SHIB/USDT – 1H – SELLThe pair Shiba Inu/Tether (SHIB/USDT) moves from the bullish trendline down.
A bearish trend downwards to the next support level at is certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.000011970 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.143184E-5 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.000011970 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000012150 |
| 2nd High | 0.000012000 |
| Next High | 0.000011970 |
| Current Price | 0.000011580 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.000011970 – 0.000011590 – 0.000012000 – 0.000011340 – 0.000011210 – 0.000011720
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – – Head and Shoulder chart pattern