SHIB/USDT – 4H – SELLThe currency pair moves from the bullish trendline down.
A descent downwards to the next support line at 0.000016190 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 0.000019900 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 1.7865E-5 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 0.000019900 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.000021690 |
| Next High | 0.000019900 |
| Current Price | 0.000018610 |
| Next Low | 0.000016190 |
| 2nd Low | 0.000015830 |
| 3rd Low | 0.000015480 |