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since the last readPrice has left the range the coin's last read drew.
Price has left the range the coin's last read drew.
Breakdown from the 0.000004761–0.000006035 range on Oct 29, holding under it, price at the floor of the move since
The setup is clearly bearish while SHIB stays under 0.000004772: lower highs and lower lows, price at the bottom of the run.
Backing it: it broke down from its month-long range and has held it and the weekly chart is down.
Price is under the 50-day average (0.000005266). It is under the 200-day average (0.000005139).
The last 5 days are down 1.8%, nearly every high lower than the one before.
Price is 12.5% under 0.000005088, the top of the range it has built since the bounce, and 0.3% over 0.000004440, the low of that range.
What kills the setup: a daily close over 0.000004772, 6.7% away.
For it: price is under the average price buyers have paid since the 0.000004057 low, 0.000005155, so those buyers are losing money; Momentum favours the sellers (RSI 35): their closes have been stronger.
Against it: the selling is losing force: price made a lower low, but momentum (RSI) did not follow it down.
While SHIB stays under 0.000004772 the setup stays bearish; 0.000004440 is the next line it has to break.
A 1D close above 0.000004772 ends the downtrend pressing its lows; no tested level above it on this chart — the next round number is 0.000005000.
A 1D close below 0.000004440 breaks down out of the range; the next level down is 0.000004349.
0.000004440 is the floor — the low of the range.
0.000005088 is the ceiling — the top of the range. It is also the prior week high.
On Oct 29 SHIB closed below the 0.000004761–0.000006035 range it had held for a month. It slipped back inside on Oct 30 and is under the old floor, 0.000004761, again now.
Price is at the floor of the 0.000004440–0.000005088 range.
The weekly picture: a weekly downtrend, 95% under the all-time high; on the daily, price is below the 200-day average (0.000005139), and the 50-day average is above the 200-day average. The daily has no trend of its own.
Against BTC: over the last 5 daily candles SHIB moved -1.8% and BTC -1.2% — SHIB is moving with it.
The trend has been the sellers': the weekly chart is down. The indicators pull both ways: RSI shows a bullish divergence — price set a lower low that momentum did not confirm; but price is under the average price buyers have paid since the 0.000004057 low, 0.000005155, so those buyers are losing money.
| Level | Price | From price | Role |
|---|---|---|---|
| Swing high | 0.000006035 | +35.5% | swing, read |
| Swing high | 0.000005266 | +18.3% | swing, read |
| Prior week high (not retested) | 0.000005088 | +14.2% | calendar, fib |
| Swing high | 0.000005000 | +12.2% | swing, read |
| Swing high | 0.000004772 | +6.9% | swing, read |
| Swing high | 0.000004761 | +6.5% | swing, read |
| Golden pocket | 0.000004696 | +5.4% | golden pocket, calendar |
| Resistance | 0.000004678 | +5.0% | calendar, fib |
| Fib retracement | 0.000004598 | +3.2% | fib, swing |
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