ETH/USD 4H Chart: Set for breakout

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellBuySell
SAR(0.02;0.2)SellBuyBuy
Aggregate⇘⇗⇒

[ANNOUNCE]Ethereum cryptocurrency continued to edge higher against the US Dollar since last week. The pair was guided by the 50– hour simple moving average during the previous week's trading session.[/ANNOUNCE]

From a technical point of view, the cryptocurrency is likely to continue its upside risk. The potential target for the ETH/USD pair will be at the 150 mark during the following trading sessions.

However, given that the blockchain is near a support level formed by the lower boundary of an ascending channel pattern, a breakout could be expected within this session.

Actual Topics