SHIB/USDT – 1H – SELLThe currency pair goes from the bullish trendline downwards
A bearish descent downwards to the next support level at 0.000016830 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 0.000017380 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 1.642708E-5 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.000017380 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000018360 |
| 2nd High | 0.000017970 |
| Next High | 0.000017380 |
| Current Price | 0.000017000 |
| Next Low | 0.000016830 |
| 2nd Low | 0.000016550 |
| 3rd Low | 0.000015830 |