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

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

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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Petar Jacimovic
Analytical expert of InstaForex
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