ETH/USD 4H Chart: Upside momentum likely to continue - Trade Pattern Ideas - Dukascopy Bank
Fri, 21 Jun 2019 05:38:42 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
Neutral
Neutral
Alligator(13;8;5)
Buy
Buy
Buy
SAR(0.02;0.2)
Buy
Buy
Buy
Aggregate
⇗
⇗
⇗
Ethereum cryptocurrency has appreciated about 12.16% in value against the US Dollar since June 14. The currency pair was supported by the 50-hour simple moving average and the 23.60% Fibonacci retracement level at 264.8.
By and large, it is likely that the ETH/USD currency pair will make a pullback towards a support level formed by the 23.60% Fibonacci retracement level during the following trading sessions.
However, technical indicators suggest that the currency exchange rate might continue its bullish momentum in the short term.
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