SHIB/USDT – 1H – SELLThe currency pair moves from the ascending trendline down.
A descent down to the next support at 0.000017530 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 0.000019150 could occur.
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 considered certain. Current target is 1.76E-5 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.000019150 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000021690 |
| 2nd High | 0.000020390 |
| Next High | 0.000019150 |
| Current Price | 0.000018150 |
| Next Low | 0.000017530 |
| 2nd Low | 0.000017080 |
| 3rd Low | 0.000016050 |