SHIB/USDT – 1H – SELLThe currency pair jumps from the ascending trendline downwards
A descent downwards to the next support level at 0.000014900 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 0.000020390 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.585788E-5 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 0.000020390 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.000021690 |
| Next High | 0.000020390 |
| Current Price | 0.000017570 |
| Next Low | 0.000014900 |
| 2nd Low | 0.000014270 |
| 3rd Low | 0.000014150 |