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 03/29/2022 (GMT)

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Timeframe : Daily
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Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

78%

17%

My opinion

Bullish above 0.000024 USDT

My targets

0.000031 USDT (+14.81%)

0.000041 USDT (+52.96%)

My analysis

SHIBA INU - SHIB/USDT is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 0.000024 USDT, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 0.000031 USDT. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 0.000041 USDT would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 0.000047 USDT. Beware of a possible return to under the support located at 0.000024 USDT which would be the sign of a correction of the bullish excesses registered in the short term.

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

Additional analysis

Quotes

The SHIBA INU - SHIB/USDT rating is 0.000027 USDT. The price registered an increase of +3.85% on the session and was between 0.000026 USDT and 0.000028 USDT. This implies that the price is at +3.85% from its lowest and at -3.57% from its highest.

0.000026

0.000028

0.000027

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

The Central Records scanner, which identifies the highest / lowest, has detected an element:

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 an overall slightly bullish trend. 50.00% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

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

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	0.000027	0.000031	0.000047	0.000065
Change (%)	-74.07%	-22.22%	-	+14.81%	+74.07%	+140.74%
Change	-0.000020	-0.000006	-	+0.000004	+0.000020	+0.000038
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	0.000020	0.000023	0.000024	0.000027	0.000028	0.000031	0.000032
Camarilla	0.000025	0.000025	0.000026	0.000026	0.000026	0.000027	0.000027
Woodie	0.000020	0.000023	0.000024	0.000027	0.000028	0.000031	0.000032
Fibonacci	0.000023	0.000024	0.000025	0.000027	0.000028	0.000029	0.000031

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.000019	0.000021	0.000022	0.000024	0.000025	0.000027	0.000028
Camarilla	0.000023	0.000024	0.000024	0.000024	0.000024	0.000025	0.000025
Woodie	0.000020	0.000021	0.000023	0.000024	0.000026	0.000027	0.000029
Fibonacci	0.000021	0.000022	0.000023	0.000024	0.000025	0.000026	0.000027

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.000006	0.000013	0.000020	0.000027	0.000034	0.000041	0.000048
Camarilla	0.000022	0.000023	0.000025	0.000026	0.000027	0.000029	0.000030
Woodie	0.000005	0.000013	0.000019	0.000027	0.000033	0.000041	0.000047
Fibonacci	0.000013	0.000019	0.000022	0.000027	0.000033	0.000036	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):	63.23
MACD (12,26,9):	0.0000
Directional Movement:	18.864475
AROON (14):	92.857143
DEMA (21):	0.000025
Parabolic SAR (0,02-0,02-0,2):	0.000022
Elder Ray (13):	0.000002
Super Trend (3,10):	0.000022
Zig ZAG (10):	0.000027
VORTEX (21):	1.0938
Stochastique (14,3,5):	77.98
TEMA (21):	0.000025
Williams %R (14):	-28.57
Chande Momentum Oscillator (20):	0.000005
Repulse (5,40,3):	2.5284
ROCnROLL:	1
TRIX (15,9):	-0.1385
Courbe Coppock:	25.84

MA7:	0.000025
MA20:	0.000023
MA50:	0.000025
MA100:	0.000027
MAexp7:	0.000025
MAexp20:	0.000024
MAexp50:	0.000025
MAexp100:	0.000026
Price / MA7:	+8.00%
Price / MA20:	+17.39%
Price / MA50:	+8.00%
Price / MA100:	-0%
Price / MAexp7:	+8.00%
Price / MAexp20:	+12.50%
Price / MAexp50:	+8.00%
Price / MAexp100:	+3.85%

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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