ETH/BTC – 1H – SELLThe currency pair Ethereum/Bitcoin (ETH/BTC) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support line at 0.02925 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.03031 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 0.029575 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.03031 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.03359 |
| 2nd High | 0.0306 |
| Next High | 0.03031 |
| Current Price | 0.030020000 |
| Next Low | 0.02925 |
| 2nd Low | 0.02877 |
| 3rd Low | 0.02855 |
0.03031 – 0.0298 – 0.0306 – 0.02925 – 0.02877 – 0.02885 —
0.029530000 – 0.030200000 —
46.435761201084 – 65.369127300387 —
– —
0.03031 – 1770494400