ETHUSD approaching support, potential bounce!

٢٥ سبتمبر ٢٠١٨

ETHUSD is approaching our first support at 219 (horizontal pullback support, ascending channel support, 100% Fibonacci extension, 38.2% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 249 b (horizontal overlap resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support and we might see a corresponding rise in price.
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