ETH/USD 4H Chart: Stranded between SMAs - Trade Pattern Ideas - Dukascopy Bank
Fri, 04 Oct 2019 05:22:52 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Buy
Sell
Sell
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Neutral
Sell
Sell
SAR(0.02;0.2)
Sell
Sell
Sell
Aggregate
⇒
⇘
⇘
Since September 20, the ETH/USD currency pair has depreciated about 30.7% in value. The decline began after the pair reversed from a one-month high level at 230.8. The exchange rate is currently stranded between the 200– hour SMA at 187.40 and the 50– hour SMA at 176.29.
From a theoretical point of view, the Ethereum cryptocurrency will most likely continue to fall against the US Dollar during the following trading sessions. The potential target for the exchange rate would be at 148.30.
However, the 50– period simple moving average at 176.2 could provide support for the currency pair during next week's trading session.
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