ETH/BTC – 4H – BUYThe pair breaks through the bearish trendline up.
A bullish trend upwards to the next resistance line at 0.040060000 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at 0.038810000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 0.039235 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 0.040060000 could happen.
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 | 0.039020000 |
| Next Low | 0.038810000 |
| 2nd Low | 0.038510000 |
| 3rd Low | 0.038410000 |