ETH/BTC – 30M – SELLThe currency pair jumps from the ascending trendline down.
A descending movement down to the next support at 0.040520000 is likely expected.
Caution: A possible change in the direction of resistance at 0.041260000 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.04052 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 0.041260000 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041580000 |
| 2nd High | 0.041310000 |
| Next High | 0.041260000 |
| Current Price | 0.040680000 |
| Next Low | 0.040520000 |
| 2nd Low | 0.040440000 |
| 3rd Low | 0.040260000 |