ETHUSD approaching support, potential bounce!

2 באוק׳ 2018

ETHUSD is approaching our first support at 222 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 239 (horizontal swing high resistance, 61.8% Fibonacci extension).
Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
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