ETH/BTC – 1H – BUYThe currency pair moves from the descending trendline up.
A bullish trend upwards to the next resistance line at 0.037080000 is expected.
Caution: A possible trend reversal in the direction of the support level at 0.036500000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Current target is 0.03653208 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.037080000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.037510000 |
| 2nd High | 0.037220000 |
| Next High | 0.037080000 |
| Current Price | 0.036710000 |
| Next Low | 0.036500000 |
| 2nd Low | 0.036230000 |
| 3rd Low |