Tickmill
Panjang

Ethereum reached our target previously, now dropping to major su

BITFINEX:ETHUSD   Ethereum / Dolar
Ethereum             bounced above our major support level and reached our major resistance level perfectly. Now it is dropping strongly and our next major level of support is at 710 onwards to 692 ( Fibonacci retracement , Multiple Fibonacci extensions, horizontal swing low support) where a possible bounce could occur once again to push price up towards major resistance at 792 ( Fibonacci retracement , horizontal swing high resistance). Our next major level of support is at 653 (below swing low support, Fibonacci retracement ).

Stochastic (34,5,3) is seeing strong support above 6.7% where a corresponding bounce could occur.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Guys, get more real-time updates on our trading ideas here : https://t.me/tickmillroom

This analysis is provided as general market commentary and does not constitute investment advice.
genius
Balas
nailed it.. good work
Balas
So can I buy at 650? Please advice!
Balas
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