ETH/BTC – 4H – SELLThe currency pair goes from the descending trendline downwards
A continuation of the downward movement down to the next support at 0.038330000 is considered certain.
Caution: A possible change in the direction of the resistance level at 0.043400000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
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 0.03967756 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 0.043400000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.045090000 |
| 2nd High | 0.044040000 |
| Next High | 0.043400000 |
| Current Price | 0.040910000 |
| Next Low | 0.038330000 |
| 2nd Low | |
| 3rd Low |