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 02/11/2022 (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%

22%

My opinion

Bullish above 0.000024 USDT

My targets

0.000039 USDT (+25.81%)

0.000047 USDT (+51.61%)

My analysis

The current short-term bullish acceleration on SHIBA INU - SHIB/USDT should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 0.000024 USDT. Short-term buyers will use the resistance located at 0.000039 USDT as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 0.000047 USDT. Crossing this resistance would then open the door for buyers to target 0.000065 USDT. Caution, if there is a return to under 0.000024 USDT, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.

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

4.3

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 0.000031 USDT. The price registered an increase of +0.00% on the session and was between 0.000030 USDT and 0.000031 USDT. This implies that the price is at +3.33% from its lowest and at 0% from its highest.

0.000030

0.000031

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

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

A technical analysis in Daily of this SHIBA INU - SHIB/USDT chart shows a neutral trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being 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, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.000007	0.000021	0.000031	0.000031	0.000039	0.000047	0.000065
Change (%)	-77.42%	-32.26%	0%	-	+25.81%	+51.61%	+109.68%
Change	-0.000024	-0.000010	0	-	+0.000008	+0.000016	+0.000034
Level	Minor	Intermediate	Intermediate	-	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	0.000029	0.000030	0.000032	0.000033	0.000035	0.000036
Camarilla	0.000030	0.000031	0.000031	0.000031	0.000031	0.000032	0.000032
Woodie	0.000027	0.000029	0.000030	0.000032	0.000033	0.000035	0.000036
Fibonacci	0.000029	0.000030	0.000031	0.000032	0.000033	0.000034	0.000035

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	61.14
MACD (12,26,9):	0.0000
Directional Movement:	14.746396
AROON (14):	71.428571
DEMA (21):	0.000027
Parabolic SAR (0,02-0,02-0,2):	0.000021
Elder Ray (13):	0.000003
Super Trend (3,10):	0.000022
Zig ZAG (10):	0.000031
VORTEX (21):	1.1311
Stochastique (14,3,5):	77.78
TEMA (21):	0.000030
Williams %R (14):	-26.67
Chande Momentum Oscillator (20):	0.000010
Repulse (5,40,3):	3.4903
ROCnROLL:	1
TRIX (15,9):	-0.2900
Courbe Coppock:	78.96

MA7:	0.000030
MA20:	0.000024
MA50:	0.000028
MA100:	0.000035
MAexp7:	0.000030
MAexp20:	0.000027
MAexp50:	0.000028
MAexp100:	0.000029
Price / MA7:	+3.33%
Price / MA20:	+29.17%
Price / MA50:	+10.71%
Price / MA100:	-11.43%
Price / MAexp7:	+3.33%
Price / MAexp20:	+14.81%
Price / MAexp50:	+10.71%
Price / MAexp100:	+6.90%

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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