ETH/BTC – 30M – SELLThe currency pair jumps from the bullish trendline down.
A bearish trend down to the next support at 0.040260000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.041260000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.04052 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.041260000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041580000 |
| 2nd High | 0.041310000 |
| Next High | 0.041260000 |
| Current Price | 0.040390000 |
| Next Low | 0.040260000 |
| 2nd Low | 0.038870000 |
| 3rd Low | 0.038390000 |