ETH/BTC – 1H – BUYThe currency pair breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance line at 0.042740000 will persist.
Caution: A possible trend reversal in the direction of the support level at 0.040260000 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Current target is 0.0415 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.042740000 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.043820000 |
| 2nd High | 0.043400000 |
| Next High | 0.042740000 |
| Current Price | 0.041690000 |
| Next Low | 0.040260000 |
| 2nd Low | 0.038390000 |
| 3rd Low | 0.038330000 |