Tickmill
Short

Ethereum approaching major resistance, watch for reversal!

COINBASE:ETHUSD   Ethereum / U.S. Dollar
Ethereum is approaching major resistance at 1144 ( Fibonacci retracement , horizontal overlap resistance, pullback resistance) and a strong reaction could occur at this level to drive price down to 927 support ( Fibonacci retracement , horizontal swing low support). Do be aware that we’re seeing intermediate support at 1015.

Stochastic (34,5,3) is seeing major resistance at 98% where a corresponding reaction could occur.

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Losses can exceed the initial investment so please ensure you fully understand the risks.

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This analysis is provided as general market commentary and does not constitute investment advice.
damn, nice call
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