Sell ETH/BTC – 1H – SELL

The currency pair jumps from the descending trendline down.

A continuation of the bearish trend down to the next support line at is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.039870000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.0375 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 0.039870000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Support & Resistance Price Range*
3rd High 0.041500000
2nd High 0.040060000
Next High 0.039870000
Current Price 0.037260000
Next Low
2nd Low
3rd Low

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