ETH/USD 4H Chart: Breaches 50-hour SMA - Trade Pattern Ideas - Dukascopy Bank
Fri, 24 May 2019 05:20:47 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Sell
Buy
Neutral
SAR(0.02;0.2)
Sell
Sell
Buy
Aggregate
⇘
⇒
⇗
The Ethereum cryptocurrency depreciated about 12.09% in value against the US Dollar during last week's trading session. The pair breached the 50-hour simple moving average.
Everything being equal, it is likely that the cryptocurrency could aim for a support cluster formed by the monthly R2 and the 61.80% Fibonacci retracement level at 213.7 during the following trading sessions.
If the support cluster holds, bullish traders could push the ETH/USD cryptocurrency towards the $300 mark in the short-term.
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