ETHUSD approaching support, potential bounce!

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
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.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

Watching the potential bounce but I think we have too much momentum going down. We are still in a short :)
interesting viewpoint
but think there is still room for correction
check out for my BTC bottoming analyses

Sharks are homing in on Ethereum, here is why...
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