ETH/BTC – 30M – SELLThe currency pair moves from the ascending trendline downwards
A bearish trend downwards to the next support line at 0.038560000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.039700000 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 0.03874602 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 0.039700000 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.040050000 |
| 2nd High | 0.039870000 |
| Next High | 0.039700000 |
| Current Price | 0.039010000 |
| Next Low | 0.038560000 |
| 2nd Low | 0.038440000 |
| 3rd Low | 0.038400000 |