SHIB/USDT – 30M – SELLThe currency pair moves from the bullish trendline down.
The bearish trend down to the next support at 0.000017770 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.000018810 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 1.7875E-5 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 0.000018810 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000019860 |
| 2nd High | 0.000018850 |
| Next High | 0.000018810 |
| Current Price | 0.000018140 |
| Next Low | 0.000017770 |
| 2nd Low | 0.000017110 |
| 3rd Low | 0.000016900 |