Theres a pennant forming on the 1 hour chart for SHIB. Zooming out to the 4 hour chart, it does look very neutral. But if the price action can get above the ichimoku cloud on the 15minute and the 1hour chart, things could definitely take off.
Possible pattern on the 4hour - 1 day chart. Very interesting to see, would like to see price make its way back to the neckline, and then some consolidation there below it. Have drawn two blue lines. I feel like there might be a slight diagonal neckline here, but the horizontal line is more of a given and less subjective/open to interpretation.
Heres a couple of options for SHIB longs. Looking at it, there looks to be a bear flag formation on the LTF, so expecting another leg down, into these buy zones. I really like the option 2, maybe because it is sitting lower and therefore might carry less risk, but at the same time, could not hit at all. Maybe need to wait for confirmation see how things respond...
Here is my suggested buy zone. With bitcoin looking bearish, things could go south very quickly. Spreading buys accross this area could be a good move.
Must be patient with this. If bitcoin nukes down then im sure this will kick in. Stop back inside this resistance that it broke from. Looking for the retest of the downward resistance and/or the old horizontal price resistance. Depending on where you take the swing low from, the fib retracement gives so good confluence here also.
From my previous published Idea, I stated that ....820 would be my first entry and ...590 the next. If Shib breaks and closes above it's previous Bearish Lower high, I'll simply wait for a retest to the newly Created Demand. However, keeping in mind that this impulse might be Due to Fundamental occurrences, thus I'd keep the ...590 as a potential Valid re-entry,...
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Shiba Inu, the favourite token for the masses, has the potential to take off from the current recent support and maybe the support below. Before taking any buys from the support area, do keep the price action in mind. We need to see a bullish engulfing or pinbar.
SHIB printing a 4hour bullish divergence. Coupled with bitcoins 4hr bullish divergence. We could see a strong bounce from here.
SHIB looking at a 12hr bullish divergence. Seems to be at historical price support as well. Would like to see SHIB hold up better as bitcoin slides to show strength.
Shiba is long... should have been long 2 days ago. The whole market is in a fake dump. Better to hold the long than short because of shiba's range. It is on sale for the rich. It is a spot trade so watch for updates. Loss the last bet but bounce should be soon. Happy gains ya'll.
Hello friends, we will have a heavy Sharp movement in this direction
SHIB Daily chart: Its charting very nice with Bullish Divergence and DeMark 9 reading it may of hit bottom. Look for SHIB to make the possible move up toward the Golden Pocket. and then higher short term price targets in Gold Boxes.. Look at the volume decrease and then right after price goes up and it correlates with Both RSI indicators.
I know its a meme coin but I cant help myself. And i find it strange that SHIB is holding up better than some alt coins.
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,...
Shiba has been long since BTC first hit the 45k range. Unbelievable price movement. But better to bet that long than short. Shiba is known for long greens and upsets... these moves are no difference. It's a spot trade, but I am still holding a confident long. Once shib leaves 0.000027 again we will have enough support to get past the 0.000032 range. Sky is the...
Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: market and lower Target: 0.00003 - 0.00004 - 0.000052 after first target reached move ur stop to breakeven Stop: 0.000019 (depending of ur risk). ALWAYS follow ur RM . Risk/Reward: 1 to 6 risk is...