Ethereum in an area of resistance

٢٨ ديسمبر ٢٠١٧

Ethereum is now testing an area of resistance (Multiple 61.8% Fibonacci retracement, 76.4% Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur at this area to push price down towards support level at 583 (Fibonacci retracement, horizontal swing low support).

Stochastic (55,5,3) is dropping nicely with good downside potential that could correspond to the drop in price too.

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