SHIB/USDT – 1H – BUYThe combination Shiba Inu/Tether (SHIB/USDT) breaks through the descending trendline upwards
An ascent up to the next resistance line at 0.000028130 will continue.
Caution: A possible counter-trend in the direction of the support line at 0.000024250 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 2.69264E-5 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance level at 0.000028130 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.000030460 |
| Next High | 0.000028130 |
| Current Price | 0.000026090 |
| Next Low | 0.000024250 |
| 2nd Low | 0.000023030 |
| 3rd Low | 0.000022590 |