ETH/BTC – 1H – SELLThe currency pair moves from the descending trendline down.
A continuation of the downtrend down to the next support line at 0.040320000 is considered certain.
Caution: A possible change in the direction of resistance at 0.040820000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.04032 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.040820000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041260000 |
| 2nd High | 0.041190000 |
| Next High | 0.040820000 |
| Current Price | 0.040330000 |
| Next Low | 0.040320000 |
| 2nd Low | 0.040260000 |
| 3rd Low | 0.038390000 |