SHIB/USDT – 1H – BUYThe pair moves from the bullish trendline down.
A descending movement downwards to the next support at 0.000016050 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.000018020 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.821936E-5 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.000018020 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000018810 |
| 2nd High | 0.000018660 |
| Next High | 0.000018020 |
| Current Price | 0.000017820 |
| Next Low | 0.000016050 |
| 2nd Low | 0.000015480 |
| 3rd Low | 0.000014900 |