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Long

ETHUSD approaching support, potential bounce!

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
ETHUSD is approaching our first support at 113.24 (horizontal overlap support, 61.8% fibonacci extension , 23.6% fibonacci retracement ) and a strong bounce might occur above this level pushing price up to our major resistance at 128.27 (horizontal swing high resistance). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
ETH is performing even better than BTC because a strong ETH/BTC uptrend shows
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I expect this
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