easyMarkets

ETHUSD approaching resistance, potential drop!

Short
BITFINEX:ETHUSD   Ethereum / U.S. Dollar
ETHUSD is approaching our first resistance at 118.61 (horizontal overlap resistance, 50%, 23.6% fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 102.95 (horizontal overlap support, 61.8% fibonacci extension , 76.4% Fibonacci retracement ).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Come join us today at : https://www.easymarkets.com/
Come join us today at : https://www.easymarkets.com/