ETH/BTC – 4H – SELLThe currency pair moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 0.038510000 will persist.
Caution: A possible counter-trend in the direction of resistance at 0.039870000 should always be considered.
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. Target of the current trend is 0.03841 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 0.039870000 should always be considered.
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 | 0.039870000 |
| Current Price | 0.038780000 |
| Next Low | 0.038510000 |
| 2nd Low | 0.038410000 |
| 3rd Low | 0.038330000 |