ETH/USDT – 4H – SELLThe currency pair moves from the bullish trendline downwards
The bearish trend down to the next support at 2252.390000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 2728.600000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 2439.575 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 2728.600000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 2820.000000000 |
| Next High | 2728.600000000 |
| Current Price | 2509.780000000 |
| Next Low | 2252.390000000 |
| 2nd Low | 2150.550000000 |
| 3rd Low | 2111.000000000 |