BTC/USD 4H Chart: Likely to edge lower - Trade Pattern Ideas - Dukascopy Bank
Fri, 15 Nov 2019 07:13:05 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
Neutral
Neutral
SAR(0.02;0.2)
Sell
Sell
Sell
Aggregate
⇘
⇘
⇒
The Bitcoin cryptocurrency has depreciated about 12.59% in value against the US Dollar since October 27. The exchange rate breached the 200– period simple moving average during yesterday's trading session.
As for the near future, the BTC/USD cryptocurrency will likely edge lower during next week's trading sessions. The possible target will be near a support cluster formed by the weekly S3 and the monthly S1 at 7759.1.
If the support cluster holds, a potential upward reversal could occur during the following trading sessions.
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