SHIB/USDT – 30M – SELLThe currency pair goes from the bullish trendline down.
The bearish trend down to the next support at 0.000013050 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.000013400 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.3285E-5 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 0.000013400 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000013870 |
| 2nd High | 0.000013570 |
| Next High | 0.000013400 |
| Current Price | 0.000013380 |
| Next Low | 0.000013050 |
| 2nd Low | 0.000013000 |
| 3rd Low | 0.000012930 |