ETH/BTC – 30M – SELLThe currency pair jumps from the descending trendline downwards
A continuation of the downtrend down to the next support line at 0.036230000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.037080000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.0365 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.037080000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.037450000 |
| 2nd High | 0.037220000 |
| Next High | 0.037080000 |
| Current Price | 0.036260000 |
| Next Low | 0.036230000 |
| 2nd Low | |
| 3rd Low |