SHIB/USDT – 1H – SELLThe currency pair Shiba Inu/Tether (SHIB/USDT) goes from the descending trendline downwards
A continuation of the downward movement down to the next support line at 0.000011340 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.000011790 is also possible.
Consider stop-loss settings accordingly.
In addition a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.134E-5 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 0.000011790 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000013620 |
| 2nd High | 0.000012330 |
| Next High | 0.000011790 |
| Current Price | 0.000011510 |
| Next Low | 0.000011340 |
| 2nd Low | 0.000010490 |
| 3rd Low | 0.000010280 |
0.000011790 – 0.000012330 – 0.000012150 – 0.000011340 – 0.000011630 – 0.000011800