SHIB/USDT – 1H – SELLThe currency pair goes from the descending trendline downwards
A continuation of the downward movement downwards to the next support line at 0.000015500 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.000018650 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 1.55E-5 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 0.000018650 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000021690 |
| 2nd High | 0.000020390 |
| Next High | 0.000018650 |
| Current Price | 0.000016640 |
| Next Low | 0.000015500 |
| 2nd Low | 0.000014900 |
| 3rd Low | 0.000014270 |