ETH/BTC – 1H – SELLThe pair jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 0.035900000 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 0.037080000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.03621152 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 0.037080000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.037510000 |
| 2nd High | 0.037220000 |
| Next High | 0.037080000 |
| Current Price | 0.036420000 |
| Next Low | 0.035900000 |
| 2nd Low | |
| 3rd Low |