ETH/USD 4H Chart: Stranded between SMAs - Trade Pattern Ideas - Dukascopy Bank
Fri, 05 Jul 2019 05:43:52 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Buy
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Sell
Buy
Buy
SAR(0.02;0.2)
Sell
Sell
Buy
Aggregate
⇘
⇒
⇗
The Ethereum cryptocurrency has been depreciating against the US Dollar since June 26 after the pair could not surpass the resistance level formed by the weekly R1 at 357.03.
As apparent on the (4H) chart, the ETH/USD is stranded between SMAs during the morning hours of Friday's trading session.
Technical indicators flash sell signals on the smaller time frame, therefore, a southern breakout might occur within this session.
However, if the support level formed by the 200-hour simple moving average holds, bulls could push the cryptocurrency towards the 357.03 area during next week's trading sessions.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.
To learn more about Dukascopy Bank Binary Options
/ Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Business Introducer and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.