ETHUSD is approaching our first support at 188.15 (horizontal swing low support, 100% Fibonacci extension, 76.4% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 221.22 (horizontal overlap resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
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