Article By RoboForex.com
BTCUSD, “Bitcoin vs US Dollar”
As we can see in the H4 chart, BTCUSD is forming a new correction to the upside, which has already reached the retracement of 38.2%. The next possible target of this ascending correction is the retracement of 50.0% at 7093.00. The support level is the low at 5890.00.
In the H1 chart, the pair is trading towards 6807.00, which was already tested before.
ETHUSD, “Ethereum vs. US Dollar”
As we can see in the H4 chart, ETHUSD is still being corrected upwards and has already reached the retracement of 23.6%. The next upside targets are the retracements of 38.2% and 50.0% at 340.00 and 367.00 respectively. The support level is the low at 250.59.
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In the H1 chart, the convergence made the pair start a new ascending correction, which has already reached the retracement of 23.6%. The next possible targets may be the retracements of 38.2%, 50.0%, and 61.8% at 282.50, 289.90, and 297.30 respectively.
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.
