ETH/USD 4H Chart: Likely to edge lower - Trade Pattern Ideas - Dukascopy Bank
Fri, 14 Jun 2019 06:13:48 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Sell
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Sell
Sell
Buy
Aggregate
⇒
⇒
⇗
The ETH/USD pair has appreciated about 15.24% in value since last week's trading sessions. The cryptocurrency breached the 23.60% Fibonacci retracement level at 264.0.
Everything being equal, it is likely that the Ethereum cryptocurrency will edge lower during the following trading sessions. Bears could drag the pair towards the lower boundary of an ascending trendline at 239.7.
On the other hand, if the pair passes the 23.60% Fibonacci retracement level, the next target for bullish traders would be at the weekly R2 at 290.9.
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