Fibonacci Retracements Analysis 15.03.2019 (BITCOIN, ETHEREUM)

Sourced from: https://www.countingpips.com/2019/03/fibonacci-retracements-analysis-15-03-2019-bitcoin-ethereum/

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

In the H1 chart, the current range is getting narrow; there’s a sign for growth over MACD. Maybe, the pair may break the range upwards and reach the short-term high at 3945.70. After dividing the large, the instrument may keep on rising towards the post-correctional expansion area involving the retracements of 138.2percent and 161.8% in 4008.00 and 4047.00 respectively.

Bitcoin

As we can see from the H4 graph, after finishing the descending wave, BTCUSD started a brand new correction, which has already reached the retracement of 50.0%. The next targets might be the retracements of 61.8% and 76.0% at 3980.00 and 4060.00. The important target of the rising impulse is going to be the high at 4188.00. The local support is currently at 3764.00; the primary one — 3652.60.

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

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

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

Forecasts presented within this section only reflect the writer’s personal opinion and should not be regarded as advice for trading. RoboForex LP conveys no obligation for trading outcomes based on trading recommendations described in these analytical reviews.

Ethereum
ETHUSD
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD
Attention!

As we can see in the H4 chart, ETHUSD can begin a new climbing wave. The nearest goal of the uptrend might be the retracements of 50.0%, 61.8 percent, and 76.0% at 144.20, 149.30, and 155.50 respectively. In the event the price launch a new descending impulse after breaking the neighborhood support at 122.57, the tool may fall towards the retracement of 76.0percent at 115.90).
In the H1 chart, ETHUSD is being adjusted upwards. The first goal will be the high at 140.45. After dividing it, the set may continue growing to reach the post-correctional extension area between the retracements of 138.2% and 161.8% in 145.45 and 148.45 respectively. The support is the non at 127.40.

ETHUSD, “Ethereum vs. US Dollar”