ETHUSD approaching resistance, potential reversal!
ETHUSD is approaching our first resistance at 101.8 (61.8% Fibonacci extension , 38.2% Fibonacci retracement, horizontal overlap resistance) where a strong reversal might occur below this level pushing price to our major support at 87.55 (100% fibonacci extension , 76.4% Fibonacci retracement , horizontal swing low support).
Stochastic (21,5,3) is also approaching resistance and we might see a corresponding reversal in price.
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 resistance and we might see a corresponding reversal 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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