ETHUSD approaching resistance, potential drop!
ETHUSD is approaching our first resistance at 188.59 (horizontal pullback resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 171.49 (horizontal swing low support).
Stochastic (21,5,3) is also approaching resistance and ichimoku cloud is showing signs of bearish pressure 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 (21,5,3) is also approaching resistance and ichimoku cloud is showing signs of bearish pressure 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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