ETH/BTC – 1H – SELLThe pair moves from the bullish trendline downwards
A bearish descent downwards to the next support at 0.040300000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.041500000 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 0.0405175 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.041500000 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.042740000 |
| 2nd High | 0.041810000 |
| Next High | 0.041500000 |
| Current Price | 0.040310000 |
| Next Low | 0.040300000 |
| 2nd Low | 0.040250000 |
| 3rd Low | 0.038390000 |