ETH/USD 4H Chart: Decline likely to continue - Trade Pattern Ideas - Dukascopy Bank
Mon, 17 Dec 2018 06:31:27 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD (12; 26; 9)
Sell
Sell
N/A
RSI (14)
Neutral
Buy
Buy
Stochastic (5; 3)
Neutral
Buy
Buy
Alligator (13; 8; 5)
Sell
Sell
Sell
SAR (0.02; 0.2)
Sell
Sell
Sell
Aggregate
⇘
⇒
⇗
The ETH/USD pair has been trading in a medium-term descending channel pattern since the beginning of November.
The Ethereum cryptocurrency was trading near the upper boundary of the medium-term channel at 90.80 during the morning hours of Monday's session and could be set for a breakout.
If this breakout occurs, the blockchain will aim at a resistance level formed by the 100-hour simple moving average at 108.8.
However, technical indicators demonstrate that the surge might not be immediate.
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