Four TP waiting for you!!!The market may not be bullish these days, but like a horse it is gaining energy to move and show its energy and climb and start the Altcoins season.
In the explanation according to Fibonacci and channel, it can be seen that the price reaches the first target equal to Fibo 0.382 after going through the ascending channel, and after a possible reaction to this level, to the second target equal to Fibo 0.5 and then to the third target equal to Fibo. It will reach 0.618. Also, the fourth target is 0.707 against Fibo and it is the end of the channel that will not be far away. At the end of the channel, we will see a lot of reaction to this price and Fibo. Sales will increase and may fall again to Fibonacci 0.382 or even 0.236.
Shibainucrypto
Shiba Inu/ USDButterfly Pattern Formation on Shiba Inu:
It starts with a bullish XA move. AB is then Bullish. BC is bearish, and CD is Bullish again.
XA: This can be any price activity on the chart. There is no specific price movement in Butterfly pattern.
AB: The AB move should be 78.6 % Fibonacci of XA.
BC: The BC move should finish between 38.2% and 88.6% Fibonacci of AB.
CD: The CD move will be the final part of the pattern and often extends forming 127%, 161.8% or 224% of AB extension.
The target price of the pattern can be 3 intermediate targets before the final target which are:
Target 1: point B swing.
Target 2: Point X swing.
Target 3: 161.8% of AB.
Target 4: 224% of AB.
Falling Wedge (Contracting or Symmetrical Triangle): When the top resistance is declining and bottom support is raising a contracting or symmetrical triangle is formed. In case of Shiba Inu we are waiting for the breakout of the current pattern.
Disclaimer: “The above is an idea only and not any kind of financial advice so please do your own DD (Due Diligence) before any kind of investment”.
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SHIBA INUWas Shiba a one-hit wonder like Justin Bieber was. Wait a minute, Justin was no one hit wonder now was he. No. And neither is Shiba. Shiba has been land-sliding all the way from the tipidytop to the order block below. Is this the turn-around point. I highly believe so. Its going to be a rocky road back the top but this is the moment I would start looking at Shiba with a pair of new glasses that Santa brought.
SHIB when the last dump?BINANCE:SHIBUSDT
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Possible Targets
➡️We see no volume on this coin even from buyers or sellers
➡️I think we can see squeeze down to fundamental price (mentioned on chart) where we will see interest from buyers
➡️RSI D1 timeframe shows possibility to see this downtrend move to test the bottom where all people disbelief in coin and cut their looses.
➡️MACD - bullish
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SHIB - Bullish Price Setup for December & JanuarySHIB is getting support at a key region between 2900-3300, which has been a strong resistance region in the month of October. Turning this resistance into support should give us a great few months ahead for the Shiba Army and SHIB Bulls. The key price targets are the red line (which has been giving us strong resistance in the past and yellow line (the previous all time high).
$SHIB bullish breakout confirmations?continuation of the last idea:
Shiba has now broken both the descending wedges + the RSI trend line on the 4h and the 12h + shows confirmation of Bullish Divergence on the 4h, which has developed into the pump of ~40% we've seen today.
RSI has cooled down in all timeframes and we are breaking out from the main RSI downtrend on the Daily as well while volume is increasing with closing green candles.
Currently retracing and holding shorter EMAs in most timeframes.
Expecting the next pump to retest the area of .00006500 where a 0.5 fibb might show strong support for further upside towards ATH.
SHIBA - Ready to get back in track? The long deep has finished.Those who hold SHIBA know that it has been a bit painful for us the last few weeks.
It doesn't matter because it seems to stop dropping finally, and it is getting ready to strike back upwards.
MACD - SHOWS BULLISH SIGNALS
RSI - BOUNCED BACK, AND THE UPWARD CHANEL IS BACK
Play with the Dog- i never been a fan of memes coins but they are fun, i hodl some and trade some on good momentums.
- if u wanna play with Shiba i give u a simple strategy.
(i will speak with round numbers and take out useless 0.00000XXXX in my speach)
- As you can see on the graph Shiba is oscillating between 2 specifics zones (550-950)
- so the way to adapt your trades is very easy :
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- if Shiba knock down 550 Buy.
- if Shiba goes around 950 Sell and wait. (X2 profits)
- if shiba strongly pass 1000 buy more around 1100 and wait for TP1 around 2350. (X2 Profits)
- Take your profits and keep some Shib on the go to 5250.
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The worst case should be if Shiba breaks down from his consolidation and dip under 500.
Then Stop your loss at 490, leave your bag and wait.
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Happy Tr4Ding !
$SHIB bullish breakouts, 100% away from ATHShiba breaking out of a descending wedge in the Higher Time Frames.
RSI trend line also breaking out, volume rising and today the team announced on twitter it reached 1M Holders and posted a teaser for something incoming.
seem bullish enough for at least a run for a new ATH.
#SHIB SHIBA INU 4H - BIG MOVE COMINGShiba Inu (SHIB) is touching the bottom part of a long term trendline and it seems that there may be another parabolic move coming. I charted out the past two parabolic moves for spikes and timing and it seems that between 20-25 days the price spikes.
We could be seeing an 85-90% pump coming very soon. Keep an eye on the RSI and volume to help you exit your long position if you plan to trade this.
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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins