BTC/USD 4H Chart: Hits $5400 mark - Trade Pattern Ideas - Dukascopy Bank
Fri, 05 Apr 2019 05:26:19 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Sell
RSI(14)
Neutral
Sell
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Sell
Alligator(13;8;5)
Buy
Buy
Sell
SAR(0.02;0.2)
Sell
Buy
Buy
Aggregate
⇒
⇗
⇘
The Bitcoin cryptocurrency has appreciated about 30.15% against the US Dollar since last week's trading session. The pair reached the $5400 mark during yesterday's trading session.
As for the near future, it is likely that the BTC/USD exchange rate makes a retracement down towards the $4600 area.
However, it is important to note that a support level formed by the weekly R3 at 4718.6 could provide support for the pair during the following trading sessions.
If the support level holds, the rate might aim for a re-tests of the $5400 mark in the short-term.
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