ETH/USD 4H Chart: Will continue to gain strength - Trade Pattern Ideas - Dukascopy Bank
Thu, 10 Jan 2019 06:12:16 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD (12; 26; 9)
Buy
Buy
Sell
RSI (14)
Neutral
Neutral
Neutral
Stochastic (5; 3)
Neutral
Neutral
Neutral
Alligator (13; 8; 5)
Neutral
Buy
Sell
SAR (0.02; 0.2)
Sell
Buy
Buy
Aggregate
⇒
⇗
⇒
The ETH/USD pair has been trading in an ascending channel pattern since the middle of December.
The Ethereum cryptocurrency breached the upper boundary of a dominant descending channel at 150.5 on January 4.
Given that a breakout had occurred, it is likely that the blockchain will continue moving north towards a resistance cluster formed by the combination of the weekly and the monthly PPs at the 170.00 mark.
Meanwhile, technical indicators suggest that the rally will continue during the following trading session.
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