ETH/USD 4H Chart: Could edge lower - Trade Pattern Ideas - Dukascopy Bank
Fri, 13 Dec 2019 06:32:52 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Sell
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Sell
Sell
Sell
SAR(0.02;0.2)
Buy
Buy
Sell
Aggregate
⇒
⇒
⇘
The Ethereum cryptocurrency traded sideways against the US Dollar during last week's trading sessions. The currency pair has been trading between the range of 155.6/142.6 zones since December 1.
All things being equal, the 50– and 100– period simple moving averages could pressure the ETH/USD pair lower during the following trading sessions. The potential target will be near the 130.00 area.
However, the weekly S2 at 142.63 could provide support for the pair and drive the cryptocurrency exchange rate towards the 164.60 marks during next week's trading sessions.
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