BTCUSD, “Bitcoin vs US Dollar”
As we can see in the H4 chart, after finishing the descending wave, BTCUSD started a new correction, which has already reached the retracement of 50.0%. The next targets may be the retracements of 61.8% and 76.0% at 3980.00 and 4060.00. The key target of this rising impulse will be the high at 4188.00. The local support is at 3764.00; the key one – 3652.60.
In the H1 chart, the current range is getting narrow; there is a signal for growth on MACD. Possibly, the pair may break the range upwards and reach the short-term high at 3945.70. After breaking the high, the instrument may continue growing towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 4008.00 and 4047.00 respectively.
ETHUSD, “Ethereum vs. US Dollar”
As we can see in the H4 chart, ETHUSD may start a new rising wave. The closest target of this uptrend may be the retracements of 50.0%, 61.8%, and 76.0% at 144.20, 149.30, and 155.50 respectively. In case the price start a new descending impulse after breaking the local support at 122.57, the instrument may fall towards the retracement of 76.0% at 115.90).
In the H1 chart, ETHUSD is being corrected upwards. The first target will be the high at 140.45. After breaking it, the pair may continue growing to reach the post-correctional extension area between the retracements of 138.2% and 161.8% at 145.45 and 148.45 respectively. The support is the low at 127.40.
