SHIBA INU (X100) - SHIB/EUR

- EUR (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	SHIBEUR
ISIN:

SHIBA INU (X100) - SHIB/EUR - Daily - Technical analysis published on 05/02/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

17%

67%

17%

My opinion

Bearish under 0.002290 EUR

My targets

0.001774 EUR (-13.38%)

0.001646 EUR (-19.63%)

My analysis

The current short-term bearish acceleration registered on SHIBA INU (X100) - SHIB/EUR should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 0.002290 EUR. Short-term sellers will use the support located at 0.001774 EUR as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 0.001646 EUR. Crossing this support would then open the door for sellers to target 0.001066 EUR. Caution, if there is a return to below 0.002290 EUR, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

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

Additional analysis

Quotes

The SHIBA INU (X100) - SHIB/EUR rating is 0.002048 EUR. The price registered a decrease of -3.12% on the session and was traded between 0.002037 EUR and 0.002138 EUR over the period. The price is currently at +0.54% from its lowest and -4.21% from its highest.

0.002037

0.002138

0.002048

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

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 (X100) - SHIB/EUR indicates that the overall trend is not clearly defined. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

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

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.001066	0.001646	0.002020	0.002048	0.002290	0.002645	0.002966
Change (%)	-47.95%	-19.63%	-1.37%	-	+11.82%	+29.15%	+44.82%
Change	-0.000982	-0.000402	-0.000028	-	+0.000242	+0.000597	+0.000918
Level	Minor	Intermediate	Major	-	Intermediate	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.001750	0.001841	0.001977	0.002068	0.002204	0.002295	0.002431
Camarilla	0.002052	0.002072	0.002093	0.002114	0.002135	0.002156	0.002176
Woodie	0.001774	0.001852	0.002001	0.002079	0.002228	0.002306	0.002455
Fibonacci	0.001841	0.001927	0.001981	0.002068	0.002154	0.002208	0.002295

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.001774	0.002015	0.002167	0.002408	0.002560	0.002801	0.002953
Camarilla	0.002211	0.002247	0.002283	0.002319	0.002355	0.002391	0.002427
Woodie	0.001730	0.001993	0.002123	0.002386	0.002516	0.002779	0.002909
Fibonacci	0.002015	0.002165	0.002258	0.002408	0.002558	0.002651	0.002801

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.000537	0.001146	0.001622	0.002231	0.002707	0.003316	0.003792
Camarilla	0.001800	0.001899	0.001999	0.002098	0.002198	0.002297	0.002396
Woodie	0.000471	0.001113	0.001556	0.002198	0.002641	0.003283	0.003726
Fibonacci	0.001146	0.001561	0.001817	0.002231	0.002646	0.002902	0.003316

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):	37.56
MACD (12,26,9):	-0.0001
Directional Movement:	-13.298845
AROON (14):	-71.428572
DEMA (21):	0.002196
Parabolic SAR (0,02-0,02-0,2):	0.002609
Elder Ray (13):	-0.000156
Super Trend (3,10):	0.001997
Zig ZAG (10):	0.002047
VORTEX (21):	0.8927
Stochastique (14,3,5):	20.24
TEMA (21):	0.002126
Williams %R (14):	-84.54
Chande Momentum Oscillator (20):	-0.000425
Repulse (5,40,3):	-6.8337
ROCnROLL:	2
TRIX (15,9):	-0.3528
Courbe Coppock:	0.79

MA7:	0.002207
MA20:	0.002248
MA50:	0.002464
MA100:	0.001925
MAexp7:	0.002182
MAexp20:	0.002289
MAexp50:	0.002285
MAexp100:	0.002015
Price / MA7:	-7.20%
Price / MA20:	-8.90%
Price / MA50:	-16.88%
Price / MA100:	+6.39%
Price / MAexp7:	-6.14%
Price / MAexp20:	-10.53%
Price / MAexp50:	-10.37%
Price / MAexp100:	+1.64%

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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