ETH/BTC – 1H – SELLThe currency pair goes from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 0.040440000 will continue.
Caution: A possible change in the direction of the resistance zone at 0.041810000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.04007 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 0.041810000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.043400000 |
| 2nd High | 0.042740000 |
| Next High | 0.041810000 |
| Current Price | 0.040900000 |
| Next Low | 0.040440000 |
| 2nd Low | 0.040260000 |
| 3rd Low | 0.038390000 |