SHIBA INU - SHIB/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	SHIBUSD
ISIN:

SHIBA INU - SHIB/USD - Daily - Technical analysis published on 03/11/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
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Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

61%

22%

My opinion

Bearish under 0.000027 USD

My targets

0.000021 USD (-4.55%)

0.000019 USD (-13.64%)

My analysis

SHIBA INU - SHIB/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.000027 USD. The next support located at 0.000021 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.000019 USD. Below this support, sellers could then target 0.000007 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by baltbach.

Additional analysis

Quotes

The SHIBA INU - SHIB/USD price is 0.000022 USD. The price registered a decrease of -4.35% on the session with the lowest point at 0.000022 USD and the highest point at 0.000023 USD. The deviation from the price is 0% for the low point and -4.35% for the high point.

0.000022

0.000023

0.000022

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Daily chart of SHIBA INU - SHIB/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Aroon indicator bearish trend

Type : Bearish

Timeframe : Daily

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near support of triangle

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.000007	0.000021	0.000022	0.000031	0.000047	0.000065
Change (%)	-68.18%	-4.55%	-	+40.91%	+113.64%	+195.45%
Change	-0.000015	-0.000001	-	+0.000009	+0.000025	+0.000043
Level	Minor	Major	-	Intermediate	Minor	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.000020	0.000021	0.000022	0.000023	0.000024	0.000025	0.000026
Camarilla	0.000023	0.000023	0.000023	0.000023	0.000023	0.000023	0.000024
Woodie	0.000020	0.000021	0.000022	0.000023	0.000024	0.000025	0.000026
Fibonacci	0.000021	0.000022	0.000022	0.000023	0.000024	0.000024	0.000025

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.000016	0.000020	0.000022	0.000026	0.000028	0.000032	0.000034
Camarilla	0.000023	0.000024	0.000025	0.000025	0.000026	0.000026	0.000027
Woodie	0.000016	0.000020	0.000022	0.000026	0.000028	0.000032	0.000034
Fibonacci	0.000020	0.000022	0.000023	0.000026	0.000028	0.000029	0.000032

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.000004	0.000012	0.000019	0.000027	0.000034	0.000042	0.000049
Camarilla	0.000022	0.000023	0.000025	0.000026	0.000027	0.000029	0.000030
Woodie	0.000004	0.000012	0.000019	0.000027	0.000034	0.000042	0.000049
Fibonacci	0.000012	0.000018	0.000021	0.000027	0.000033	0.000036	0.000042

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	39.33
MACD (12,26,9):	0.0000
Directional Movement:	-6.850698
AROON (14):	-42.857142
DEMA (21):	0.000023
Parabolic SAR (0,02-0,02-0,2):	0.000029
Elder Ray (13):	-0.000002
Super Trend (3,10):	0.000029
Zig ZAG (10):	0.000022
VORTEX (21):	0.8723
Stochastique (14,3,5):	17.26
TEMA (21):	0.000023
Williams %R (14):	-100.00
Chande Momentum Oscillator (20):	-0.000001
Repulse (5,40,3):	-8.1287
ROCnROLL:	2
TRIX (15,9):	-0.4080
Courbe Coppock:	12.29

MA7:	0.000023
MA20:	0.000024
MA50:	0.000025
MA100:	0.000029
MAexp7:	0.000023
MAexp20:	0.000025
MAexp50:	0.000026
MAexp100:	0.000027
Price / MA7:	-4.35%
Price / MA20:	-8.33%
Price / MA50:	-12.00%
Price / MA100:	-24.14%
Price / MAexp7:	-4.35%
Price / MAexp20:	-12.00%
Price / MAexp50:	-15.38%
Price / MAexp100:	-18.52%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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