#SHIBUSDT (support band )
SHIB / TetherUS BINANCE:SHIBUSDT
a strong supportzone are seen.
If a time reaches this range, we will closely monitor its movements.
Thursday, December 19, 2024
December 18, 2024 at 11:33PM #SHIBUSDT (support band )
Wednesday, December 18, 2024
December 18, 2024 at 06:38PM SHIBUSDT.1D
SHIBUSDT.1D
SHIB / TetherUS BINANCE:SHIBUSDT
The daily chart of SHIB/USDT highlights an ongoing consolidation with recent upward momentum, as the market responds to key resistance and support levels. This analysis will delve into the current market structure, key levels to watch, and insights from the technical indicators.
Price Action and Structure:
SHIB/USDT has shown a considerable rebound from lower levels, currently trading around $0.00002317. The chart displays a clear resistance and support framework that influences the current market dynamics.
Resistance and Support Levels:
Resistance Levels: The immediate resistance is observed at $0.00003364 (R1), which has recently been tested. A breakthrough this level may lead to testing the next significant resistance at $0.00004563 (R2), indicating a strong bullish momentum if achieved.
Support Levels: The primary support level is at $0.00001963 (S1). This level is crucial for maintaining the current bullish sentiment. A drop below this point could see the price heading towards $0.00001035 (S2), which would represent a more significant bearish shift.
Moving Averages:
While specific moving averages aren't visible on the chart, their general position relative to the price can provide insights into the trend. Typically, prices above key moving averages suggest bullish conditions, while below can indicate bearish scenarios.
Technical Indicators:
MACD: The Moving Average Convergence Divergence (MACD) indicator is close to the baseline with a minimal histogram, suggesting a lack of strong momentum in either direction. This could indicate a consolidation phase or the market awaiting further cues.
RSI: The Relative Strength Index (RSI) at 52.36 is near the neutral zone, which neither confirms overbought nor oversold conditions, supporting the notion of consolidation within the market.
Conclusion:
SHIB/USDT shows potential for further upward movement if it successfully breaches the resistance at $0.00003364. However, the current indicators suggest a cautious approach as the market is not showing strong directional momentum. Traders should keep an eye on the R1 and S1 levels as breakouts or breakdowns from these levels could determine the next significant move in the market. Risk management and close monitoring of emerging market trends and sentiment are advised given the consolidative nature reflected in the technical indicators.
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Monday, December 16, 2024
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December 16, 2024 at 05:06AM SHIB/USDT Price Prediction - 1W
SHIB/USDT Price Prediction - 1W
SHIB / TetherUS BINANCE:SHIBUSDT
Trend Prediction - SHIB/USDT Forecasting
Resistance and Support Lines
In the weekly time frame, an Cup and Handle pattern is visible on the chart. It will take some time for it to fully develop. It seems that a large uptrend is on the way. Caution is advisable.
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Sunday, December 15, 2024
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Saturday, December 14, 2024
December 14, 2024 at 04:09PM SHIB Analysis with M. Jenkins’ Secret Angle Indicator
SHIB Analysis with M. Jenkins’ Secret Angle Indicator
SHIB / TetherUS BINANCE:SHIBUSDT
Overview
This analysis applies the M. Jenkins Secret Angle indicator to SHIB, building on the insights and methodologies demonstrated in my previous BTC.D analysis. By examining key historical pivot points, critical dates, and pivotal support angles/resistance levels, we can better understand SHIB’s potential price trajectory.
Historic W4COT Labels
W4COT dates are generated when a specific angle intersects a horizontal level on the chart. Historically, these points have aligned closely with significant SHIB price pivots, affirming the indicator’s predictive utility and increasing confidence in its current projections. The green vertical lines represent timelines to anticipate price movements as well.
50% Square-Out
A critical timing event arrives on January 5th, 2025, as the 50% square-out expires. This date represents a balanced midpoint in both price and time, measured from the March 2024 high down to the swing low. If SHIB were to hover near this midpoint on the date "salmon circle drawn on the chart", this would represent the balance of time and price. If not, the date is still significant to watch for.
Tip:
To add depth to your analysis, plot a Gann Box from the swing low through January 5th, 2026, extending upward to the 25% resistance level. This offers a complementary visual framework that aligns with this indicator and can help identify additional support, resistance, and potential turning points in SHIB’s price structure.
Current Support Angle
Since November, SHIB has maintained a position above a key aqua-colored support angle, suggesting underlying bullish momentum. Holding this line reinforces positive sentiment, while a confirmed break below may signal a move toward lower supportive angles and a potential change in trend dynamics.
Key Observations
- W4COT Dates: Historical markers that often align with meaningful price movements.
- 50% Square-Out (January 5th, 2025): A crucial timing level where price-time equilibrium may yield a decisive change in market direction.
- Support Angle: The aqua trendline underpins a bullish structure. Any breach could trigger a change of trend.
- Gann Box Integration: Drawing a Gann Box enhances angle-based analysis, revealing additional layers of support, resistance, and timing cues.
Note:
For further context and to appreciate the indicator’s reliability, review my previous BTC.D analysis.
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