SHIB/USDT – 30M – SELLThe pair jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 0.000015600 will continue.
Caution: A possible trend reversal in the direction of resistance at 0.000016760 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.55E-5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 0.000016760 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000018650 |
| 2nd High | 0.000017100 |
| Next High | 0.000016760 |
| Current Price | 0.000015660 |
| Next Low | 0.000015600 |
| 2nd Low | 0.000015500 |
| 3rd Low | 0.000014900 |