ETH/BTC – 30M – BUYThe currency pair goes from the bullish trendline downwards
The bearish trend down to the next support at 0.040250000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.040820000 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 0.04072 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.040820000 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041260000 |
| 2nd High | 0.041190000 |
| Next High | 0.040820000 |
| Current Price | 0.040590000 |
| Next Low | 0.040250000 |
| 2nd Low | 0.038870000 |
| 3rd Low | 0.038390000 |