Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Sell | Sell |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Neutral | Neutral | Neutral |
Alligator (13; 8; 5) | Buy | Neutral | Sell |
SAR (0.02; 0.2) | Buy | Buy | Sell |
Aggregate | ⇒ | ⇒ | ⇒ |
The Bitcoin cryptocurrency has been trading in an ascending channel pattern against the US Dollar since the middle of December when the pair bounced off its bottom border at 3186.9.
The BTC/USD pair breached the three SMAs at 3826.2 during the previous trading session.
Given that the 50-, 100-, and 200-hour simple moving averages are pointing north, it is possible that the blockchain will continue to gain strength and potentially target a strong resistance cluster formed by the weekly and the monthly PPs at 4255.4 during the following trading sessions.