SHIB/USDT – 1H – SELLThe pair jumps from the ascending trendline down.
A bearish descent down to the next support line at 0.000016830 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000017160 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.648844E-5 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.000017160 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000018360 |
| 2nd High | 0.000017970 |
| Next High | 0.000017160 |
| Current Price | 0.000017030 |
| Next Low | 0.000016830 |
| 2nd Low | 0.000016550 |
| 3rd Low | 0.000015830 |