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Short

ETHUSD approaching resistance, potential reversal!

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
ETHUSD is approaching our first resistance at 101.3 (61.8% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap resistance) where a potential reversal might occur below this level pushing price down to our major support at 89.50 (61.8% Fibonacci extension , 61.8% Fibonacci retracement ).
Stochastic (34, 5, 3) is approaching our resistance where we might see a potential reversal below this level.

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