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easyMarkets
Dec 13, 2018 1:27 AM

ETHUSD reversed off resistance, potential for further drop! Short

Ethereum / DollarBitfinex

Description

ETHUSD reversed off our first resistance at 94.21 (50% Fibonacci retracement , horizontal swing high resistance) where a further drop might occur below this level pushing price to our major support at 85.85 (61.8% fibonacci extension , horizontal swing low support).
RSI (21) has reversed off resistance and we might see a corresponding drop in price.

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