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Ethereum
Short

Ethereum on major resistance, potential reversal!

By Tickmill
Broker

Ethereum is now testing major resistance at 864 (Bearish price action, horizontal swing high resistance, Fibonacci extension) and a strong reaction could occur at this level which could push price down to at least 766 support (Fibonacci retracement, horizontal pullback support). Our next major level of resistance is at 905 (above strong bearish price action, Fibonacci extension).

Stochastic (34,5,3) is seeing major resistance below 99% and is starting to drop nicely from that level.

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Chart PatternsCryptocurrencyEthereum (Cryptocurrency)ETHUSDethusdcomprasethusdcryptoethusdlongethusdshortHarmonic PatternsTrend Analysis
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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