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.
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Losses can exceed the initial investment so please ensure you fully understand the risks.

would you please update
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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