ETH/BTC – 4H – SELLThe pair jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support level at 0.038330000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.041500000 is within the realm of possibility.
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 will persist. Current target is 0.03833 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.041500000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.043400000 |
| 2nd High | 0.041810000 |
| Next High | 0.041500000 |
| Current Price | 0.039160000 |
| Next Low | 0.038330000 |
| 2nd Low | |
| 3rd Low |