SHIB/USDT – 4H – SELLThe currency pair goes from the descending trendline down.
A continuation of the downtrend downwards to the next support at 0.000016190 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.000019830 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 1.783E-5 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.000019830 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.000021690 |
| Next High | 0.000019830 |
| Current Price | 0.000018590 |
| Next Low | 0.000016190 |
| 2nd Low | 0.000015830 |
| 3rd Low | 0.000015480 |