ETH/USDT – 1H – BUYThe combination moves from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 2357.590000000 will continue.
Caution: A possible change in the direction of the resistance zone at 2586.800000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 2644.25206 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance zone at 2586.800000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2769.480000000 |
| 2nd High | 2722.300000000 |
| Next High | 2586.800000000 |
| Current Price | 2579.310000000 |
| Next Low | 2357.590000000 |
| 2nd Low | 2330.660000000 |
| 3rd Low | 2310.000000000 |