ETHUSD approaching support, watch for breakout!
ETHUSD is approaching our support at 284 (horizontal overlap support, 61.8% Fibonacci extension, short term ascending support line) and a breakout might occur below this level pushing price down to our major support at 277 (horizontal swing low support, 100%, 61.8% Fibonacci extension, , 61.8% Fibonacci extension).
RSI (89) is seeing a bearish exit and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (89) is seeing a bearish exit and we might see a corresponding drop 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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