ETHUSD potential for a drop! | 29th Mar 2022On the H4, with price expected to reverse off the stochastics level, we have a bias that price will drop from our entry at 3407 in line with the horizontal swing high resistance, 100% Fibonacci projection and 161.8% Fibonacci extension to our take profit at 3194 in line with the pullback support and 23.6% Fibonacci retracement. Alternatively, price may break our entry structure and head for stop loss at 3584 in line with the horizontal pullback resistance and 127.2% Fibonacci extension and -27.2% Fibonacci expansion.
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