Fibo Analysis for Bitcoin and Ether: 21.09.2018
Bitcoin
On H4, Bitcoin correctional phase is extending. The correctional trend reached 38.2% Fibo and which the move to reach 50.0% (6755.20), 61.8% (6908.60), and 76.0% (7090.00), while the support is at the low, $6,102.20.
On H1, BTC stopped downtrending and, after converging, is now forming an uptrend. After breaking out the local low, the price is going towards the post correctional extension range between 138.20 and 161.80% Fibo, or 6,767.00-6,876.50.
Ether
On H4, Ether is continuing its correctional uptrend after convergence. The crypto is heading towards 23.6% (248.70), 38.2% (299.70), and 50.0% (340.70), while the support is at the low ($166.85).
On H1, Ether is trying to reach 227.35. Once having reached it, the price may head further to the post correctional extension range at between 138.20% and 161.80% Fibo, or $241.00-$248.65.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
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