ETH/USD 4H Chart: Bullish momentum to continue - Trade Pattern Ideas - Dukascopy Bank

Fri, 21 Feb 2020 06:51:20 GMT
Source: Dukascopy Bank SA
 
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)SellBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate

The Ethereum cryptocurrency has been trading bullish against the US Dollar since the beginning of February. The exchange rate has surged by 57.28% in value during this period.

Everything being equal, the ETH/USD pair will most likely continue to trade bullish until a breakout occurs through the upper boundary of an ascending channel pattern.

However, the cryptocurrency exchange rate is likely to make a brief downside retracement towards a support cluster at the 218.8 during the following trading sessions.


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