Fibonacci Retracements Analysis 28.06.2019 (BITCOIN, ETHEREUM)

June 28, 2019

Article By RoboForex.com

BTCUSD, “Bitcoin vs US Dollar”

As we can see in the daily chart, there was a divergence on MACD, which made BTCUSD reverse at 13857.20 and start a new decline. This decline may be considered as a correction, which may be followed by a new rising wave. The current descending impulse has already broken 23.6% fibo and may continue falling towards 38.2%, 50.0%, and 61.8% fibo at 9837.00, 8590.00, and 7370.00 respectively. The resistance is the high at 13857.20.

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

The H4 chart shows more detailed structure of the current movement.


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

ETHUSD, “Ethereum vs. US Dollar”

As we can see in the daily chart, there was a divergence on MACD, which made ETHUSD start moving downwards. The resistance is the high at 363.18. The current decline is heading towards 38.2%, 50.0%, and 61.8% fibo at 262.65, 232.13, and 200.91 respectively.

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

In the H4 chart, the pair is getting back to 23.6% fibo 262.65.

ETHEREUM_Анализ по Фибоначчи

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.