auto fib flipped on the daily.
rsi looks healthy.
timeline looks to play out through the end of april into may after halving.
the closer to halving the more attention crypto will have. shiba is still alive, just heavily shorted at the moment. shorts will have to let up eventually. burns are still in effect. supply is getting scarcer as times goes on. be...
Shiba Inu has been in consolidation after a massive breakout last month. The daily timeframe shows the RSI reset around 50 and the Stoch RSI looks bottomed out and reversing towards an upswing. With the Bitcoin halving only weeks away, a breakout of this pennant should be considered a massive bullish move. However, we are all bullish on Shiba. We should know...
Abstract: The Shiba Inu (SHIB) market presents a quiescent façade as technical indicators converge, suggesting an impending volatility expansion. The current technical disposition on the 4-hour timeframe delineates a consolidation pattern, within which SHIB's future price trajectory is being quietly debated by bulls and bears alike.
Analysis:
Shiba Inu's price...
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...
Shiba Inu has pushed quite hard. I can only think of sled dogs ona long marathon push over a
sun prepared snow trail. The ride might be frictionless but nonetheless grueling and perhaps
time for a rest. The chart shows the breakout and then extension above the VWAP lines that
are trying to catch up. In proper risk management. I will take half the position off...
Many alt coins are reaching the end of what appears to be an accumulation cycle. We have an obvious long running down trend followed buy an equal distance of sideways accumulation. Next step is typically an equal length time cycle to the upside.
Price can only trend in 3 directions. It can trend down, trend sideways in a range, or it can trend...
This chart is an update to the previous attached chart below from earlier this year.
Looking at the weekly we see price action, wave trend, and money flow all curling to the upside.
Current Trading plan is to hold for more upside until price brakes structure to the down side looking for any of the price targets above.
The price of Shiba Inu (SHIBUSD) is currently hovering around $0.000028 , a critical support level. If the price can hold above this level, it could see a move towards $0.0000310 to $0.0000320 .
However, if the price breaks below $0.000028, it could pull back to $0.0000260 or even $0.0000230 .
Please pay close attention and we all had gone thru this before.
The pre-halving just already started.
Big drop just started and over 4 trillion dollars plummeting from whales so what’s next?
The next support is 0.00002230 area and if it doesn’t hold then huge free fall and will take back to 0.00001080 area only if happens.
If you are still holding double...
shib is on the support line and forms a smmytrecical triangle. the breakout point is at $0.00003200 and if it hits $0.00002200 again, it has the potential to reach $0.00000980.
Shiba Inu is setting up for a nice mid term swing trade, while the king coin BTC pokes at making a trend reversal to the upside most of the top ALTS lag just a bit behind and should ride up once bitcoin makes its major moves stair stepping up and out going into phase 2 of this current bull cycle. Cypher pattern D phase 100% in play "the money shot"
We have a nice support at the red line 27, and also a high resistance at the green line 31, we are testing now the resistance line if we get a nice break, it will be a nice bullish to test the 45 again.
As we see SHIB start the new movement after a while.
if we see the green line which is the possible new target in a short period, it will help the price to reach new levels and support positivity for long terms.
and the red line support negativity for a long time aswell.
my view for the long term only,
Potential SHIB trade.
Would look something like this if it was to occur.
Chances that it looks this clean (orange arrow) is not likely.
However, if price rides a steep trend down, and we catch some mega support under some previous support, we're likely to have a very favorable trade.
Basically, this chart is prepping for a potential drop on the yellow circle...
