ETH/BTC – 4H – SELLThe currency pair moves from the bullish trendline down.
A descent downwards to the next support level at will persist.
Caution: A possible trend reversal in the direction of the resistance line at 0.037790000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.0359 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 0.037790000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.040060000 |
| 2nd High | 0.039870000 |
| Next High | 0.037790000 |
| Current Price | 0.035740000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |