SHIB/USDT – 1H – SELLThe pair Shiba Inu/Tether (SHIB/USDT) moves from the descending trendline down.
A continuation of the bearish trend down to the next support line at 0.000025560 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.000033430 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 2.556E-5 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 0.000033430 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.000033430 |
| Current Price | 0.000026020 |
| Next Low | 0.000025560 |
| 2nd Low | 0.000024870 |
| 3rd Low | 0.000023320 |