SHIB/USDT – 30M – SELLThe currency pair jumps from the ascending trendline down.
A bearish descent down to the next support at 0.000016110 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000017100 could occur.
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 expected. Target of the current trend is 1.55E-5 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.000017100 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000019860 |
| 2nd High | 0.000018650 |
| Next High | 0.000017100 |
| Current Price | 0.000016230 |
| Next Low | 0.000016110 |
| 2nd Low | 0.000015500 |
| 3rd Low | 0.000014900 |