ETH/BTC – 4H – SELLThe pair jumps from the bullish trendline down.
A bearish trend down to the next support level at 0.038400000 will continue.
Caution: A possible change in the direction of the resistance zone at 0.040060000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.03923 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.040060000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041810000 |
| 2nd High | 0.041500000 |
| Next High | 0.040060000 |
| Current Price | 0.039510000 |
| Next Low | 0.038400000 |
| 2nd Low | 0.038330000 |
| 3rd Low |