ETH/BTC – 4H – BUYThe pair Ethereum/Bitcoin (ETH/BTC) moves from the ascending trendline down.
A descending movement down to the next support line at 0.033580000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.041140000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 0.03536416 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 0.041140000 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.041500000 |
| Next High | 0.041140000 |
| Current Price | 0.033750000 |
| Next Low | 0.033580000 |
| 2nd Low | |
| 3rd Low |