SHIBUSD trade ideas
SHIBUSD: it is already dead.Shiba is already dead and most holders don't even realize it. It was a meme and memes die quickly. Shiba is not shiny and new anymore. It has reached the top 10 in coinmarketcap, what more would you have expected it to do?
Anyway, pump and dump will slowly bleed into nothingness as i witnessed many coins do the same.
$SHIB SHIBA breaking outFalling wedge breakout and bullish confluence MACD cross, technically SHIB looks ready to pivot and begin next uptrend leg.
Looking for a move to .00004800 zone , based on price action will assess a "dead cat bounce" or indeed uptrend confirmed.
Volume shelf has acted as support, gotta go long with stop below here. Great R/R on this trade IMO
Lets see what happens Jan 3-4. Just like in my previous publish when we were approaching a Christmas breakout. The difference this time is that the price is near a line of attraction which the price will gravitate to. This dotted line existed pre-peak as well. If the price is able to break-out past the red line of resistance, we might see another spike up followed by a retraction similar to the Christmas Breakout. The price will pull back within the new lines continuing an overall downward trend albeit at a lesser decline than before. There are two lower floors that exist that I would consider a 2nd chance opportunity for FOMO people to average down, and new people jump in as we head into L2 release.
SHiba Inu Support and Resistance"support" and "resistance" levels - points at which an exchange rate trend may be interrupted and reversed - are widely used for short-term exchange rate forecasting. Nevertheless, the levels' ability to predict intraday trend interruptions has never been rigorously evaluated.
Shib stuffWatch me add Daily trends and some 4hr levels to SHIB. I think price will start to attack the upper resistance levels now. There are probably 1hr, 15min, 5min levels in there but whatev's I'm not breaking down this entire chart to those levels... Its just a fun, trending coin to trade sometimes and dogs are cool. Oh and Epstein didn't kill himself. Ghislain Maxwells little black book of contacts will remain private and its 2:30am MST right now.
Shiba watchHere we are shiba analysis. We see shiba hitting the resistant line. Broke up to .000004. Doing the regular pull back. If shiba holds and make higher high we may see a bull run in the next few weeks. Alot of holders around the world holding shiba. Shiba broken The Golden line. Watch this coin. Like and follow for free analysis.