SHIB/USDT – 1H – SELLThe pair Shiba Inu/Tether (SHIB/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 0.000023030 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.000025470 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 2.4595E-5 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.000025470 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000026210 |
| 2nd High | 0.000026160 |
| Next High | 0.000025470 |
| Current Price | 0.000024450 |
| Next Low | 0.000023030 |
| 2nd Low | 0.000022590 |
| 3rd Low | 0.000018840 |