ETH/BTC – 4H – SELL
The pair jumps from the descending trendline downwards
A continuation of the downtrend down to the next support level at 0.040400000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.043400000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.0404 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.043400000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.045090000 |
2nd High | 0.044040000 |
Next High | 0.043400000 |
Current Price | 0.041070000 |
Next Low | 0.040400000 |
2nd Low | 0.040080000 |
3rd Low |