ETH/BTC – 30M – SELLThe combination Ethereum/Bitcoin (ETH/BTC) goes from the ascending trendline downwards
A bearish movement down to the next support level at 0.038010000 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.038780000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.03826788 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 0.038780000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041500000 |
| 2nd High | 0.041140000 |
| Next High | 0.038780000 |
| Current Price | 0.038660000 |
| Next Low | 0.038010000 |
| 2nd Low | 0.037200000 |
| 3rd Low | 0.036610000 |