easyMarkets

ETHUSD approaching support, potential bounce!

Long
BITFINEX:ETHUSD   Ethereum

ETHUSD is approaching our first support at 142.21 (horizontal overlap support, 38.2% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 148.74 (horizontal swing high resistance).
Stochastic (89,5,3) is also approaching support.
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