ETH/BTC – 1H – BUYThe currency pair breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance level at 0.039410000 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 0.038510000 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Target of the current trend is 0.03943 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 0.039410000 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041500000 |
| 2nd High | 0.039430000 |
| Next High | 0.039410000 |
| Current Price | 0.039290000 |
| Next Low | 0.038510000 |
| 2nd Low | 0.038410000 |
| 3rd Low | 0.038390000 |