SHIB/USDT – 30M – SELLThe pair moves from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 0.000015500 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.000017080 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.55E-5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 0.000017080 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000019860 |
| 2nd High | 0.000018650 |
| Next High | 0.000017080 |
| Current Price | 0.000016270 |
| Next Low | 0.000015500 |
| 2nd Low | 0.000014900 |
| 3rd Low | 0.000014720 |