Ethereum testing major resistance area!

26 déc. 2017

Ethereum is now testing our major resistance area at 717 to 748 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance area, bearish price action) and a strong drop could occur at this level to push price to at least 583 support (Fibonacci retracement, horizontal swing low support). Our next major level of resistance is at 809 (Fibonacci retracement, horizontal breakout resistance level).

Stochastic (34,5,3) is seeing strong resistance below 97% where a corresponding drop could occur.

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