ETH/USD 4H Chart: Bounces off support - Trade Pattern Ideas - Dukascopy Bank
Fri, 19 Jul 2019 05:37:15 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Neutral
Sell
Buy
SAR(0.02;0.2)
Buy
Sell
Sell
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.
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