SHIB/USDT – 1H – BUYThe currency pair moves from the bullish trendline downwards
A descent downwards to the next support level at 0.000017160 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000019190 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.832E-5 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000019190 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000020390 |
| 2nd High | 0.000019830 |
| Next High | 0.000019190 |
| Current Price | 0.000017550 |
| Next Low | 0.000017160 |
| 2nd Low | 0.000016810 |
| 3rd Low | 0.000016550 |