SHIB/USDT – 4H – SELLThe currency pair goes from the ascending trendline downwards
A bearish trend down to the next support level at 0.000015480 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.000021690 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 1.482822E-5 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 0.000021690 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.000021690 |
| Current Price | 0.000017190 |
| Next Low | 0.000015480 |
| 2nd Low | 0.000012960 |
| 3rd Low | 0.000012930 |