ETHUSD reversed off resistance, potential for further drop!
ETHUSD reversed off our first resistance (horizontal overlap resistance, 61.8% Fibonacci extension) where a strong drop might occur to our major support (100% Fibonacci extension, horizontal swing low support). Stochastic is approaching resistance as well.
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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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