ETH/USD 4H Chart: Set for breakout - Trade Pattern Ideas - Dukascopy Bank
Fri, 22 Mar 2019 07:23:37 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Buy
Sell
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Sell
Buy
Sell
SAR(0.02;0.2)
Sell
Buy
Buy
Aggregate
⇘
⇗
⇒
Ethereum cryptocurrency continued to edge higher against the US Dollar since last week. The pair was guided by the 50– hour simple moving average during the previous week's trading session.
From a technical point of view, the cryptocurrency is likely to continue its upside risk. The potential target for the ETH/USD pair will be at the 150 mark during the following trading sessions.
However, given that the blockchain is near a support level formed by the lower boundary of an ascending channel pattern, a breakout could be expected within this session.
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