SHIB/USDT – 1H – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support at 0.000024180 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.000027960 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 2.655E-5 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 0.000027960 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000028840 |
| 2nd High | 0.000028330 |
| Next High | 0.000027960 |
| Current Price | 0.000026500 |
| Next Low | 0.000024180 |
| 2nd Low | 0.000023320 |
| 3rd Low | 0.000023030 |