ETH/USDT – 1H – SELLThe currency pair jumps from the bullish trendline down.
A bearish movement down to the next support level at 2277.340000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 2393.630000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 2302.52348 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 2393.630000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2464.820000000 |
| 2nd High | 2430.320000000 |
| Next High | 2393.630000000 |
| Current Price | 2315.190000000 |
| Next Low | 2277.340000000 |
| 2nd Low | 2263.290000000 |
| 3rd Low | 2252.390000000 |