SHIB/USDT – 30M – BUYThe pair Shiba Inu/Tether (SHIB/USDT) jumps from the bullish trendline down.
The bearish trend downwards to the next support at 0.000024250 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.000028130 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 2.69264E-5 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.000028130 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.000030460 |
| Next High | 0.000028130 |
| Current Price | 0.000025910 |
| Next Low | 0.000024250 |
| 2nd Low | 0.000023030 |
| 3rd Low | 0.000022590 |