ETH/BTC – 4H – SELLThe currency pair goes from the bullish trendline downwards
A bearish trend downwards to the next support level at 0.038330000 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 0.041810000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.03952652 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 0.041810000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.044040000 |
| 2nd High | 0.043400000 |
| Next High | 0.041810000 |
| Current Price | 0.040340000 |
| Next Low | 0.038330000 |
| 2nd Low | |
| 3rd Low |