SHIB/USDT – 1H – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) moves from the ascending trendline down.
A descent down to the next support level at 0.000022590 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.000026210 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 is considered certain. Target of the current trend is 2.132668E-5 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of support at 0.000026210 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.000030460 |
| Next High | 0.000026210 |
| Current Price | 0.000023810 |
| Next Low | 0.000022590 |
| 2nd Low | 0.000018840 |
| 3rd Low | 0.000018400 |