ETHUSD H4 | Potential For A Rise

36552 ethusd h4 potential for a rise

Type: Bullish BounceKey Levels:Resistance: 3470Pivot: 3030Support: 2763Preferred Case:On the H4, with price moving above the ichimoku indicator, we have a bias that price will rise to our 1st resistance at 3470 in line with the horizontal swing high resistance from our pivot at 3030 in line with the horizontal pullback support and 50% Fibonacci retracement.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 2763 in line with the horizontal pullback support and 78.6% Fibonacci retracement.

Source: Tickmill

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