ETH/BTC – 30M – SELLThe combination Ethereum/Bitcoin (ETH/BTC) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support level at 0.024930000 is considered certain.
Caution: A possible change in the direction of resistance at 0.025500000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.02484252 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 0.025500000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.025770000 |
| 2nd High | 0.025620000 |
| Next High | 0.025500000 |
| Current Price | 0.025090000 |
| Next Low | 0.024930000 |
| 2nd Low | 0.024590000 |
| 3rd Low | 0.023900000 |
0.025500000 – 0.025620000 – 0.025770000 – 0.024930000 – 0.025170000 – 0.025220000