ETH/USD 4H Chart: Moving towards target - Trade Pattern Ideas - Dukascopy Bank
Fri, 09 Aug 2019 05:56:45 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)
Sell
Sell
Buy
SAR(0.02;0.2)
Sell
Buy
Sell
Aggregate
⇘
⇒
⇒
The Ethereum cryptocurrency has been trading in a horizontal channel against the US Dollar since mid-July.
The currency pair reversed from the upper band of the channel at 240.03 on August 5 and gradually moving towards the lower boundary of the horizontal channel at 208.60.
Everything being equal, it is likely that the ETH/USD pair could continue moving sideways in the nearest future.
A potential upside reversal from a support level formed by the weekly S1 at 208.60 could occur during next week's trading sessions.
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