ETH/BTC – 1H – SELLThe currency pair moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 0.038400000 is expected.
Caution: A possible change in the direction of the resistance zone at 0.039000000 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.0384 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 0.039000000 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.040060000 |
| 2nd High | 0.039130000 |
| Next High | 0.039000000 |
| Current Price | 0.038700000 |
| Next Low | 0.038400000 |
| 2nd Low | 0.038390000 |
| 3rd Low | 0.038330000 |