BTC USD, “Bitcoin vs US Dollar”
At the H4 chart, the uptrend continues. The BTC/USD pair may reach the post-correctional extension retracement of 261.8% at 8185.00. At the same time, the divergence that is being formed may indicate a possible correction after the price reaches the above-mentioned level.
At the H1 chart, the BTC/USD pair is also trading upwards. The next upside targets may be inside the post-correctional extension area between the retracements of 138.2% and 161.8% at 7516.38 and 7648.27 respectively.
ETH USD, “Ethereum vs. US Dollar”
As we can see at the H4 chart, the ETH/USD pair has been corrected to the downside by 50.0%. The new descending pulse may reach the local low at 273.38 and then continue falling towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 259.60 and 250.42 respectively.
At the H1 chart, the pair is being corrected to the upside and has already reached the retracement of 38.2%. The next targets of the ascending correction may be the retracements of 50.0% and 61.8% at 297.57 and 302.71 respectively.
RoboForex Analytical Department