Bitcoin
On H4, Bitcoin continues to form a correction uptrend. This correction has reached 38.2% Fibo and may go ahead to reach 50.0% (8.764.50) and 61.8 (9.472.00). The low at 5750.00 is acting as a support.
On H1, for Bitcoin we can see that after the divergence has been formed the market is entering the local correction stage. Once 23.6% Fibo is reached, the price may fall to 38.2% (7.567.00) and 50.0% (7.283.00). The resistance is at the maximum of 8484.10.
Ethereum
On H4, for Ethereum we can see the continued correction compared with the previous downtrend. The correction has reached 23.6% according to Fibonacci. The further uptrend targets may lie at 38.2% (567.00) and 50.0% (617.00). In case the low at 404.21 gets broken out, the price may go down to reach the post correctional extension at 138.2%-161.8% Fibo (362.20-336.10).
On H1, for Ethereum there is an uptrend after the correction descent to 76.0% according to Fibonacci. The main target of the current uptrend is 515.33.
