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Short

ETHUSD approaching resistance, potential drop!

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
ETHUSD             is approaching our first resistance at 222.91 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension , 61.8% Fibonacci retracement ) where a strong drop might occur pushing price down to our major support at 209.17 (horizontal swing low support, 50% Fibonacci retracement , 100% Fibonacci extension ).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
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Totally agree! but think there is a short-term buy opportunity
A falling wedge just got broken, check it out!
+1 Reply
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