ETH/USD 4H Chart: Near 180.54 - Trade Pattern Ideas - Dukascopy Bank

Fri, 01 Nov 2019 06:55:45 GMT
Source: Dukascopy Bank SA
 
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)NeutralBuySell
SAR(0.02;0.2)SellBuySell
Aggregate

The ETH/USD cryptocurrency has appreciated about 23.22% in value since October 23. The exchange rate breached the 50-, 100– and 200– period SMAs during last week's trading sessions.

Currently, the currency pair is trading near a support cluster formed by the 50-, 100– and 200-period simple moving averages and the combination of the weekly and the monthly PPs at 180.63.

If the support cluster holds, bullish traders will continue to drive the Ethereum cryptocurrency higher within this week's trading session.

However, if the pair breaks the support level, a decline towards the 170.8 area could be expected next week.


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