ETH/BTC – 1H – SELLThe pair moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 0.040300000 is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.041190000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.04078 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 0.041190000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041310000 |
| 2nd High | 0.041260000 |
| Next High | 0.041190000 |
| Current Price | 0.040840000 |
| Next Low | 0.040300000 |
| 2nd Low | 0.040250000 |
| 3rd Low | 0.038390000 |