SHIB Elliott Wave Analysis – Long Term OutlookChart Idea:
According to Elliott Wave Theory, SHIB appears to have completed a long corrective Wave (2) and is potentially entering the early stage of a major Wave (3). If confirmed, this could be the most impulsive and powerful wave in the cycle.
🔎 Elliott Wave Count
Wave 1 (2021): The parabolic rally forming the first impulse wave.
Wave 2 (2022–2023): A deep, multi-year correction that tested strong support.
Wave 3 (in progress): The current structure suggests that SHIB may be starting Wave (3) of Wave 3, which often is the most explosive part of the cycle.
📊 Key Fibonacci Targets (based on Wave 1 projection)
1.618 extension: 0.00007487
2.618 extension: 0.00011234
3.618 extension: 0.00015481
⚡ Support & Resistance Levels
Key Support: 0.00000920 – 0.00001000 (must hold as the base of Wave 2)
Resistance 1: 0.00001700 – 0.00002000 (confirmation zone)
Resistance 2: 0.00003490 (Fib 0.618 retracement)
Major Target: 0.00007487 – 0.00015481
📝 Strategy Outlook
Bullish case: A confirmed breakout above 0.000017–0.000020 with volume would validate the start of Wave (3).
Bearish case: A break below 0.00000920 invalidates this wave count and suggests a prolonged correction.
⚠️ Risk Disclaimer
This analysis is for educational purposes only and not financial advice. Elliott Wave is subjective and relies on confirmation signals. Cryptocurrency markets are highly volatile — always manage risk, use stop-loss strategies, and never invest more than you can afford to lose.
👉 If this wave count plays out, SHIB could be setting up for a long-term bullish cycle. Patience is key, as major Wave 3s usually take time but often deliver exponential moves.
