ETHUSD approaching resistance, potential drop!

ETHUSD is approaching our first resistance at 142.81 (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur to our major support at 132.09 (horizontal swing low support, 61.8% Fibonacci retracement).
Stochastic (89,5,3) 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.


Chart PatternsETHETHUSDethusdlongethusdshortHarmonic PatternsTrend AnalysisUSD

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