SHIBA INU - SHIB/USD - Daily - Technical analysis published on 03/12/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 0.000027 USD
My targets
0.000021 USD (-4.55%)
0.000019 USD (-13.64%)
My analysis
The bearish trend is currently very strong for SHIBA INU - SHIB/USD. As long as the price remains below the resistance at 0.000027 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.000021 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.000019 USD as an objective. Crossing it would then enable sellers to target 0.000007 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.4
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This analysis was given by baltbach. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SHIBA INU - SHIB/USD price is 0.000022 USD. On the day, this instrument gained +0.00% and was between 0.000022 USD and 0.000023 USD. This implies that the price is at 0% from its lowest and at -4.35% from its highest.0.000022
0.000023
0.000022
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
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. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a slightly bearish signal.
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
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
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
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
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 |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.000021 | 0.000021 | 0.000022 | 0.000022 | 0.000023 | 0.000023 | 0.000024 |
| Camarilla | 0.000022 | 0.000022 | 0.000022 | 0.000022 | 0.000022 | 0.000022 | 0.000022 |
| Woodie | 0.000021 | 0.000021 | 0.000022 | 0.000022 | 0.000023 | 0.000023 | 0.000024 |
| Fibonacci | 0.000021 | 0.000022 | 0.000022 | 0.000022 | 0.000023 | 0.000023 | 0.000023 |
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: | -6.626350 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.000023 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.000029 | |
| Elder Ray (13): | -0.000002 | |
| Super Trend (3,10): | 0.000028 | |
| Zig ZAG (10): | 0.000022 | |
| VORTEX (21): | 0.8913 | |
| Stochastique (14,3,5): | 4.76 | |
| TEMA (21): | 0.000022 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.000004 | |
| Repulse (5,40,3): | -8.4494 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.4459 | |
| Courbe Coppock: | 14.86 |
| MA7: | 0.000023 | |
| MA20: | 0.000024 | |
| MA50: | 0.000025 | |
| MA100: | 0.000029 | |
| MAexp7: | 0.000023 | |
| MAexp20: | 0.000024 | |
| 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: | -8.33% | |
| Price / MAexp50: | -15.38% | |
| Price / MAexp100: | -18.52% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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