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ETHUSD approaching support, potential bounce!

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ETHUSD is approaching our first support at 188.15 (horizontal swing low support, 61.8%, 100% Fibonacci extension, 76.4% Fibonacci retracement) where 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 (55,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
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Chart PatternsETHETHUSDethusdlongethusdshortForexforextradingHarmonic PatternsTrend AnalysisUSD
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