SHIB/USDT – 4H – SELLThe pair Shiba Inu/Tether (SHIB/USDT) goes from the descending trendline down.
A continuation of the downtrend downwards to the next support line at 0.000010490 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 0.000012330 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Current target is 1.134E-5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.000012330 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000014700 |
| 2nd High | 0.000013620 |
| Next High | 0.000012330 |
| Current Price | 0.000011010 |
| Next Low | 0.000010490 |
| 2nd Low | 0.000010280 |
| 3rd Low |
0.000012330 – 0.000013620 – 0.000012890 – 0.000011340 – 0.000011510 – 0.000012330