Shiba Inu... Tecnicall and Market psychologyFortunately, Shiba has not yet broken its upward trend line, although the profits it gave us were took , and some did not sell, but there is no need to worry, please don't be just a seller
.I see Shiba rising until the weekend,, it was a correction of the work of the whales, not a technical analysis. This is where a question arises in the mind that how 22% growth suddenly became a loss in this way, I really don't know, but this is the conspiracy of the whales who can create such a queue with a lot of money. Please don't be a seller, the whales 🐋 note is fixing this situation so that they're can buy at lower prices and sell at higher prices, I hope you will make a great profit by the end of the week.
SHIBUSDT.PS 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?