Bitcoin
On H4 the price demonstrates a rather stable descending channel. Upon trying to reach the support line and 50.0% (8600.0) Fibo the quotations developed a local impulse of correction upwards. However, it is too early to speak about the end of the mid-term descending correction. In other words, upon completion of the pullback we may expect another impulse fr declining to the target levels: 50.0% (8600.0) and 61.8% (7370.00).
On H4 the price demonstrates a rather stable descending channel. Upon trying to reach the support line and 50.0% (8600.0) Fibo the quotations developed a local impulse of correction upwards. However, it is too early to speak about the end of the mid-term descending correction. In other words, upon completion of the pullback we may expect another impulse fr declining to the target levels: 50.0% (8600.0) and 61.8% (7370.00).
Ethereum
On H4 the Ethereum demonstrates a bounce off the correction level at 61.8% Fibo, which may b the beginning of a short-term pullback to the resistance level at 38.2% (262.80). After the pullback another descending wave to 76.0% (163.45) may follow.
On H1 the Ethereum shows an ascending trend as a correction. The quotations are heading for 38.2% (236.80) and 61.8% (265.40) Fibo. The support is at the minimum of 190.41.
