ETH/USD 4H: could edge higher - Trade Pattern Ideas - Dukascopy Bank

Fri, 15 May 2020 06:03:57 GMT
Source: Dukascopy Bank SA
 
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuySellSell
Aggregate

The Ethereum cryptocurrency has surged by 13.58% against the US Dollar since this week's trading sessions. The exchange rate was pressured higher by the 200– period simple moving average during this week.

As for next week's trading sessions, the ETH/USD currency pair could continue to edge higher. The possible target for bullish traders would be at the psychological level at 225.00 area.

However, the weekly resistance level at 208.26 could provide resistance for the cryptocurrency exchange rate in the short-term.


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