SHIB/USDT – 1H – SELLThe currency pair goes from the bullish trendline downwards
The bearish trend downwards to the next support level at 0.000016900 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 0.000018660 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 continue. Target of the current trend is 1.7165E-5 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.000018660 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000018850 |
| 2nd High | 0.000018810 |
| Next High | 0.000018660 |
| Current Price | 0.000017430 |
| Next Low | 0.000016900 |
| 2nd Low | 0.000015480 |
| 3rd Low | 0.000014900 |