Fibo Analysis for Bitcoin and Ether: 28.09.2018

28 сентября 2018 - Fx4News

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.

BTCUSD1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On H1, Bitcoin is trying to reach 6,821.70, but is likely to start pulling back in the short term.

BTCUSD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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.

ETHUSD1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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.

ETHUSD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future