EthereumShort
ETHUSD approaching resistance, potential drop!
ETHUSD is approaching our first resistance at 222.91 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 209.17 (horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (89,5,3) 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 (89,5,3) 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.
Come join us today at : easymarkets.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.