ETH/USDT – 30M – SELLThe currency pair jumps from the bullish trendline down.
A bearish descent down to the next support at 2401.180000000 is expected.
Caution: A possible trend reversal in the direction of resistance at 2466.660000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 2429.45752 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 2466.660000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2659.000000000 |
| 2nd High | 2521.000000000 |
| Next High | 2466.660000000 |
| Current Price | 2434.130000000 |
| Next Low | 2401.180000000 |
| 2nd Low | 2390.050000000 |
| 3rd Low | 2352.600000000 |