ETHUSD approaching resistance, potential drop!

26 ก.ย. 2018

ETHUSD is approaching our first resistance at 220 (horizontal overlap resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension, breakout level) where a strong drop might occur below this level pushing price down to our major support at 188 (horizontal overlap support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement).
Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (89) is also seeing a bearish exit in line with our bearish pressure.
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