empty
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.

____________________

#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.

This image is no longer relevant

____________________

#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.

This image is no longer relevant

____________________

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).

Ratu Taslim,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

EUR/USD. July 4th. Bears continue to retreat from the market

On Thursday, the EUR/USD pair rebounded once again from the 1.1802 level and declined almost to the 127.2% Fibonacci retracement level at 1.1712. As of Friday morning, the pair

Samir Klishi 10:53 2025-07-04 UTC+2

Forex forecast 04/07/2025: EUR/USD, GBP/USD, USD/JPY, SP500 and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:51 2025-07-04 UTC+2

GBP/USD. July 4th. Independence Day

On the hourly chart, the GBP/USD pair on Thursday rebounded from the support zone of 1.3611–1.3633, reversed in favor of the pound, and now has every chance to continue rising

Samir Klishi 10:01 2025-07-04 UTC+2

EUR/USD Forecast for July 4, 2025

The main event of yesterday largely aligned with our forecasts — specifically, the anticipated "number play" occurred. But it was done very delicately, just enough to halt the growth

Laurie Bailey 06:01 2025-07-04 UTC+2

GBP/USD Forecast for July 4, 2025

On the daily chart, the British pound has consolidated below the MACD line. It had an excellent opportunity to also consolidate below the support level of 1.3635, but that attempt

Laurie Bailey 05:58 2025-07-04 UTC+2

Natural Gas Forecast for July 4, 2025

Natural Gas (NG) The daily balance indicator line decisively halted yesterday's price surge — Thursday ended with a decline of 2.63%. The drop, in turn, was held back

Laurie Bailey 05:53 2025-07-04 UTC+2

Trading Signals for BITCOIN for July 4-8, 2025: sell below $110,610 (7/8 Murray - 21 SMA)

On the other hand, if Bitcoin consolidates above the 7/8 Murray level, it is likely that it will reach the strong resistance of the 8/8 Murray level located at $112,500

Dimitrios Zappas 05:17 2025-07-04 UTC+2

Trading Signals for GOLD (XAU/USD) for July 4-8, 2025: sell below $3,350 (21 SMA - 3/8 Murray)

If gold recovers above the 200 EMA at 3,327, we could expect a pullback to 3,345. This area represents strong resistance and could be seen as a selling opportunity

Dimitrios Zappas 05:15 2025-07-04 UTC+2

Trading Signals for EUR/USD for July 4-8, 2025: sell below 1.1795 (21 SMA - 8/8 Murray)

The eagle indicator has been giving a negative signal since June 30, so our strategy will remain bearish. As long as the euro price trades below 1.1795, we continue

Dimitrios Zappas 05:13 2025-07-04 UTC+2

EUR/USD. July 3rd. The Most Important Day of the Week

On Wednesday, the EUR/USD pair rebounded from the 1.1802 level, reversed in favor of the U.S. dollar, and showed a slight decline. However, by Thursday morning, the pair had returned

Samir Klishi 12:10 2025-07-03 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.