BTC USD, “Bitcoin vs US Dollar”
As we can see at the H4 chart, after being corrected to the downside very quickly, the BTC/USD pair has broken its previous highs and reached new ones. The next upside targets may be inside the post-correctional extension area between the retracements of 138.2% and 161.8% at 8774.76 and 9313.05 respectively.
At the H1 chart, the pair is being corrected to the downside with the target at 38.2%, 50.0%, and 61.8% at 7076.06, 6776.85, and 6490.11 respectively
ETH USD, “Ethereum vs. US Dollar”
At the H4 chart, the uptrend continues, although the mid-term tendency is still a sideways range in the form of the Triangle. After breaking the high at 353.94, the ETH/USD pair may move towards the post-correctional extension area between the retracements of 138.2% and 161.8% at 384.45 and 403.47 respectively.
As we can see at the H1 chart, the pair is being corrected to the downside. The target are the retracements of 38.2%, 50.0%, and 61.8% 391.36, 313.10, and 306.83 respectively.
RoboForex Analytical Department