ETH/BTC – 4H – SELLThe currency pair jumps from the bullish trendline down.
A bearish descent down to the next support at 0.040320000 is expected.
Caution: A possible change in the direction of resistance at 0.041810000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.03952652 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 0.041810000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.044040000 |
| 2nd High | 0.043400000 |
| Next High | 0.041810000 |
| Current Price | 0.040620000 |
| Next Low | 0.040320000 |
| 2nd Low | 0.038330000 |
| 3rd Low |