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

Trading Signals for EUR/USD for July 2-5, 2025: sell below 1.1840 (+1/8 Murray - 21 SMA)

If the euro breaks below 1.1762 and consolidates below this price zone, a bearish acceleration is likely and could reach the bottom of the trend channel around 1.1620. It could

Dimitrios Zappas 19:00 2025-07-02 UTC+2

Trading Signals for GOLD (XAU/USD) for July 2-8, 2025: buy above 3,325 (21 SMA - 200 EMA)

Gold could be preparing for a new bullish sequence, so as the price consolidates above 3,325 or 3,312, any technical rebound will be seen as a buying signal, with short-term

Dimitrios Zappas 18:58 2025-07-02 UTC+2

USD/JPY. Analysis, Forecast, and Current Market Situation

Negative oscillators on the 4-hour chart indicate that any further upward movement can be viewed as a selling opportunity. From a technical standpoint, the presence of negative oscillators

Irina Yanina 18:48 2025-07-02 UTC+2

Forex forecast 02/07/2025: EUR/USD, USD/CAD, GBP/USD, Oil 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 12:12 2025-07-02 UTC+2

Forecast for EUR/USD on July 2, 2025

On Tuesday, the EUR/USD pair made an unsuccessful attempt to consolidate above the 1.1802 level. Today, a rebound from this level would favor the US dollar and a decline toward

Samir Klishi 11:07 2025-07-02 UTC+2

Forecast for GBP/USD on July 2, 2025

On the hourly chart, the GBP/USD pair continued rising on Tuesday, although bulls slightly pulled back, allowing the pair to consolidate below the 200.0% corrective level at 1.3749. However, this

Samir Klishi 11:00 2025-07-02 UTC+2

Can AUD/USD test its nearest Resistance level, Wednesday, July 2, 2025.

AUD/USD – Wednesday, July 2, 2025 The AUD/USD currency pair was boosted up by the weakening of the Greenback due to the uncertainty of the tariff war and the push

Arief Makmur 08:58 2025-07-02 UTC+2

Although EUR/GBP has the potential to be corrected, there is an opportunity to strengthen again, Wednesday, July 2, 2025.

EUR/GBP – Wednesday, July 2, 2025 EUR/GBP has the potential to strengthen due to the ECB's policy which signals that its Dovish policy is almost over, while the BoE continues

Arief Makmur 08:58 2025-07-02 UTC+2

EUR/USD Forecast for July 2, 2025

So, the euro quote has reached point X. Yesterday evening on the weekly chart, the price touched the upper boundary of the price channel, a Fibonacci

Laurie Bailey 05:12 2025-07-02 UTC+2

GBP/USD Forecast for July 2, 2025

On the daily chart, the signal line of the Marlin oscillator is moving downward in a straight line, ignoring the 120-pip price range. This suggests that the pair is freely

Laurie Bailey 05:12 2025-07-02 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.