ETH/BTC – 1H – SELLThe pair Ethereum/Bitcoin (ETH/BTC) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at 0.038210000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.039390000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 0.03869852 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.039390000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.040280000 |
| 2nd High | 0.039720000 |
| Next High | 0.039390000 |
| Current Price | 0.038890000 |
| Next Low | 0.038210000 |
| 2nd Low | 0.038000000 |
| 3rd Low | 0.037670000 |
0.039390000 – 0.039720000 – 0.038910000 – 0.038210000 – 0.038400000 – 0.038930000 — 51.471614402133 – 40.906152925258
Trading Signals: CRYPTO – ETH – ETH/BTC – BTC – – Double top chart pattern – –