Article By RoboForex.com
BTC USD, “Bitcoin vs US Dollar”
At the H4 chart, the uptrend continues. The BTC/USD pair may reach the post-correctional extension retracement of 261.8% at 8185.00. At the same time, the divergence that is being formed may indicate a possible correction after the price reaches the above-mentioned level.
At the H1 chart, the BTC/USD pair is also trading upwards. The next upside targets may be inside the post-correctional extension area between the retracements of 138.2% and 161.8% at 7516.38 and 7648.27 respectively.
ETH USD, “Ethereum vs. US Dollar”
As we can see at the H4 chart, the ETH/USD pair has been corrected to the downside by 50.0%. The new descending pulse may reach the local low at 273.38 and then continue falling towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 259.60 and 250.42 respectively.
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At the H1 chart, the pair is being corrected to the upside and has already reached the retracement of 38.2%. The next targets of the ascending correction may be the retracements of 50.0% and 61.8% at 297.57 and 302.71 respectively.
RoboForex Analytical Department
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.
