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easyMarkets
Mar 26, 2019 2:11 AM

ETHUSD approaching support, potential bounce! Long

Ethereum / DollarBitfinex

Description

ETHUSD is approaching our first support at 133.92 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur to our major resistance at 147.94 (horizontal swing high resistance, 50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
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Comments
TradeIndicators
Watching the potential bounce but I think we have too much momentum going down. We are still in a short :)
CAS_Trading
interesting viewpoint
but think there is still room for correction
check out for my BTC bottoming analyses

UnknownUnicorn4306966
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