SHIB/USDT – 1H – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) moves from the descending trendline down.
A continuation of the downtrend down to the next support line at 0.000011630 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.000012330 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000014700 |
| 2nd High | 0.000013620 |
| Next High | 0.000012330 |
| Current Price | 0.000011710 |
| Next Low | 0.000011630 |
| 2nd Low | 0.000011510 |
| 3rd Low | 0.000011410 |
0.000012330 – 0.000012150 – 0.000012240 – 0.000011630 – 0.000011800 – 0.000011880