Strong residence at 146.5

ETH is facing the strong residence at 146.5 and it has 3 times failed to break out during past 12 hours. Additionally, RSI indicators show it has been into the over sold zone. The temperate correction is coming soon and will test the support at 130 which is the 0.5 of Fib. IF it breaks out this support, 120 will be the next support.