SHIB has gone on a real tear to the upside. We have hit the first target and I have laid out the second. Hard to say how fast it will get there. Not financial advice, DYOR.
Here is a quick chart showcasing a beautiful MACD reversing above the water on the 1HR time frame for SHIBA and breakout occurring from it current flag formation. Should see a delicious pump here.
In the ever-evolving landscape of cryptocurrencies, few phenomena capture the imagination quite like the meteoric rise of meme coins. Among these, Shiba Inu ( CRYPTOCAP:SHIB ) stands out, not only for its adorable canine-inspired branding but also for its recent surge in value and burn rate. As the crypto community grapples with the implications of this...
Didn’t wait around at all to hit this target, no further TA for the follow up move yet I need to reasses the chart and find what it’s next macro pattern will be. *not financial advice*
Overview
In the last couple months my attitude towards crypto has gone from swing trading it to just holding it, especially with the much anticipated Bitcoin halving event approaching next month. In the past, strong crypto bull rallies occurred within the months following the halving events which leads me to believe that our favorite cryptocurrencies could be...
Shiba Inu token has been grabbing momentum as of late. On the 1W and 1D charts, a distinct W is beginning to form with us being a little above the second trough at the time of this idea. I drew a crude Fibonacci retracement -- it is crude because I am not 100% that I am using the retracement tool accurately BUT there are three fibonacci retracement levels that...
Shiba Inu Price Analysis: Approaching Key Resistance Level Amidst Bullish Momentum
The world of cryptocurrency is always filled with excitement and anticipation, and one coin that's been grabbing attention lately is Shiba Inu. With its adorable dog-inspired branding and a passionate community of supporters, Shiba Inu has been making waves in the digital currency...
The latest surge in Shiba Inu's burn rate, a staggering 300% increase according to Shibburn data, has sent shockwaves through the crypto market. In just one day, over 2.03 million CRYPTOCAP:SHIB tokens were incinerated, signaling a fervent commitment from the Shiba Inu community to reshape the tokenomics of their beloved meme coin.
What's driving this...
Long time no see Lolol
So as you see on the weekly timeframe, Shiba has held both support lines. It also moved over the 30 EMA and also broke pass the diagonal line ,retested and bounced off . So I’m looking for it to go either on or pass the grey patch as it follows the red painted arrow upward.
This year might be promising. But let’s watch and see.
Often dubbed the "Dogecoin Killer," this meme-inspired token has experienced its fair share of highs and lows. However, recent developments suggest that the tide may be turning in favor of CRYPTOCAP:SHIB holders, as a surge in burn rate ignites a rally towards the elusive $0.00001 mark.
SHIB''s Recovery
Amidst a broader recovery trend in the crypto market,...
Shiba Inu Coin: Breaking Out and Building Support for a Potential Major Rally
In the volatile world of cryptocurrency, few tokens have captured the attention and imagination of investors quite like Shiba Inu Coin. Often dubbed the "Dogecoin Killer," Shiba Inu has been making waves in the crypto community with its rapid price movements and fervent following....
Altcoins are speculative and have a inter-dependent reliance on BTC for direction. BTC is definitely acting bullish, and thus I feel that this long term bottoming pattern could be an accumulation zone if BTC holds, goes sideways or up. Not financial advice. DYOR
Shiba Inu Crypto: Testing Major Resistance Amid Falling Wedge Formation
In the ever-evolving landscape of cryptocurrency, Shiba Inu has emerged as a notable player, captivating the attention of investors and enthusiasts alike. As the digital currency market witnesses fluctuations and trends, Shiba Inu finds itself at a crucial juncture, testing major resistance...
