ETH/BTC – 30M – SELLThe currency pair jumps from the ascending trendline down.
A bearish descent down to the next support level at 0.036740000 will continue.
Caution: A possible counter-trend in the direction of resistance at 0.036980000 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.03651792 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 0.036980000 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.037450000 |
| 2nd High | 0.037220000 |
| Next High | 0.036980000 |
| Current Price | 0.036780000 |
| Next Low | 0.036740000 |
| 2nd Low | 0.036680000 |
| 3rd Low | 0.036590000 |