BTC/USD 4H Chart: Likely to edge lower - Trade Pattern Ideas - Dukascopy Bank
Fri, 24 May 2019 05:19:18 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Buy
Buy
RSI(14)
Neutral
Neutral
Sell
Stochastic(5;3;3)
Neutral
Neutral
Sell
Alligator(13;8;5)
Neutral
Buy
Buy
SAR(0.02;0.2)
Sell
Sell
Buy
Aggregate
⇘
⇒
⇒
The Bitcoin cryptocurrency has depreciated about 9.98% in value against the US Dollar since May 17. The currency pair tested the $8500 mark during last week's trading session.
As for the near future, it is likely that the BTC/USD pair will edge lower during the following trading sessions. The potential downside targets will be near the weekly S1 at 6951.4.
If the pair passes the support level as mentioned above, traders should look for opportunities to trade at the 6500 area.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.
To learn more about Dukascopy Bank Binary Options
/ Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Business Introducer and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.