SHIB/USDT – 30M – SELLThe pair Shiba Inu/Tether (SHIB/USDT) moves from the descending trendline down.
A continuation of the downtrend downwards to the next support line at 0.000012090 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.000012460 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.221E-5 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.000012460 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000012730 |
| 2nd High | 0.000012610 |
| Next High | 0.000012460 |
| Current Price | 0.000012330 |
| Next Low | 0.000012090 |
| 2nd Low | 0.000011810 |
| 3rd Low | 0.000011450 |
0.000012460 – 0.000012610 – 0.000012510 – 0.000012090 – 0.000011810 – 0.000011920 — 52.667932298111 – 46.75567127273