SHIB/USDT – 1H – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) moves from the ascending trendline down.
A descending movement downwards to the next support at 0.000012330 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000013380 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 1.302836E-5 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 0.000013380 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000014700 |
| 2nd High | 0.000013440 |
| Next High | 0.000013380 |
| Current Price | 0.000013170 |
| Next Low | 0.000012330 |
| 2nd Low | 0.000011890 |
| 3rd Low | 0.000011410 |
0.000013380 – 0.000013220 – 0.000012770 – 0.000012330 – 0.000012410 – 0.000012370