SHIB/USDT – 1H – SELLThe pair moves from the bearish trendline downwards
A continuation of the downtrend down to the next support at 0.000016810 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.000017940 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 1.716E-5 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 0.000017940 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000019190 |
| 2nd High | 0.000018190 |
| Next High | 0.000017940 |
| Current Price | 0.000016960 |
| Next Low | 0.000016810 |
| 2nd Low | 0.000016550 |
| 3rd Low | 0.000015830 |