ETH/BTC – 1H – SELLThe combination jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support at 0.038530000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.039060000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.03853 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 0.039060000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041500000 |
| 2nd High | 0.040060000 |
| Next High | 0.039060000 |
| Current Price | 0.038670000 |
| Next Low | 0.038530000 |
| 2nd Low | 0.038510000 |
| 3rd Low | 0.038410000 |