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ETH/USD 4H Chart: Breakout could occur

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralSell
Stochastic(5;3;3)BuyNeutralSell
Alligator(13;8;5)SellBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate⇘⇗⇒

[ANNOUNCE]Since January 19, the Ethereum cryptocurrency has declined by 26.73% against the US Dollar. The blockchain tested the lower boundary of an ascending channel pattern during the Asian session on Friday.[/ANNOUNCE]

As for the near future, the exchange rate could continue to edge lower. A breakout through the bottom border of the channel pattern could occur during the following trading sessions.

However, if the ascending channel pattern holds, bullish traders would pressure the ETH/USD cryptocurrency exchange rate higher during next week's trading sessions.

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