BTC/USD 4H Chart: Consolidates above 200-hour SMA - Trade Pattern Ideas - Dukascopy Bank
Fri, 07 Jun 2019 05:10:05 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
Buy
Neutral
Alligator(13;8;5)
Sell
Neutral
Buy
SAR(0.02;0.2)
Sell
Sell
Buy
Aggregate
⇘
⇒
⇗
The BTC/USD exchange rate has depreciated about 17.16% in value since May 29. The decline was stopped by a support level formed by the 200-hour simple moving average at 7619.4.
The cryptocurrency consolidated above the 200-hour SMA during the past 72 hours of trading.
If the Bitcoin cryptocurrency passes the support level as mentioned above, a decline towards the weekly S1 at 6191.8 could be the next target in the short term.
On the other hand, if the 200-hour SMA holds, bulls could push the pair towards the weekly R1 at 9234.4 in the nearest future.
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