| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The Ethereum cryptocurrency has revealed a new junior descending channel pattern against the US Dollar. The pair is currently trading near the upper boundary of the channel pattern at 138.0.
Given that the ETH/USD pair is near the upper band of the junior descending channel, a breakout could be expected within this session.
Although, a resistance cluster formed by the combination of the 50– and 100-hour SMAs at 138.0 could hinder the breakout.
Moreover, technical indicators flash sell signals on the 4(H) time frame chart.