ETH/USDT – 30M – SELLThe currency pair jumps from the bullish trendline down.
A bearish trend down to the next support line at 2443.390000000 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 2654.000000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 2545.2 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 2654.000000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2673.410000000 |
| 2nd High | 2659.000000000 |
| Next High | 2654.000000000 |
| Current Price | 2594.990000000 |
| Next Low | 2443.390000000 |
| 2nd Low | 2436.400000000 |
| 3rd Low | 2434.220000000 |