ETH/BTC – 1H – SELLThe currency pair goes from the ascending trendline downwards
A bearish descent down to the next support at 0.038810000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 0.040060000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.0390775 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 0.040060000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041810000 |
| 2nd High | 0.041500000 |
| Next High | 0.040060000 |
| Current Price | 0.038980000 |
| Next Low | 0.038810000 |
| 2nd Low | 0.038510000 |
| 3rd Low | 0.038410000 |