Article By RoboForex.com
Bitcoin
On H4, the Bitcoin is forming an ascending trend after correcting. This uptrend has reached the 61.80% Fibo; the local pullback has sent the crypto to the support at $3,858, and the next ascending trend target lies at $4,188.40. In case this high gets broken out, the price is likely to go up to reach the extension of 138.20%-161.80% Fibo, or $4,393 to $4,519.
On H1, the Bitcoin has diverged and then reached 38.20%, and may head further down to 50% ($3,864) and 61.80% ($3,819). The resistance is at $4,058.20.
Ethereum
On H4, the Ether is approaching 50% Fibo, or $144.33. The next uptrend targets may lie at 61.80%, or $149.45, and 76%, or $155.58. If a downside move occurs, the price may hit the low at $122.57, and then 76% Fibo, or $115.95.
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On H1, the Ether has formed a correction downtrend that reached 76.% Fibo. The local support is meanwhile at $128.20. If the resistance at $137.71 gets hit, the price will try to reach then the local high at $143.58.
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.
