ETH/BTC – 1H – SELLThe currency pair jumps from the ascending trendline downwards
The bearish trend down to the next support line at 0.040260000 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 0.041260000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 0.04026 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support line at 0.041260000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041810000 |
| 2nd High | 0.041310000 |
| Next High | 0.041260000 |
| Current Price | 0.040390000 |
| Next Low | 0.040260000 |
| 2nd Low | 0.038390000 |
| 3rd Low | 0.038330000 |