SHIB/USDT – 1H – SELLThe combination moves from the bullish trendline downwards
A bearish trend downwards to the next support line at 0.000018960 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 0.000021690 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 1.798E-5 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.000021690 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.000021690 |
| Current Price | 0.000019770 |
| Next Low | 0.000018960 |
| 2nd Low | 0.000014900 |
| 3rd Low | 0.000014270 |