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ETHUSD approaching support, potential bounce!
ETHUSD is approaching our support at 283 (horizontal pullback support, 100% Fibonacci extension, 38.2% Fibonacci retracement, short term ascending support line) and a strong bounce might occur above this level pushing price up to our major resistance at 306 (horizontal overlap resistance, 100% Fibonacci extension, Elliot wave structure, 76.4% Fibonacci retracement).
RSI (21) is approaching support where a bounce above this level might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (21) is approaching support where a bounce above this level might see a corresponding rise 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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