ETHUSD approaching resistance, potential drop!

29 ส.ค. 2018

ETHUSD is approaching our first resistance at 305 (horizontal overlap resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 283 (horizontal pullback support, 61.8% Fibonacci extension, 50% Fibonacci retracement)
Stochastic (89,5,3) is approaching resistance where we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.