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easyMarkets
Aug 23, 2018 1:36 AM

ETHUSD approaching support, potential bounce!  Long

Ethereum / DollarBitfinex

Description

ETHUSD is approaching our first support at 268 (horizontal overlap support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 303 (horizontal overlap resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement).
Stochastic (89,5,3) is also seeing a bullish divergence and is approaching support where a bounce off this level might see a corresponding rise in price.
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Comments
vickydaswani


have a look at this strategy and tell me what do you think, its insane
devUmarov

Nice analysis! If you guys use rsi divergences in your trading, this tg channel might help you.
t.me/relative_strength_index
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