BTC/USD 4H Chart: Testing support cluster at 1129.5 - Trade Pattern Ideas - Dukascopy Bank
Fri, 12 Jul 2019 05:26:26 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Buy
Buy
RSI(14)
Neutral
Neutral
Sell
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Sell
Buy
Buy
SAR(0.02;0.2)
Sell
Buy
Buy
Aggregate
⇘
⇗
⇗
The BTC/USD currency pair appreciated about 19.21% in value during last week's trading sessions. The pair was guided up by the 50– and 100-hour simple moving averages.
Currently, the Bitcoin cryptocurrency is testing a support cluster formed by the weekly and the monthly PPs at 1129.5.
If the support cluster holds, a surge towards the 14406.6 is likely to occur during next week's sessions.
However, if the exchange rate passes the cluster as mentioned above, the blockchain might continue to edge lower in the nearest future.
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