ETH/BTC – 4H – SELLThe currency pair goes from the descending trendline downwards
A continuation of the downtrend down to the next support line at 0.038440000 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 0.040060000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 0.03879176 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 0.040060000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041810000 |
| 2nd High | 0.041500000 |
| Next High | 0.040060000 |
| Current Price | 0.038940000 |
| Next Low | 0.038440000 |
| 2nd Low | 0.038400000 |
| 3rd Low | 0.038330000 |