{"id":148736,"date":"2019-05-31T09:15:44","date_gmt":"2019-05-31T13:15:44","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=148736"},"modified":"2019-05-31T06:56:04","modified_gmt":"2019-05-31T10:56:04","slug":"fibonacci-retracements-analysis-31-05-2019-bitcoin-ethereum","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/05\/fibonacci-retracements-analysis-31-05-2019-bitcoin-ethereum\/","title":{"rendered":"Fibonacci Retracements Analysis 31.05.2019 (BITCOIN, ETHEREUM)"},"content":{"rendered":"
May 31, 2019<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

BTCUSD, \u201cBitcoin vs US Dollar\u201d<\/strong><\/p>\n

In the H4 chart, after the price had reach the retracement of 38.2%, there was a divergence on MACD, which may indicate a new correction. The key support level is the retracement of 23.6% at 6450.00. After completing the correction and breaking the high at 9089.70, BTCUSD may started a new rising wave to reach the retracement of 50.0% at 10170.00.<\/p>\n

\"Bitcoin\"
\n\"Risk<\/p>\n

In the H1 chart. BTCUSD is trading downwards to reach the retracement of 23.6% at 7810.00. The next downside targets may be the retracement of 38.2%, 50.0%, and 61.8% at 7020.00, 6370.00, and 5735.00.<\/p>\n

\"BTCUSD\"
\n\"Risk<\/p>\n

ETHUSD, \u201cEthereum vs. US Dollar\u201d<\/strong><\/p>\n

As we can see in the H4 chart, after ETHUSD had updated the previous high, there was a divergence on MACD, which may indicate a possible pullback or a trend reverse. By now, the price has already reached the retracement of 23.6% and may continue trading downwards. However, the mid-term rising tendency may yet continue. A new ascending impulse may be heading to break the high at 288.82 and reach the retracement of 38.2% at 367.00.<\/p>

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\"ETHUSD\"
\n\"Risk<\/p>\n

The H1 chart shows the targets of the current descending correction; the closest ones is the retracement of 38.2% at 234.70. The next targets may be the retracements of 50.0%, 61.8%, and 76.0% at 218.07, 201.00, and 180.95 respectively.<\/p>\n

\"Ethereum\"
\n\"Risk<\/p>\n

Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Attention!<\/strong>
\nForecasts presented in this section only reflect the author\u2019s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.<\/p>\n","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com BTCUSD, \u201cBitcoin vs US Dollar\u201d In the H4 chart, after the price had reach the retracement of 38.2%, there was a divergence on MACD, which may indicate a new correction. The key support level is the retracement of 23.6% at 6450.00. After completing the correction and breaking the high at 9089.70, BTCUSD […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-148736","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=148736"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148736\/revisions"}],"predecessor-version":[{"id":148738,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148736\/revisions\/148738"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=148736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=148736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=148736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}