ETH/BTC – 30M – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 0.039180000 is certain.
Caution: A possible change in the direction of the resistance zone at 0.040040000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 0.0394368 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 0.040040000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.040380000 |
| 2nd High | 0.040340000 |
| Next High | 0.040040000 |
| Current Price | 0.039640000 |
| Next Low | 0.039180000 |
| 2nd Low | 0.037880000 |
| 3rd Low | 0.037010000 |