ETH/USD 4H Chart: Reveals new descending channel - Trade Pattern Ideas - Dukascopy Bank
Fri, 26 Apr 2019 04:30:16 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Buy
Sell
RSI(14)
Buy
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Sell
Neutral
Neutral
SAR(0.02;0.2)
Sell
Sell
Buy
Aggregate
⇘
⇒
⇒
The Ethereum cryptocurrency has depreciated about 20.91% against the US Dollar since April 5. The pair breached the 50-, 100– and 200-hour simple moving averages during this period.
Everything being equal, it is likely that the ETH/USD exchange rate will make a retracement towards a resistance cluster formed by the combination of the weekly and the monthly PPs at 173.3 in the nearest future.
On the other hand, the pair could continue its southern movement during the following trading session.
Meanwhile, technical indicators demonstrate that the decline might continue today.
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