SHIB Daily Projection: Tuesday
Good afternoon everyone. Welcome to a new day as we dive into Shiba Inu analysis together.
There are some encouraging signs as it appears that despite the overall Downtrend pressure, investors still retained Long term Bullish optimism. Momentum Indicators show that the price has moved to clear Oversold conditions. Buyers capitulated across multiple time frames, leading to the Downtrend pressure. Trend Indicators reveal that the price fell BELOW the Ichimoku Cloud, but the Bollinger Bands have begun to contract again. Short term ADX values confirm the Oversold strength of the Bearish Downtrend. The price is firmly BELOW the Supertrend and all EMAs, confirming Consolidation. Volatility Indicators show declining Volatility, with the Volatility Bands confirming Oversold Consolidation. These are all signs that breakout pressure is building.
Volume Indicators signal Short term conviction, as an increased number of Buyers stepped into the dips nearly neutralizing the outflow of money from the Downtrend. Currently, barely more money is flowing out of the market than in. The MFI confirms deep Oversold territory. Sentiment Indicators reveal the resilience of investor convictions, with Strong signs of accumulation throughout the Downtrend. Although we have reverted to the previous negative Trend cycle and slightly reinforced it, Buyers’ conviction is holding enough to counteract Bearish Sell pressures. News Sentiment aligns with the market, as articles tap into both psychological and technical indicators. Majority of articles offered a Long term Bullish bias by highlighting aggressive token burns, positive technical reversals, and potential institutional catalysts. At the same time, they draw attention to Short term risks of Volatility by revealing whale outflows and price declines. This balanced coverage helps stave off FUD/FOMO.
Given these encouraging Indicators, it appears that during this Downtrend we approached our Oversold benchmarks and will begin Consolidating the Downtrend. This will usher in a Neutral/Bullish wait-and-see phase through the Short term as investors look for signals of the market’s direction.
Long term Support and Resistances show that the ‘Support and Resistance Walls’ are beginning to tighten the Neutral zone. The current price rests just inside the top of the ‘Wall of Support’ at the 1st-level pivot point at $0.00001240. This is roughly where I expected our LOW to be, and I don’t see us going much lower today. At MAX, we should attempt to recapture our Neutral zone between the ‘Support and Resistance Walls’, up to the Neutral major pivot point at $0.00001310.
As always, I wish you all the best of luck with your life. Thank you for your continued support. Remember, bullying always hurts, so hug your loved ones and let them know they're the most important to you in the world.
The petition still needs your help. Make sure to check it out and help our community with your signature. Together, we can make great changes, and through Shiba Inu, we can harness the collective power of this community.
Petition:
Good afternoon everyone. Welcome to a new day as we dive into Shiba Inu analysis together.
There are some encouraging signs as it appears that despite the overall Downtrend pressure, investors still retained Long term Bullish optimism. Momentum Indicators show that the price has moved to clear Oversold conditions. Buyers capitulated across multiple time frames, leading to the Downtrend pressure. Trend Indicators reveal that the price fell BELOW the Ichimoku Cloud, but the Bollinger Bands have begun to contract again. Short term ADX values confirm the Oversold strength of the Bearish Downtrend. The price is firmly BELOW the Supertrend and all EMAs, confirming Consolidation. Volatility Indicators show declining Volatility, with the Volatility Bands confirming Oversold Consolidation. These are all signs that breakout pressure is building.
Volume Indicators signal Short term conviction, as an increased number of Buyers stepped into the dips nearly neutralizing the outflow of money from the Downtrend. Currently, barely more money is flowing out of the market than in. The MFI confirms deep Oversold territory. Sentiment Indicators reveal the resilience of investor convictions, with Strong signs of accumulation throughout the Downtrend. Although we have reverted to the previous negative Trend cycle and slightly reinforced it, Buyers’ conviction is holding enough to counteract Bearish Sell pressures. News Sentiment aligns with the market, as articles tap into both psychological and technical indicators. Majority of articles offered a Long term Bullish bias by highlighting aggressive token burns, positive technical reversals, and potential institutional catalysts. At the same time, they draw attention to Short term risks of Volatility by revealing whale outflows and price declines. This balanced coverage helps stave off FUD/FOMO.
Given these encouraging Indicators, it appears that during this Downtrend we approached our Oversold benchmarks and will begin Consolidating the Downtrend. This will usher in a Neutral/Bullish wait-and-see phase through the Short term as investors look for signals of the market’s direction.
Long term Support and Resistances show that the ‘Support and Resistance Walls’ are beginning to tighten the Neutral zone. The current price rests just inside the top of the ‘Wall of Support’ at the 1st-level pivot point at $0.00001240. This is roughly where I expected our LOW to be, and I don’t see us going much lower today. At MAX, we should attempt to recapture our Neutral zone between the ‘Support and Resistance Walls’, up to the Neutral major pivot point at $0.00001310.
As always, I wish you all the best of luck with your life. Thank you for your continued support. Remember, bullying always hurts, so hug your loved ones and let them know they're the most important to you in the world.
The petition still needs your help. Make sure to check it out and help our community with your signature. Together, we can make great changes, and through Shiba Inu, we can harness the collective power of this community.
Petition: