ETHUSD approaching support, potential bounce!
ETHUSD is approaching our first support at 106 (100% Fibonacci extension x2, 78.6% Fibonacci retracement, horizontal swing low support) where a strong bounce might occur above this level pushing price to our major resistance at 122 (61.8% fibonacci extension , 78.6% Fibonacci retracement ). Stochastic (55,5,3) is approaching our support and 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.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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