ETH/BTC – 30M – BUYThe pair Ethereum/Bitcoin (ETH/BTC) moves from the ascending trendline downwards
A bearish descent down to the next support level at 0.038720000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.039360000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 0.03936 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 0.039360000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.040030000 |
| 2nd High | 0.039500000 |
| Next High | 0.039360000 |
| Current Price | 0.038950000 |
| Next Low | 0.038720000 |
| 2nd Low | 0.037580000 |
| 3rd Low | 0.037000000 |