SHIB/USDT – 30M – SELLThe currency pair moves from the ascending trendline downwards
The bearish trend downwards to the next support at 0.000016810 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.000017940 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 1.716E-5 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 0.000017940 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000019190 |
| 2nd High | 0.000018190 |
| Next High | 0.000017940 |
| Current Price | 0.000016850 |
| Next Low | 0.000016810 |
| 2nd Low | 0.000016550 |
| 3rd Low | 0.000015830 |