: 0.0001 due to 3 overlapping fib levels from previous significant highs and lows - RSI shows Bullish Hidden Divergence at 4H TF - Stochastic shows continuous buy signal but going overbought - May bounce at 0.000065 before breakout (or breakdown)
by phoenixtradings
SHIB - Daily Chart ✅SHIB isn't as strong as DOGE Coin right now. The market is showing Buy Volumes, but it's not that high anymore. We have two possible support areas for now: The first one is our solid support which indeed can hold the price up. And the other one is not strong, so we need to wait for a 4H candle to stay above it. Then we can count that as good local support. THere's also a resistance area that can push the price back down as it did once before. So watch out for that one. Use this chart as your trade setup for now; I'll keep it updated. Let me know your ideas. Good luck.
by ShawnMCR
19
SHIB$ WHY THE ASCENDING TREND ARE NOT FLY DOWN Hi everyone, shib are the most trending coin but the thing that you would to know is when this booming ascending trendline could stop, and we have to have details and data for say it and we have two strong factors: volume and historical data. Don't listen who say taht it is impossible to have an idea to the next move- First: volume. The volume is net increase in the past hours and i think that it's not weak in the next hours. Sure its hard to say if reach new high levels but word of mounth and the take over of DOGE can push this parameter even high. Second: historical data. Weel in the past, in particular in the first wave for shib around early october we see a weak altcoins and a strong btc that increase its dominace. In this context SHIB explode and it took quotes from other coins while capitals flowed into shib and alts suffered this because people took their money and put into shib. Now we have a similar situation but now btc are weak, but for shib is a good thing. BTC are putting down the market and the alts and people put money into shib because it is the only coin that make money in this time. In the next days from analysis we expect an other pullback for btc to the 53k - 57k zone (53k worst zone is hard to reach because btc anyway is so strong). Btc is in a correcting mode but is NOT A BEAR MARKET SITUATION, only after ATH Btc have always correct itsself about 10- 20%, but this is good for a organic grow and also we are at the end of the month and as usual btc suffer at the end of the month because people tak ein general ptofits. Well, this situation is perfect for shib and until btc are weak, and i expect that this situation is going on for the rest of the last days of october, shib will surge with a fast corrections during the ascending thendline. We have to know all this things because IT'S IMPORTANT TO KNOW ABOUT OUR MONEY, AND WE DON'T HAVE FEAR AND OTHER PEOPLE DONT HAVE TO MANIPULTE US TO TAKE TOO EARLY PROFITS. Keep profits but pay attenction to Fear, uncertainty and doubt (FUD), manage your feelings.
by YOUR-MONEY-IS-MY-MONEY