Fibo Analysis for Bitcoin and Ether: 29/03/2019

March 29, 2019

Article By RoboForex.com

Bitcoin

On H4, the BTC stopped correcting and started testing 76% Fibo again. If the rally continues, the crypto may reach not only the high at $4,188.40, but also the range between 138.20%-$161.80 ($4,393 to $4,518). The support is meanwhile at 38.20% ($3,857.50).

BTCUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On H1, the BTC is falling after the divergence, with the descending trend targeting 23.60% ($4,003), 38.20% ($3,975.50), and 50% ($3,953). The resistance is at $4,048.70.


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BITCOIN
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Ethereum

On H4, the Ether is still correcting upwards. This correction trend has tested 38.20% for the third time and may head further to 50% ($144.30), 61.80% ($149.40), and 76% ($155.60). The support is meanwhile at $122.57.

ETHUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On H1, the Ether is downtrending, falling towards 38.2% (136.16) and 50.0% (135.12) Fibo. Meanwhile, the local resistance is at 139.62.

ETHEREUM

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.