ETHUSD approaching resistance, potential drop!

٢٣ أبريل ٢٠١٩

ETHUSD is approaching our first resistance at 176.86 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur to our major support at 159.33 (horizontal swing low support, 61.8% Fibonacci extension).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.