ETHUSD approaching support, potential bounce!
ETHUSD is approaching our first support at 203(horizontal swing low support, 61.8% fibonacci extension, 61.8% fibonacci retracment, short term ascending support line) where a strong bounce could occur pushing price up to our resistance at 221 (horizontal swing high resistance, 61.8% fibonacci extension, 78.6% fibonacci retrcement).
RSI (55) is seeing a bullish exit and we might see a corresonding rise in price. Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (55) is seeing a bullish exit and we might see a corresonding rise in price. Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias.
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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