BTC/USD 4H Chart: Guided by 200-hour SMA - Trade Pattern Ideas - Dukascopy Bank
Fri, 14 Jun 2019 06:12:11 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Sell
Stochastic(5;3;3)
Neutral
Sell
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Sell
Buy
Aggregate
⇗
⇒
⇗
The 200-hour simple moving average is gradually guiding the Bitcoin cryptocurrency up against the US Dollar. The pair reached the 8224.4 area during yesterday's trading session.
As for the near future, it is likely that the BTC/USD pair will continue its movement in an uptrend line. The cryptocurrency could aim for a re-test of the $9000 mark during the following trading sessions.
However, a resistance level formed by the weekly R1 at 8561.87 could hinder the pair from aiming for the $9000 mark in the nearest future.
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