Forex Analysis & Reviews: 16.09.2020 - Comprehensive analysis of...

16.09.2020 05:47 PM

Comprehensive analysis of the movement options for the major cryptocurrencies #Bitcoin & #Ethereum (Daily) on September 17, 2020

Minor operational scale (Daily)

Cryptocurrencies in the second half of September - overview of options for the movement of # Bitcoin & # Ethereum on September 17, 2020.

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#Bitcoin

The #Bitcoin movement from September 17, 2020 will be determined by the development and direction of the range breakdown:

resistance level of 11037.00 - the lower border of the channel 1/2 Median Line of the Minute operational scale fork;
support level of 10543.00 on the upper border of the channel 1/2 Median Line of the Minor operational scale fork.

If the resistance level of 11037.00 will make the actual development of the #Bitcoin movement in the channel borders 1/2 Median Line (11037.00 - 11425.00 - 11770.00) and equilibrium zone (11425.00 - 11959.00 - 1249.80) of the Minute operational scale fork with the prospect of reaching the lower border ISL38.2 (12718.00) of the equilibrium zone of the Minor operational scale fork, and the ultimate Shiff Line Minute (12935.00).

In case of breaking the support level of 10543.00, the development of the movement of #Bitcoin will arise within the channel 1/2 Median Line (10543.00 - 9352.00 - 8180.00) of the Minor operational scale fork.

Details of the #Bitcoin movement since September 16, 2020 can be seen on the animated chart.

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#Ethereum

The development of the #Ethereum movement from September 17, 2020 will be determined by the development and direction of the breakdown of the 1/2 Median Line channel boundaries (360.00 - 386.65 - 420.00) of the Minor operational scale fork - details of movement within this channel are shown on the animated chart.

When breaking the lower border of the channel 1/2 Median Line Minor - support level of 360.00 - the development of the movement of #Ethereum may continue to initial line SSL (345.00) of the Minute operational scale fork and equilibrium zone (333.00 - 288.00 - 239.00) of the Minor operational scale fork.

If the upper boundary of the 1/2 Median Line Minor channel is broken through - resistance level of 420.00 - the development of the #Ethereum movement in the equilibrium zone (420.00 - 444.99 - 470.00) of the Minute operational scale fork with the prospect of reaching the initial - SSL (487.80) and the control - UIL ( 508.00) lines of the Minor operational scale forks.

Details of the #Ethereum movement options from September 17, 2020 are shown on the animated chart.

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The review is compiled without taking into account the news background, the opening of trading sessions of the main financial centers and is not a guide to action (placing "sell" or "buy" orders).

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*Disclaimer: The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.