Type: Bullish BounceKey Levels:Resistance: 2833Pivot: 2500Support: 2325Preferred Case:Price is expected to bounce off our pivot at 2500 in line with the 61.8% Fibonacci retracement, horizontal overlap support and the support of the Ichimoku cloud to our 1st resistance at 2833 in line with the 61.8% Fibonacci retracement. Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 2325 in line with the horizontal swing low support.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/ethusd-h4-or-potential-bullish-bounce"
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