ETH/BTC – 1H – BUYThe combination breaks through the descending trendline up.
The bullish trend up to the next resistance line at 0.039870000 will continue.
Caution: A possible trend reversal in the direction of the support line at 0.039090000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 0.03954904 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance zone at 0.039870000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041810000 |
| 2nd High | 0.041500000 |
| Next High | 0.039870000 |
| Current Price | 0.039430000 |
| Next Low | 0.039090000 |
| 2nd Low | 0.038810000 |
| 3rd Low | 0.038510000 |