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

29 марта 2019 - Fx4News

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).

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

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.

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

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.

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

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.

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