A trendline breakout occurred at $1830 and pull back in play. Therefore I expect price to short to $1500
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A breakout from the supply zone has occurred. Resistance has turned support. Time to go long to $2000.
Watch out🔥
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ETHUSD is approaching our first resistance at 169.13 (horizontal overlap resistance, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 255.45 (23.6% Fibonacci retracement, horizontal overlap resistance).
RSI is also bouncing off support supporting our bullish pressure.
Trading CFDs on margin...
ETHUSD is approaching our first resistance at 142.96 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur to our major support at 132.09 (horizontal swing low support, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in...
ETHUSD is approaching our first support at 137.61 (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur below this level pushing price up to our major resistance at 152.14 (100% fibonacci extension, 61.8% fibonacci retracement).
Ichimoku cloud is also showing signs of bullish pressure.
Trading CFDs...
ETHUSD is approaching our first support at 116.04 (horizontal swing low support, 100% Fibonacci extension, 50% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 125.04 (76.4% Fibonacci retracement, 100% Fiboancci extension).
Stochastic (21,5,3) is also approaching support where we might see a...
