easyMarkets
Short

ETHUSD approaching resistance, potential drop!

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
ETHUSD is approaching our first resistance at 148.01 (horizontal swing high resistance, 50% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur to our major support at 139.46 (horizontal pullback support, 38.2% Fibonacci retracement ).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
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We're up 2.38% on this long and looking for a possible stop loss hit soon to take us to a short which would put us below your support. Curious to see how far we end up going down once we break support. Thanks for the update!
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