SHIB/USDT – 4H – SELLThe currency pair jumps from the bullish trendline down.
A descending movement down to the next support level at 0.000017590 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.000019550 could happen.
In the case of a trade, always set appropriate stop-loss settings.
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 1.694556E-5 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 0.000019550 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.000021690 |
| Next High | 0.000019550 |
| Current Price | 0.000018320 |
| Next Low | 0.000017590 |
| 2nd Low | 0.000017080 |
| 3rd Low | 0.000016050 |