Shibusd definitely overshot it’s breakout targetWe can see here how once shiba inu broke above the neckline of the cup and handle it formed it skyrocketed and well overshot its measured move target. However now that it is correcting that same measured move target zone it over shot is now acting as support. Which goes to show us even if price action well exceeds the projected breakout move, the target can still easily serve as support afterwards. I it happens to correct lower than this then it could also serve as significant resistance. Only if it flips to solidified resistance thirst though.
Shiba-inu
SHIBA INU is JUST GETTING STARTED!I would like to see consolidation at this price zone 0.000071- 0.000078 for at least a weak before we shoot to our next price range. That will give us enough momentum to build up a huge price surge as new investors come into the Shib Army! At the current moment we have massive Volume and plenty of media coverage. These are exciting times so enjoy the ride, we are witnessing history in the crypto space right now!
SHIBA INU pullback RSI DIVERGENCEThere is a divergence with the RSI , it is very likely to make a major pullback.
Probably its going to $0.00005 at the previous Binance ATH , and then maybe will start to pullback to previous major resistance, which its: $0.00003578 aprox according to Fibonacci and the graphics.
As you can see in the previous days (3 octuber to 7 octuber), in the first SHIBA retracement of 60-70% at 0.5 Fibonacci, there was a divergence with RSI in 4H graphics.
SHIBA: $.000020 ----> 🦊bitcoin has litecoin
doge has shiba
NFT and growing community should reward strong hands with volume
SHIBA INU Reverse H&S on HourlyShiba Inu coin has continued down the projected and expected corridor forming what appears to be a massive bull flag. If we look inside; however, we can also see that a Reverse H&S pattern may be emerging signaling a mark up in price is likely.
SHIB Still playing out Bull Pennant! As I showed in a previous post the bullish pennant is playing out. The measured move of the falgpole, I believe a target of about .00006 then a retrace to about .00003. Then onward to a blowoff top by end of December before a really steep fast correction and longterm consolidation for about 3 years before we see new highs again. For the record I dont own any Shib and everything I post is for fun, not trading or financial advice. Thank you for looking.
Shiba Inu - SHIB - Who Let the Dogs Out?Who Let the Dogs Out? Why is Shiba Inu(SHIB) a real contender with Dogecoin(DOGE)? Shiba Inu is not just a Meme coin. Shiba Inu has a DEX (ShibaSwap) and has an ecosystem that is built around Themed coins and products like SHIB , LEASH, BONE, and Shiboshi NFTs. Their recent release of 10,000 Shiboshi NFT now have a price floor of $3,000 for each NFT. That makes the collection worth over $30 Million. So this shows that Shiba Inu has a strong community. Basically, the Shiba Inu team delivers new functionality as plan on their roadmap. Should Shiba Inu be on your watchlist also? You be the judge. Edutainment Purposes Only!
[Crypto] Shiba Inu (SHIB)A 3-part analysis for day traders in regards to cryptocurrency Shiba Inu (SHIB).This chart tracks: Qualitative Quantitative Estimation (QQE) indicator, Moving Average (MA) and the relative strength index (RSI). QQE tracks momentum and trend, MA tracks the continued momentum but removes excess noise and lastly the RSI tracks the magnitude of that moving average.
SHIB/USD - After brief correction, Shiba Inu ARMY is back!😻We touched support as expected, twice, and now we're pumping. Well done to Shiba Inu army.
Indicators are starting to turn bullish and they want to break resistance, can Shiba do it?
We will need more pressure on this resistance to break... likely if BTC (see idea below) breaks ATH, the market will break major resistance levels, including Shiba here...
Odds are on bulls side right now. But don't get too excited until we break above. You NEVER buy resistance, you buy support levels. Resistance levels are for taking profit/selling. Don't FOMO like DOGE traders or Elon.
Time your entries, if you followed my last Shiba idea, this exact scenario was presented.
Like and follow if you liked this idea!
SHIB Target Perfectly Reached. Imminent Retracement 0.00003500usd was exactly the price target i predicted here, when SHIB was 0.00000684usd:
We made 7X!
Now i think a retracement is inevitable and i am using the Fibonacci retracement tool to determine that.
My price target is now around 0.00001805usd - 0.00002000usd where it needs to consolidate for another run.
I`m looking forward to read your opinion about the next price movement!