{"id":602444,"date":"2024-04-10T21:00:15","date_gmt":"2024-04-10T21:00:15","guid":{"rendered":"https:\/\/ktsl888.com\/?p=602444"},"modified":"2024-06-11T07:21:09","modified_gmt":"2024-06-11T07:21:09","slug":"trading-strategy-shiba-inu","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/shiba-inu-coin\/trading-strategy-shiba-inu\/","title":{"rendered":"Crypto Analyst Drops Trading Strategy To Profit Off Shiba Inu\u2019s Next Leg Up Above $0.00003"},"content":{"rendered":"

Crypto analyst Kamaz recently dropped a <\/span>bullish trajectory analysis<\/span><\/a> regarding Shiba Inu on its journey to reaching above the $0.00003 mark again. In his latest update, Kamaz noted three bullish price targets for SHIB in a long position after noting a potential market upswing. Interestingly, this bullish prediction comes amidst a wider market uncertainty and with Shiba Inu registering a bullish reversal in on-chain metrics.\u00a0<\/span><\/p>\n

Analyst Drops Bullish Trading Strategy<\/h2>\n

Kamaz’s <\/span>analysis <\/span><\/a>is based on a 4-hour chart timeframe which he shared on social media. At the time of analysis, SHIB was trading at $0.00002883 and recent candle formation shows the bulls trying to reverse the formation of bearish candles which has already lasted for 24 hours at this point.\u00a0<\/span><\/p>\n

Related Reading: Solana Open Interest Drops $370 Million Amid Network Troubles, $200 Still Possible?<\/a><\/div>\n

The analyst recommended opening a long position, with three consecutive targets materializing by April 12. The earliest target is just above $0.0003. Particularly, this target coincides with the low of the last candle formation on March 31. If Shiba Inu can break through the $0.00003 resistance level and hold steady above it, this puts Kamaz’s next target just below $0.0000315, which also coincides with the March 21 high of $0.000031336.<\/span><\/p>\n

Kamaz’s final SHIB target is at $0.000032930, the crypto’s highest on March 28, representing a 14% increase from the current price level. This small profit potential for reaching the final target makes it interesting to note that Kamaz’s prediction is of a short-term price outlook. SHIB has, in fact, gone past these price targets in the current bull cycle to reach as high as $0.<\/span>000044<\/span> on March 5. However, the crypto has since corrected over 20% from this peak.<\/span><\/p>\n

Cryptocurrencies are volatile, so Kamaz’s analysis came with setting a firm stop loss at $0.00002810 to avoid getting caught in a reversal.\u00a0<\/span><\/p>\n

Current Shiba Inu Outlook<\/h2>\n

According to Kamaz, his analysis was based on various reasons ranging from SHIB turning resistance to support, inside 1-day bullish order block, and inside discount, among others.<\/span><\/p>\n

Related Reading: Crypto Founder Warns Of Burgeoning Bitcoin Fire Sale, Here\u2019s What It Means<\/a><\/div>\n

On-chain metrics are also pointing to a bullish reversal for SHIB in the near future. These metrics include <\/span>increased accumulation<\/span><\/a> from whales and a meteoric surge in SHIB burns. <\/span>Fundamentals <\/span><\/a>and constant updates from the Shiba Inu team also point to a bullish outlook for the cryptocurrency. One of these is the <\/span>recent update<\/span><\/a> for Shiba Eternity, Shiba Inu’s collectible card game.\u00a0<\/span><\/p>\n

According to crypto analyst Armando Patonja, SHIB is on the verge of <\/span>breaking out<\/span><\/a> of a triangular formation, which could see it surging to the $0.000048 price for the second time this year. Once Shiba Inu breaks $0.000048, the next target is $0.0006, over 100% higher than today’s price.<\/span><\/p>\n

\"Shiba<\/p>\n

SHIB price at $0.000027 | Source: SHIBUSDT on Tradingview.com<\/a><\/pre>\n
Featured image from Techpoint Africa, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Crypto analyst Kamaz recently dropped a bullish trajectory analysis regarding Shiba Inu on its journey to reaching above the $0.00003 mark again. In his latest update, Kamaz noted three bullish price targets for SHIB in a long position after noting a potential market upswing. Interestingly, this bullish prediction comes amidst a wider market uncertainty and with Shiba Inu registering a bullish reversal in on-chain metrics.\u00a0 Analyst Drops Bullish Trading Strategy Kamaz’s analysis is based on a 4-hour chart timeframe which he shared on social media. At the time of analysis, SHIB was trading at $0.00002883 and recent candle formation shows the bulls trying to reverse the formation of bearish candles which has already lasted for 24 hours at this point.\u00a0 Related Reading: Solana Open Interest Drops $370 Million Amid Network Troubles, $200 Still Possible? The analyst recommended opening a long position, with three consecutive targets materializing by April 12. The earliest target is just above $0.0003. Particularly, this target coincides with the low of the last candle formation on March 31. If Shiba Inu can break through the $0.00003 resistance level and hold steady above it, this puts Kamaz’s next target just below $0.0000315, which also coincides with the March 21 high of $0.000031336. Kamaz’s final SHIB target is at $0.000032930, the crypto’s highest on March 28, representing a 14% increase from the current price level. This small profit potential for reaching the final target makes it interesting to note that Kamaz’s prediction is of a short-term price outlook. SHIB has, in fact, gone past these price targets in the current bull cycle to reach as high as $0.000044 on March 5. However, the crypto has since corrected over 20% from this peak. Cryptocurrencies are volatile, so Kamaz’s analysis came with setting a firm stop loss at $0.00002810 to avoid getting caught in a reversal.\u00a0 Current Shiba Inu Outlook According to Kamaz, his analysis was based on various reasons ranging from SHIB turning resistance to support, inside 1-day bullish order block, and inside discount, among others. Related Reading: Crypto Founder Warns Of Burgeoning Bitcoin Fire Sale, Here\u2019s What It Means On-chain metrics are also pointing to a bullish reversal for SHIB in the near future. These metrics include increased accumulation from whales and a meteoric surge in SHIB burns. Fundamentals and constant updates from the Shiba Inu team also point to a bullish outlook for the cryptocurrency. One of these is the recent update for Shiba Eternity, Shiba Inu’s collectible card game.\u00a0 According to crypto analyst Armando Patonja, SHIB is on the verge of breaking out of a triangular formation, which could see it surging to the $0.000048 price for the second time this year. Once Shiba Inu breaks $0.000048, the next target is $0.0006, over 100% higher than today’s price. SHIB price at $0.000027 | Source: SHIBUSDT on Tradingview.com Featured image from Techpoint Africa, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":602476,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[83668,89178,84473,83667,89157,86437,84562,84558],"class_list":["post-602444","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-shib","tag-shib-news","tag-shib-price","tag-shiba-inu","tag-shiba-inu-news","tag-shiba-inu-price","tag-shibusd","tag-shibusdt"],"acf":[],"yoast_head":"\nCrypto Analyst Drops Trading Strategy To Profit Off Shiba Inu\u2019s Next Leg Up Above $0.00003<\/title>\n<meta name=\"description\" content=\"Crypto analyst Kamaz recently dropped a bullish trajectory analysis regarding Shiba Inu on its 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Analyst Drops Trading Strategy To Profit Off Shiba Inu\u2019s Next Leg Up Above $0.00003","url":"http:\/\/ktsl888.com\/news\/shiba-inu-coin\/trading-strategy-shiba-inu\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/shiba-inu-coin\/trading-strategy-shiba-inu\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/Shiba-Inu-1.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/Shiba-Inu-1.jpeg?fit=1000%2C666"},"articleSection":"Shiba Inu Coin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["shib","shib news","shib price","shiba inu","shiba inu news","shiba inu price","shibusd","shibusdt"],"dateCreated":"2024-04-10T21:00:15Z","datePublished":"2024-04-10T21:00:15Z","dateModified":"2024-06-11T07:21:09Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Analyst Drops Trading Strategy To Profit Off Shiba Inu\\u2019s Next Leg Up Above $0.00003\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/shiba-inu-coin\\\/trading-strategy-shiba-inu\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/shiba-inu-coin\\\/trading-strategy-shiba-inu\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Shiba-Inu-1.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Shiba-Inu-1.jpeg?fit=1000%2C666\"},\"articleSection\":\"Shiba Inu Coin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"shib\",\"shib news\",\"shib price\",\"shiba inu\",\"shiba inu news\",\"shiba inu price\",\"shibusd\",\"shibusdt\"],\"dateCreated\":\"2024-04-10T21:00:15Z\",\"datePublished\":\"2024-04-10T21:00:15Z\",\"dateModified\":\"2024-06-11T07:21:09Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/Shiba-Inu-1.jpeg?fit=1000%2C666","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/602444"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=602444"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/602444\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/602476"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=602444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=602444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=602444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}