BTC/USD 4H Chart: Tests resistance cluster

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
 MACD(12;26;9) Sell Buy Sell
 RSI(14) Neutral Neutral Neutral
 Stochastic(5;3;3) Neutral Neutral Neutral
 Alligator(13;8;5) Sell Buy Sell
 SAR(0.02;0.2) Buy Buy Sell
 Aggregate ⇒ ⇗ ⇘

[ANNOUNCE]The BTC/USD pair is currently trading in an ascending trendline pattern. The pair tested the lower boundary of the uptrend pattern at 3700.0 during yesterday's trading session.[/ANNOUNCE]

Given that the bitcoin cryptocurrency is trading in an uptrend pattern, and the 100-and 200-hour SMAs is below the price level, it is likely that the pair will continue moving north until it reaches a resistance level at the 4200.0 area.

However, a resistance cluster formed by the 50-hour simple moving average and the monthly PP at 3897.6 could hinder such bullish movement during the following trading sessions.

Actual Topics