SHIBA INU has been experiencing significant selling pressure, compromising its previous bullish trend and indicating a potential reversal. The 50% Fibonacci retracement level presents a logical entry point for a short position. As the market seeks liquidity, price action could target previous swing lows. Consider initiating a short position on #SHIB at the 50%...
SHIBA INU has faced downward pressure and is evidently in a downtrend as we can see on this 4H time frame. We are exploring the Fibonacci retracement levels of 50-61.8% to pinpoint a potential entry point for a short position. It's important to note that this trade idea is purely speculative and not intended as a trade signal. This information should be viewed...
I don't want to make a bad analysis about Shiba, which is a very energetic meme coin with buyers and big whales, but it needed a correction a long time ago. Anyone who drew a trend line knew this easily. But the good news is that once the fall is over, it can be a fast start again.
Analysis: because the price has been broken, a fall has occurred, and if it breaks...
we just tested our EMA and got rejected just below our current resistant the 0.000013$, if we clear this resistant we going to have another test for the squeeze price at 0.00001750$.
If we got rejected, we going to have new support and reversal above the 0.000010$+.
we got rejected at our breakout zone the 0.000017$, now we have this ascending line to reverse at to see another test to that resistant and going towards the 0.000025$+ area.
if we held above the 1460 we going to have a breakout this time from our resistant around the 15, and then going to test the other strong resistant around the 25$+.
Buy in the range of 0.00001160 to 0.00001250.
The second target is 0.00001300
After confirming the exit from the neutral channel, long-term buying is recommended.
It looks as though Shiba Inu has began its bullish sequence after completing the correction of the impulse that began from the 7 Sept 2021 low. That impulse was a 5 wave move to the upside topping on 28 Oct 2021 (All time High at 0.00008847). This impulse was then preceded by a downward channel unfolding in a 7 swing sequence bottoming recently as of 12 May 2022,...
SHIBA has got rejected from the ascending channel support, opening potential upwards movement.
--
*** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***
Hello Trading view Community
SHIB has formed a strong Bearish pattern, the sell pressure is high
we got a little pullback every time RSI reaches over sell zone but don't
let it fool you
on the other hand H&S is obvious on 4h chart.
NOTHING IS CERTAIN IN THIS MARKET
HERE WE JUST SHARE OUT THOIGHTS & POSSIBILITIES
TRADE SAFE
If you find this technical analysis useful, please like & share our ideas with the community.
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
Good Luck!
Disclaimer!
This post does not...
Hello Friends
SHIB is still in down trend
& going to create another falling wedge i think.
we can't consider this movement as an uptrend
until shib is under 30
NOT A COMMERCIAL ADVICE
BE HEALTHY & HAPPY
Show the price of shib with the market cap of BTC
I think soon we will see shiba pump at least for 50% upward to levels 3000-3300 sat.
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every...
Hello Everyone
SHIB has created Bearish pennant on 4h chart
at this moment Btc Struggling to stay above 35k
if it cannot take back 38k then we got a fall toward 32k or even deeper
(you can see my latest idea about Btc if you interested)
if Btc can't take back 38k we got a fall to 17 (even deeper ,depend on Btc position)
sell pressure if high - Capital outflow...
