ETHUSD approaching resistance, potential drop!
ETHUSD is approaching our first resistance at 143.83 (horizontal swing low support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur to our major resistance at support at 138.12 (horizontal pullback support, 50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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