ETHUSD approaching resistance, potential drop!
ETHUSD is approaching our first resistance at 118.61 (horizontal swing high resistance, 23.6%, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 102.95 (horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where 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.
Stochastic (34,5,3) is also approaching resistance where 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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