BTC/USD 4H Chart: Reveals new ascending channel - Trade Pattern Ideas - Dukascopy Bank
Fri, 28 Dec 2018 07:15:34 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD (12; 26; 9)
Sell
Sell
Sell
RSI (14)
Neutral
Neutral
Neutral
Stochastic (5; 3)
Buy
Buy
Neutral
Alligator (13; 8; 5)
Sell
Sell
Sell
SAR (0.02; 0.2)
Sell
Sell
Sell
Aggregate
⇘
⇘
⇘
The BTC/USD pair has been trading in a narrow ascending channel pattern since the beginning of December.
The Bitcoin cryptocurrency was stranded between SMAs during the morning hours of Friday's trading session.
Given that the blockchain is trading near the lower boundary of the narrow ascending channel at 3681.7, it is likely that the pair will break the channel pattern within this session.
Meanwhile, technical indicators suggest that the decline of the pair is likely to continue during the following trading session.
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