Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Sell | Sell | Sell |
RSI (14) | Neutral | Neutral | Neutral |
Stochastic (5; 3) | Neutral | Neutral | Buy |
Alligator (13; 8; 5) | Sell | Sell | Sell |
SAR (0.02; 0.2) | Buy | Sell | Sell |
Aggregate | ⇒ | ⇘ | ⇘ |
The BTC/USD pair is currently trading in a descending triangle pattern. The pair tested the upper boundary of the triangle-like formation pattern at 3500.0 during yesterday's trading session.
Given that the bitcoin cryptocurrency is trading in a descending triangle pattern, and the three SMAs is above the price level, it is likely that the pair will continue moving south until it reaches a support level at the 3300.9 area.
However, a support cluster formed by the lower boundary of the triangle pattern and the monthly S2 at 3370.5 could provide support for the pair within the coming sessions.