ETHUSD Approaching Resistance, Potential Reversal
ETHUSD is approaching our first resistance at 148.79 (100%x2 Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where a strong drop might occur below this level pushing price down to our major support at 134.38 (61.8% Fibonacci extension, horizontal swing low support). Stochastic (34, 5, 3) is approaching our resistance and we might see a corresponding drop in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
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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