In this report, we will conduct a detailed analysis of the Shiba Inu (SHIB) price against Tether (USDT) based on modern scientific and mathematical tools including time cycles, fractals, and advanced technical analysis. The chart on the weekly and daily ranges shows strong bullish signals, supported by frequent fractal overlaps, confirming the continuation of the bullish trend in the coming period.
Fractal and time cycle analysis:
Using fractals in this context is a powerful tool that reveals structural similarities between successive time periods, which is clearly visible on the weekly and daily charts. We see a bullish formation supported by an ongoing cyclical structure that matches potential retracement points, supporting the view of a continued uptrend. The price has also bounced off important support levels, which is a great buying opportunity at current prices.
Entry and stop targets:
Recommended entry point: Current prices at 0.00002355
Stop Loss: It is recommended to set a stop loss at 0.00002 to reduce risks.
Price Targets (Take Profit): It is recommended to take profit at the level of 0.000045, which is an important resistance level on the weekly chart and reflects the target points based on technical analysis and recurring fractals.
Recommendation summary:
The overall price trend is bullish in the short and medium term. Mathematical tools, including fractals and time analysis, confirm the continuation of this trend. Accordingly, entering a buy trade at current prices is an ideal option for those seeking to benefit from this market rebound, taking into account the above-mentioned stop loss level to avoid unexpected fluctuations.
This analysis confirms that the uptrend is still strong, which enhances traders' confidence in continuing this uptrend.
