Ethereum right on major resistance,prepare for a potential drop!

٧ فبراير ٢٠١٨

Ethereum is now testing our 1st resistance at 784 (multiple Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to drive prices down to at least 564 (Fibonacci extension, horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance at 96% where a corresponding reaction could occur.

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