BTC/USD 4H Chart: moving towards $2500 - Trade Pattern Ideas - Dukascopy Bank
Tue, 11 Dec 2018 07:50:01 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD (12; 26; 9)
Sell
Sell
Sell
RSI (14)
Neutral
Buy
Buy
Stochastic (5; 3)
Neutral
Neutral
Buy
Alligator (13; 8; 5)
Sell
Sell
Sell
SAR (0.02; 0.2)
Buy
Sell
Sell
Aggregate
⇒
⇘
⇒
Bitcoin cryptocurrency has continued to depreciate against the US Dollar. The pair reached the $3500 mark during yesterday's session.
The pair tested a resistance level formed by the traditional weekly pivot point at 3646.1 during the morning hour of Tuesday's session.
Technical indicators on the daily time frame demonstrate that the BTC/USD pair is likely to continue its depreciation during the following trading session. If this decline continues, the potential target for the cryptocurrency will be at the $2500 mark.
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