Market insights
1000SHIB USDT - SETUPSHIB is looking nice here for a potential move to the upside, we have broke above the downtrend on the daily timeframe and formed a massive double bottom formation, the market has now came down to retest previous resistance as new support also in confluence with the 0.50 fib. Now on the 4hr timeframe what we can currently see is we are respecting this counter descending trendline, IF however we see a 4hr candle close above this zone and a new higher high form. On the retest is were we can possibly look at capitalising on the continuation to the upside. Have to be very cautious here with altcoin long setups due to BTC bearish daily price action, we will only take these setups if entry rules are satisfied.
37.62%1000SHIBUSDTPERP - Long - Potential 37.62%
Exchanges: Binance Futures
Signal Type: Regular (Long)
Leverage: Isolated (1X)
Entry Zone:
0.007865 - 0.008802
Take-Profit Targets:
1) 0.009123
2) 0.009809
3) 0.012066
Stop Targets:
1) 0.007170
Entry Triggers- Excellent active breakout. Look to move SL to zero after hitting first target as BTC might stall at $35,500.
SHIBUSDT - 4H is forming a CUP guys,
SHIBA is going to form it's nice cup as above chart I beleave.
let see what happens.
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Bahman
SHIB/USDT Accumulating within a Livermore structure1000SHSIBUSDTPERP Could go parabolic on the 15m chart if there I confirmation from a bounce from the support trend line + increasing volume on the way up.
SHIBUSDT - LONG SETUPSHIB im still looking for this long setup, price is still currently making a correction and has a bearish corrective downtrend on the 4hr and 1hr timeframe i am waiting to see if the market will break above this zone forming a new 4hr higher high if it does, i will look to enter on the retest of this previous resistance.
1000SHIBUSDT Double Retest (Trendline + Support)1000SHIBUSDT Double Retest
1000SHIB atm retesting Trendline and major Support! Lets see what happens!
Volume decreasing, expected for big movement in near termI will take a long here as it's on support level.
However, it's still neutral.
1000SHIB/USDT - the most shorted altcoin on binance1000SHIB is the most shorted altcoin on binance futures, that I have ever seen - the funding rate on this pair is most of the time -0,75%, which is just completely insane, it means, that people who are in SHORT position on 1000SHIB, they must pay 0,75% of their position every funding period - on the chart, we can see 3 accumulation zones and I really think, that big players are currently accumulating LONGS, because they would be paying extreme amount of money on fees during funding period if they were accumulating SHORTS.
However until we are still below 21 daily MA, I wouldn´t recommend you to enter LONG, but I think this pair is setting the bottom or will set the bottom very soon.
Shib perpetual futures predictionsThis is my first publishing. I'm still learning. I would like to believe that after the completion of the correctional wave, SHIB should continue with an uptrend eventually breaking above the descending triangle.
