Exactly 2 months ago we posted the following 'odd' idea after we found similarities between Shiba's (SHIBUSD) post-May 2022 price action with the May - September 2021 sequence:
The fractals looked identical, the RSI sequences too and the 2021 price action fit well inside the 2022 one.
Today Shiba broke above the Lower Highs trend-line that has been in effect...
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For this particular analysis on SHIBA we are using the SHIBUSDT symbol on the Phemex exchange.
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The idea is on the 1D time-frame where Shiba has been trading within a Falling Wedge pattern since the December 24 2021 High. The price has been trading near the pattern's Lower Lows trend-line since the May 12 Lower Low, being unable to stage a...
This is an update to the Shiba (SHIBUSDT) pattern I published for SHIBUSDT on February 07:
As you see, the Resistance Zone held, the price got rejected on the 1D MA100 (green trend-line) and that pushed SHIBA back to its Support Zone where it started a tight consolidation within the two Zones. This consolidation pattern continues to mirror the very same June...
This is an update to the pattern I published for SHIBUSDT on February 07:
As you see, the Resistance Zone held, the price got rejected on the 1D MA100 (green trend-line) and that pushed SHIBA back to its Support Zone. This consolidation pattern continues to mirror the very same June - September 2021 accumulation phase, which paved the way for the massive...
SHIBUSDT had approximately a +30% price increase yesterday that marginally broke above its 1D MA50 (blue trend-line) for the first time since December 01 2021. Today despite a higher reach, we see so far some profit taking which is expected after such rise.
During Shiba Inu's previous accumulation phase from June to September, when it broke the 1D MA50, it failed...
⏳ Spot
💎 SHIBUSDT has broken above the bullish flag. After the rejection and retest the [previous resistance, it is expected to go to the upper band of the descending channel. after breaking above the channel we expect more bullish move
🌐 Tradingview
💵 Invest Only 5% of your Portfolio
🎳 Entry/Pullback now or from 0.00004489 - 0.00004152
☕️ TP1 0.00004900
🍺...
Technical Analysis Summary
SHIB/USDT
TREND ANALYSIS
We have 1 downtrend which is currently active in red
FUTURE PREDICTIONS
We have many resistanse and support levels that I have mentioned above.
I use thickness as an indicator of stregth of levels (ONLY FOR VISUALS).
Yellow support level are levels from the past (more for explanation purposes rather than entry...
⏳ Spot
💎 SHIBUSDT has formed a Symmetrical triangle, after the breakout there is a potential that the prices goes for a retest and then continues the Bullish move.
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 0.00002960 - 0.00002850
☕️ TP1 0.00003333
🍺 TP2 0.00003900
🍻 TP3 0.00005050
🍾 TP4
🍷 TP5
🍸 TP6...
