SHIB/USDT – 30M – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 0.000022570 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.000023600 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 2.238224E-5 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support line at 0.000023600 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000027490 |
| 2nd High | 0.000024080 |
| Next High | 0.000023600 |
| Current Price | 0.000022750 |
| Next Low | 0.000022570 |
| 2nd Low | 0.000022020 |
| 3rd Low | 0.000021920 |