SHIB has found strong support around $0.00002640 , forming a double bottom pattern on the daily charts. This bullish reversal pattern suggests a potential trend reversal and a breakout to the upside.
The price has already risen to $0.00002864 , which I view as a breakout sign.
Resistance Levels to Monitor
- The first hurdle for SHIB's bullish momentum lies...
BINANCE:SHIBUSDT
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Last time Shiba Inu spent 145 Days in accumulation zone before massive pump! History can rhymes and we can see around October full reversal move up! now we almost 290 days in downtrend,...
shibusdt may break the triangle upward. It may give break out in this way, so guys wait for the confirmation always.
-Always use stop-loss
-Always take a calculated risk
Thanks and happy trading.
Just a simple chart showing some Bearish divergence on the RSI!
If the yellow support area breaks, Things could get ugly PRETTY QUICKLY!
This is a potential 25% - 40% Drop in price... IT'S BIG!
I'm NOT SAYING it will happen, ALL IM SAYING is that the bearish divergence IS SCARY because it has the potential to push SHIB below that support!
Take it as you...
Hey guys. This IDEA is based off of some recurring patterns I see on the charts using Fibonacci Levels.
Notice after the initial breakout, SHIB usually settles above the 0.618 line before continuation to the upside. Then it forms a short term top around the 3.618 level.
I DO believe a similar situation is happening again and I DO think SHIB has hit a SHORT...
This 1hr chart for SHIB has me howling for the moon!
It seems that we are breaking out of a symmetrical triangle or a bull flag formation. For me, the completion points of the two yellow measured moves creates the target range for the breakout.
If we move down, I will still be howling and looking for a bullish bat formation to develop. For me this will be a...
After looking at the trading volume for SHIB just now, it is clear to see that we are currently in a fake out to the down side, but please be careful as this is bear trap and we will soon be hitting my price targets as set in the chart. with a trading volume over 24H of around $3.5 Billion compared to BNB from Binance only reaching around $2.5 Billion it is easy...
Shib hit our previous price target and should go side ways and a little down to cool off.
Then it is time to moon with the next price target around 0.00004
