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Etherium has dropped perfectly to our major support!

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BITFINEX:ETHUSD   Ethereum
Etherium has dropped strongly after breaking our major resistance level and is now right on our major support level at 778 .62 which is a fibonacci retracement, extension, overlap support and has bullish divergence level.

Our next major level of resistance is at 907.45 which is similarly a fibonacci retracement, extension and overlap resistance level.

It is worth noting how stochastic has bounced off our 6.5% level multiple times and we could be seeing another such bounce line up.

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