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