Fibo Analysis for Bitcoin and Ether: 28.09.2018
Bitcoin
On H4, Bitcoin is moving going up. The crypto is approaching the local high at $6,821.70. In case it gets broken out, the price may well reach the post correctional extension between 138.2%-161.8% Fibo, or $7,013.60-$7,132.00. The support is meanwhile at the low, i.e. $6,318.70.
On H1, Bitcoin is trying to reach 6,821.70, but is likely to start pulling back in the short term.
Ethereum
On H4, Ether is trying to rise after the previous downtrend. The target may be at $254.14. In case it gets broken out, the price may well reach the post correctional extension between 138.2%-161.8% Fibo, or $273.63-$285.66. Conversely, if the support at $203.11 gets hit, the prices may go to the fractal levels of $191.68 and $166.85.
On H1, Ether is moving going up. The crypto is approaching to 61.8% Fibo ($234.60), with respect to the previous downtrend. The trend then may head towards 76%, or $241.90.
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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