ETH/USD 4H Chart: Bounces off support - Trade Pattern Ideas - Dukascopy Bank

Fri, 19 Jul 2019 05:37:15 GMT
Source: Dukascopy Bank SA
 
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)NeutralSellBuy
SAR(0.02;0.2)BuySellSell
Aggregate

The Ethereum cryptocurrency has revealed a new descending channel pattern against the US Dollar. The currency pair tested the lower boundary of the channel pattern at 195.51 on July 16.

Given that the ETH/USD pair has bounced off the bottom border of the descending channel pattern, it is likely to the pair will aim at the upper band of the channel at 284.6 next week.

However, the 50– and 100-hour SMAs could provide resistance for the pair during the following trading sessions.


Back to feed
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.