14.09.201814:22 Forex Analysis & Reviews: Bitcoin analysis for September 14, 2018

Long-term review

Exchange Rates 14.09.2018 analysis

Trading recommendations:

According to the H4 time - frame, I found that price broke the resistance trendline in the background, which is a sign that buyers are in control. I also found the potential start of the rising channel, which also indicates that buying opportunities are preferable. I placed Fibonacci retracement to find a potential upward target and I got Fibonacci retracement 61.8% at the price of $6.855. Watch for buying opportunities.

Support/Resistance

Support cluster - $6.380

Upward target - $6.855

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

Petar Jacimovic,
Analytical expert
InstaForex Group © 2007-2021
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