ETH/BTC – 1H – SELLThe pair moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 0.035900000 is considered certain.
Caution: A possible counter-trend 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 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 0.03656 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend 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 | 0.037510000 |
| 2nd High | 0.037220000 |
| Next High | 0.037080000 |
| Current Price | 0.036810000 |
| Next Low | 0.035900000 |
| 2nd Low | |
| 3rd Low |