SHIBA INU - SHIB/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	SHIBUSDT
ISIN:

SHIBA INU - SHIB/USDT - Daily - Technical analysis published on 02/10/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

78%

17%

My opinion

Bullish above 0.000031 USDT

My targets

0.000039 USDT (+21.88%)

0.000047 USDT (+46.88%)

My analysis

The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for SHIBA INU - SHIB/USDT as long as the price remains well above 0.000031 USDT. The buyers' bullish objective is set at 0.000039 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.000047 USDT. If there is any crossing, the next objective would be the resistance located at 0.000065 USDT.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

4.1

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 ph1. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SHIBA INU - SHIB/USDT price is 0.000032 USDT. On the day, this instrument lost -3.03% and was between 0.000031 USDT and 0.000034 USDT. This implies that the price is at +3.23% from its lowest and at -5.88% from its highest.

0.000031

0.000034

0.000032

A study of price movements over other periods shows the following variations:

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

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

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 SHIBA INU - SHIB/USDT in Daily shows a neutral overall trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.000007	0.000021	0.000027	0.000032	0.000039	0.000047	0.000065
Change (%)	-78.13%	-34.38%	-15.63%	-	+21.88%	+46.88%	+103.13%
Change	-0.000025	-0.000011	-0.000005	-	+0.000007	+0.000015	+0.000033
Level	Minor	Intermediate	Minor	-	Intermediate	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.000027	0.000028	0.000031	0.000032	0.000035	0.000036	0.000039
Camarilla	0.000032	0.000032	0.000033	0.000033	0.000033	0.000034	0.000034
Woodie	0.000027	0.000029	0.000031	0.000033	0.000035	0.000037	0.000039
Fibonacci	0.000028	0.000030	0.000031	0.000032	0.000034	0.000035	0.000036

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.000017	0.000018	0.000021	0.000022	0.000025	0.000026	0.000029
Camarilla	0.000022	0.000022	0.000023	0.000023	0.000023	0.000024	0.000024
Woodie	0.000017	0.000019	0.000021	0.000023	0.000025	0.000027	0.000029
Fibonacci	0.000018	0.000020	0.000021	0.000022	0.000024	0.000025	0.000026

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.000003	0.000007	0.000014	0.000024	0.000031	0.000041	0.000048
Camarilla	0.000016	0.000018	0.000019	0.000021	0.000023	0.000024	0.000026
Woodie	-0.000005	0.000006	0.000013	0.000023	0.000030	0.000040	0.000047
Fibonacci	0.000007	0.000014	0.000018	0.000024	0.000031	0.000035	0.000041

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):	64.09
MACD (12,26,9):	0.0000
Directional Movement:	17.541384
AROON (14):	78.571429
DEMA (21):	0.000027
Parabolic SAR (0,02-0,02-0,2):	0.000021
Elder Ray (13):	0.000006
Super Trend (3,10):	0.000022
Zig ZAG (10):	0.000032
VORTEX (21):	1.0769
Stochastique (14,3,5):	80.00
TEMA (21):	0.000030
Williams %R (14):	-20.00
Chande Momentum Oscillator (20):	0.000010
Repulse (5,40,3):	8.5956
ROCnROLL:	1
TRIX (15,9):	-0.4911
Courbe Coppock:	71.17

MA7:	0.000029
MA20:	0.000024
MA50:	0.000028
MA100:	0.000036
MAexp7:	0.000029
MAexp20:	0.000027
MAexp50:	0.000028
MAexp100:	0.000029
Price / MA7:	+10.34%
Price / MA20:	+33.33%
Price / MA50:	+14.29%
Price / MA100:	-11.11%
Price / MAexp7:	+10.34%
Price / MAexp20:	+18.52%
Price / MAexp50:	+14.29%
Price / MAexp100:	+10.34%

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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