easyMarkets
Long

ETHUSD approaching support, potential bounce!

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
ETHUSD is approaching our first support at 128.22 (horizontal pullback support, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong bounce might occur below this level pushing price up to our major resistance at 147.92 (50% fibonacci retracement , horizontal pullback resistance).
Stochastic (89,5,3) is also approaching support where we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

would you please update
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We have an alert set up for the minor support level and just got a trendline break to the downside. Looks like your 1st support might be hit soon. Great TA!
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