ETH/USD 4H Chart: Tests 38.2% Fibo - Trade Pattern Ideas - Dukascopy Bank

Fri, 07 Jun 2019 05:11:41 GMT
Source: Dukascopy Bank SA
 
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellBuyBuy
SAR(0.02;0.2)BuySellBuy
Aggregate

The Ethereum cryptocurrency has depreciated about 17.15% in value against the US Dollar since May 30. The decline was stopped by a support level formed by the 38.2% Fibonacci retracement level at 249.9.

If the support line formed by the 38.20% Fibonacci retracement level holds, a surge towards the 295.4 could be expected during the following trading sessions. 

However, if the ETH/USD cryptocurrency breaks the support line as mentioned above, a decline towards a support cluster formed by the 200-hour SMA and the 50.00% Fibo will be the short-term target.


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