Ehtusdlong
Potential big drop upcoming for ETHUSD!ETHUSD is testing our first resistance at 172.99 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where we might see a corresponding drop in price to our major support level at 158.53 (horizontal swing low support, 61.8% Fibonacci retracement).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
ETHUSD approaching resistance, potential drop! ETHUSD is approaching our first resistance at 175.50 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur to our major support at 156.75 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.