ETH/BTC – 1H – SELLThe combination jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 0.039090000 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.039360000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.03880104 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 0.039360000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041500000 |
| 2nd High | 0.039870000 |
| Next High | 0.039360000 |
| Current Price | 0.039100000 |
| Next Low | 0.039090000 |
| 2nd Low | 0.038810000 |
| 3rd Low | 0.038510000 |