ETH/BTC – 30M – SELLThe currency pair moves from the bullish trendline down.
A descent downwards to the next support level at 0.039030000 will continue.
Caution: A possible counter-trend in the direction of resistance at 0.040050000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.039545 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.040050000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.040470000 |
| 2nd High | 0.040060000 |
| Next High | 0.040050000 |
| Current Price | 0.039670000 |
| Next Low | 0.039030000 |
| 2nd Low | 0.038880000 |
| 3rd Low | 0.038840000 |