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Short

ETHUSD reversed off resistance, potential for further drop!

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
ETHUSD reversed off our first resistance at 166.02 (61.8% Fibonacci extension , 50% Fibonacci retracement , Horizontal overlap resistance) where a further drop might occur pushing price down to our major support at 142.85 (61.8% Fibonacci extension , 38.2% Fibonacci retracement , horizontal pullback support).

Stochastic (89, 5, 3) reversed off resistance at 92%, where we might see a further drop in price.

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