ETH/BTC – 1H – BUYThe pair Ethereum/Bitcoin (ETH/BTC) jumps from the bullish trendline up.
A continuation of the upward movement up to the next resistance at 0.040130000 is certain.
Caution: A possible counter-trend in the direction of the support level at 0.037200000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 0.03897596 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 0.040130000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.041500000 |
| 2nd High | 0.041140000 |
| Next High | 0.040130000 |
| Current Price | 0.038180000 |
| Next Low | 0.037200000 |
| 2nd Low | 0.036610000 |
| 3rd Low | 0.035240000 |