ETHUSD approaching support, potential bounce!
ETHUSD is approaching our first support at 208.27 (horizontal overlap support, 61.8% fibonacci extension, 38.2% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our majo resistance at 222.91 (horizontal swing high resistance, 61.8% fibonacci retracement, 61.8% fibonacci extension).
Stochastic (21,5,3) is also approaching support where we might see a corresponding rise in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (21,5,3) is also approaching support where we might see a corresponding rise in price should it bounce off this level.
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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