Article By RoboForex.com
BTCUSD, “Bitcoin vs US Dollar”
As we can see in the H4 chart, after finishing the descending correction at 61.8% fibo, Bitcoin is trying to form a new rising wave. The first ascending structure has already reached 50.0% fibo and may later continue towards 61.8% and 76.0% fibo at 11463.00 and 11845.00 respectively, as well as the high at 12479.50. However, one shouldn’t exclude a possibility of a decline towards the local low at 9824.00. in this case, the price may break the low and then continue trading downwards to reach 76.0% fibo at 9696.00. The key target of such decline may be the fractal low at 8814.20.
In the H1 chart, the local convergence made the pair reverse and reach 61.8% fibo. Later, the price may reach 76.0% fibo and the high at 10928.00 and 11180.00 respectively to confirm further mid-term uptrend. However, if the asset breaks 10129.50, the price may start a new mid-term descending wave.
Free Reports:
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
ETHUSD, “Ethereum vs. US Dollar”
As we can see in the H4 chart, the divergence made the pair complete the uptrend and start a new decline, which is testing 38.2% fibo. The next downside targets may be 50.0% and 61.8% fibo at 289.00 and 242.50 respectively. The resistance is the high at 488.68.
In the H1 chart, the pair has reached 50.0% fibo after the local convergence. After a short-term pullback, the price may reach 61.8% and 76.0% fibo at 363.05 and 374.70 respectively, as well as the high at 394.21. However, if the market breaks the low at 312.81, the instrument may reach the mid-term 50.0% fibo at 289.00.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- Iran wants to maintain the blockade of the Strait of Hormuz until the United States closes all its bases in the Middle East Mar 13, 2026
- USD/JPY at Highest Since July 2024: Market Awaits BoJ Intervention Mar 13, 2026
- Oil continues to rise despite record strategic reserve releases by the IEA Mar 12, 2026
- Gold Moderately Lower as Market Pressures Intensify Mar 12, 2026
- IEA deploys strategic reserves to halt soaring oil prices Mar 11, 2026
- GBP/USD Managed to Rise, but Pressure Factors Remain in Place Mar 11, 2026
- Trump signals de-escalation in the Middle East; China’s trade surplus hits a new record Mar 10, 2026
- EUR/USD in Turbulence: Market Questions When Conflict Over Iran Will End Mar 10, 2026
- Prices push oil above $100 per barrel Mar 9, 2026
- COT Metals Charts: Speculator Bets led by Silver, Gold & Platinum Mar 7, 2026
