BTC analysis for September 14,.2020 - Breakout of the rising channel in the background and potential for test of $9.140 and $8.400

Further Development

Name: b-p-140920.jpg Views: 12 Size: 58.8 KB

Analyzing the current trading chart of BTC, I found that there is no change since my last analysis and I still expect another downside movement towards the $9,135 and $8,400.

There is the breakout of the rising channel in the background and I see the current rally like the re-test phase after the downside breakout, which is another confirmation for the downside continuation.

Watch for selling opportunities on the rallies...


Key Levels:

Resistance: $11,000

Support level: $9,135 and $8,40


Name: s_jacimovic.png Views: 11 Size: 4.8 KB
Performed by Petar Jacimovic
0Analytical expert
InstaForex Group © 2007-2020