SHIBUSDT.P trade ideas
#SHIB/USDT LONG#SHIB
The price has been moving in a descending triangle pattern since April 2022
In a way that respects the occurrence of the triangle on the frame of 3 D
And empty the downtrend was broken strongly
Moving Average 100 is being broken
Price Now 0.00000893
First Goal 0.00001076
Second Goal 0.0001448
We have oversold on MACD
And a strong upward trend
SHIB ANALYSIS🔮 #SHIB Analysis - Breakout 🚀🚀
💲💲 There is a breakout of falling wedge pattern in #SHIB in weekly time frame. $1150 is a crucial resistance level and if #SHIB holds this level then we will see the price range of $1500 in next target. 🚀🚀
💸Current Price -- $0.00001061
📈Target Price -- $0.00001800
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#SHIB #Cryptocurrency #Breakout #DYOR
SHIB Prepares Breakout Rally For 40% HIKE!Preparation for Double-Bottom Breakout: SHIB price shows signs of gearing up for a double-bottom breakout rally.
Long-Tail Candle at 50-Week EMA: A long-tail candle on the SHIB chart indicates strong buyer interest, bouncing from the 50-week EMA.
Potential Rally to $0.00001438: A successful breakout could propel SHIB to a new rally, potentially reaching $0.00001438.
Bullish Rebound in the Market: SHIB is rebounding along with the broader crypto market, gaining momentum from Bitcoin's positive trend.
5.85% Jump in 48 Hours: SHIB has experienced a 5.85% increase within the last two days, indicating a resurgence in buying interest.
Challenging Overhead Neckline: SHIB is currently challenging the neckline of its double-bottom pattern at $0.00001025.
Trading Above Psychological Mark: SHIB is trading slightly above the crucial psychological level, supported by strong momentum.
Technical Indicator - MACD: The MACD suggests a positive trend, indicating a potential continuation of the uptrend.
Breakout Potential: The market's recovery hints at a possible smooth bullish progression for SHIB, with a key focus on sustaining above $0.000010.
Next Resistance Levels: Post-breakout, the next resistance levels for SHIB are identified at $0.0000125 and $0.000015.
Risk of Decline to $0.000008360: If SHIB fails to maintain its momentum, there's a risk of it dropping to $0.000008360.
✴️ Shiba Inu Standard Correction Before Additional GrowthIt will be a standard correction... Just as it happened after the peak in August, Shiba Inu retraced for about 2 months.
We have a lower high in December which can lead to another correction, maybe 3-9 weeks in duration.
➖ June - August = Bullish Wave.
➖ August - October = Bearish Wave.
➖ October - December = Bullish Wave.
➖ December - February = Bearish Wave.
Then we are likely to experience sustained long-term growth but retraces, shakeouts, price swings and corrections will continue to show up.
Namaste.
SHIB - 80% Move Still Possible?Given BTC and Eth do not continue to crash, could SHIB be ready for an 80%+ move?
After recently breaking out of a downtrend established back in August of 2022, this drop could lead to something special. Price could be retesting this downtrend as new support before making a move into our target zone.
Of course Shib's price is correlated to BTC and Eth, but I think this could be possible due to the DOGE news coming in the next couple months that could spark a meme rally.
What are your thoughts?
SHIBUSDT near trendline retest As we can see price break our red resistance trendline and now more pump here is expected only if the trendline retest complete and only after the price touch trendline we should receive buy pressure and pump else more range is expected before our heavy pump.
DISCLAIMER: ((trade based on your own decision))
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