{"id":170223,"date":"2020-05-08T09:15:40","date_gmt":"2020-05-08T13:15:40","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=170223"},"modified":"2020-05-08T08:17:43","modified_gmt":"2020-05-08T12:17:43","slug":"fibonacci-retracements-analysis-08-05-2020-bitcoin-ethereum","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/05\/fibonacci-retracements-analysis-08-05-2020-bitcoin-ethereum\/","title":{"rendered":"Fibonacci Retracements Analysis 08.05.2020 (BITCOIN, ETHEREUM)"},"content":{"rendered":"
May 8, 2020<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

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

As we can see in the daily chart, the asset is correcting to the upside after completing the previous downtrend. By now, it has reached 61.8% fibo and may yet continue this rising tendency towards 76.0% fibo at 11450.00. However, the tendency may continue only after a slight pullback with the first target at 50.0% fibo at 8880.00.<\/p>\n

\"BTCUSD_D1\"
\n\"Risk<\/p>\n

In the H4 chart, the uptrend has already broken mid-term 76.0% fibo and may continue moving to break the fractal high at 10505.60. At the same time, the MACD indicator is forming a divergence, which hints at a possible pullback. The support is \u0442\u0435 far from 61.8% fibo at 8000.00.<\/p>\n

\"BTCUSD_H4\"
\n\"Risk<\/strong><\/p>\n

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

As we can see in the H4 chart, the divergence on MACD made the pair stop growing at 61.8% fibo and start a new correction to the downside. The downside correctional target is 38.2% fibo at 165.90. After completing the correction, ETHUSD may form one more ascending structure towards 76.0% fibo at 241.40 and then the high at 288.98.<\/p>

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<\/div>\n

\"ETHUSD_H4\"
\n\"Risk<\/p>\n

The H1 chart shows more detailed structure of the current correction. After reaching 23.6% fibo, the price has formed an internal pullback. Later, after the pullback, the pair may start a new descending wave towards 38.2% fibo at 174.90. However, if the instrument breaks the resistance at 227.46, it may resume the mid-term uptrend.<\/p>\n

\"ETHUSD_H1\"<\/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 As we can see in the daily chart, the asset is correcting to the upside after completing the previous downtrend. By now, it has reached 61.8% fibo and may yet continue this rising tendency towards 76.0% fibo at 11450.00. However, the tendency may continue only after a […]<\/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-170223","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170223","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=170223"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170223\/revisions"}],"predecessor-version":[{"id":170227,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170223\/revisions\/170227"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=170223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=170223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=170223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}