ETHUSD approaching support, potential bounce!
ETHUSD is approaching our first support at 124.75 (horizontal overlap support, 50% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 156.19 (horizontal swing high resistance). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias.
Stochastic (21,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (21,5,3) is also approaching support where we might see a corresponding bounce in price.
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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