ETH/USD 4H Chart: Stranded between SMAs

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

Since September 20, the ETH/USD currency pair has depreciated about 30.7% in value. The decline began after the pair reversed from a one-month high level at 230.8. The exchange rate is currently stranded between the 200– hour SMA at 187.40 and the 50– hour SMA at 176.29.

From a theoretical point of view, the Ethereum cryptocurrency will most likely continue to fall against the US Dollar during the following trading sessions. The potential target for the exchange rate would be at 148.30.

However, the 50– period simple moving average at 176.2 could provide support for the currency pair during next week's trading session.

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