SHIB/USDT – 30M – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) jumps from the ascending trendline downwards
A bearish movement downwards to the next support line at 0.000021180 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.000022840 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 2.088E-5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 0.000022840 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000027960 |
| 2nd High | 0.000027490 |
| Next High | 0.000022840 |
| Current Price | 0.000022150 |
| Next Low | 0.000021180 |
| 2nd Low | 0.000020950 |
| 3rd Low | 0.000020880 |