ETH/USDT – 30M – SELLThe currency pair moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 2277.340000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 2659.000000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 2575 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 2659.000000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2683.700000000 |
| 2nd High | 2673.410000000 |
| Next High | 2659.000000000 |
| Current Price | 2517.830000000 |
| Next Low | 2277.340000000 |
| 2nd Low | 2263.290000000 |
| 3rd Low | 2252.390000000 |