ETH/BTC – 1H – BUYThe combination jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 0.038440000 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.039870000 could be enabled.
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. Target of the current trend is 0.039135 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.039870000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041500000 |
| 2nd High | 0.040060000 |
| Next High | 0.039870000 |
| Current Price | 0.038880000 |
| Next Low | 0.038440000 |
| 2nd Low | 0.038400000 |
| 3rd Low | 0.038390000 |