The currency pair Shiba Inu/Tether (SHIB/USDT) jumps from the ascending trendline downwards
A bearish descent downwards to the next support at 0.000024660 will continue.
Caution: A possible counter-trend in the direction of resistance at 0.000026160 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 2.509E-5 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 0.000026160 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.000026780 |
2nd High | 0.000026210 |
Next High | 0.000026160 |
Current Price | 0.000024760 |
Next Low | 0.000024660 |
2nd Low | 0.000024460 |
3rd Low | 0.000024020 |