| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The ETH/USD currency pair has depreciated about 17.22% in value since last week's trading sessions. A breakout occurred through the lower boundary of a descending channel pattern during yesterday's trading session.
Given that a breakout has occurred, most likely, the Ethereum cryptocurrency could continue to trade south next week. The potential target for bearish traders will be near the monthly S1 at 237.03.
If the monthly S1 holds, a possible upside reversal could occur during the following trading sessions.