ETHUSD approaching support, potential bounce!
ETHUSD is approaching our first support at 128.22 (horizontal pullback support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur below this level pushing price up to our major resistance at 147.92 (50% fibonacci retracement, horizontal pullback resistance).
Stochastic (89,5,3) is also approaching support where we 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.
Stochastic (89,5,3) is also approaching support where we 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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