BTC/USD 4H Chart: Buy signals - Trade Pattern Ideas - Dukascopy Bank

Fri, 15 May 2020 06:02:24 GMT
Source: Dukascopy Bank SA
 
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyNeutral
SAR(0.02;0.2)BuyBuyBuy
Aggregate

The Bitcoin cryptocurrency has surged by 18.99% against the US Dollar since this week's trading sessions. The exchange rate was guided by an ascending channel pattern.

Technical indicators suggest buying signals on both the smaller and the larger time-frame charts. Therefore, the BTC/USD currency pair could continue to surge in the ascending channel pattern during next week's trading sessions.

However, the weekly resistance level at 9726.6 could provide resistance for the cryptocurrency exchange rate in the shorter term.


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