Volumes may rise sharply as soon as Bitcoin sees a convincing break
above the key resistance.
It awaits to be seen if the momentum is strong enough, to push NEO
above the key resistance level.
Litecoin and Monero are the two most bullish majors, rising
above key resistance levels at $ 44 and $ 46 respectively.
With the rising short - term trendline now broken traders should watch the support levels found at $ 10,500, $ 10,000 for reversals with the lie - in - the sand zone still being between $ 9000 and $ 9200, while
above the key resistance zone between $ 11,300 and $ 11,750, the main targets are at $ 13,000 and $ 14,250.
While the cryptocurrency has spent the better part of the last 42 hours above $ 11,000, a convincing break
above the key resistance level of $ 11,600 (inverse head - and - shoulders neckline) has remained elusive amid lighter trading volumes.
After dipping to lows of $ 5.15 in the recent past, EOS price has begun an upside momentum and has already broken
above key resistance levels at $ 5.500 and $ 5.800 respectively.
This was a major resistance level and selloffs are normal following an initial attempt to break
above key resistance.
Big upside volume helped boost the price
above key resistance levels in the $ 470 - $ 475 range and then over the November high of $ 500.
However, if we extended our perspective, we would have noticed that price failed to rise
above a key resistance that sent prices down below the SMA earlier.
For example, if USD / JPY breaks out
above a key resistance area, it means that traders are selling off their JPY.
In the chart below, we can see that the breakout was clean and significant since it closed well
above the key resistance at 1.5260, indicating that more upside is possible in this market.
If QQQ moves
above this key resistance level, there is still additional horizontal price resistance at $ 67.70 and $ 68.60 (the dashed black lines on the chart below).
We still expect a rally
above the key resistance zone near $ 0.22 level soon as the effects of the broad correction wane.
The recent high - volume breakout
above key resistance at the $ 55.50 level, followed by lighter volume consolidation, means that a volume - fueled move above the three - day high of $ 58.00 could present a near - term buying opportunity in this ETF:
After several days of encouraging price action, the NASDAQ Composite edged back
above key resistance of its 20 and 50 - day moving averages, while the benchmark S&P 500 simultaneously marginally rallied to a fresh all - time high.
Not exact matches
Steep market sell - offs trapped bulls
above a
key level of
resistance this week, according to one technician.
On the longer - term weekly chart below, notice that $ XOP has also just broken out
above key horizontal price
resistance of its prior high from September of 2012, which should further spark bullish momentum from here:
On the weekly chart of $ GLD below, notice that the ETF attempted to break out
above key horizontal price
resistance in October 2012, but was unable to do so.
There was also a break
above a
key bearish trend line with
resistance at $ 0.8750 on the hourly chart of the XRP / USD pair.
Key Highlights Ripple price recovered nicely and moved
above the $ 0.8100
resistance against the US dollar.
Technicals: Price action has nudged out
above first
key resistance at 1339.6 - 1340.2, we must now see... Please sign up for a Free Trial at Blue Line Futures to view our entire technical outlook and proprietary bias and levels.
After $ GDXJ pops back
above its 20 - day EMA (
above the $ 27.60 area), buyers should step in due to break of
key moving average
resistance, as well as a break of the downtrend line from the January high.
Key Highlights Ripple price is gaining pace and it recently moved
above the $ 0.2050
resistance against the US Dollar.
Key HighlightsETH price is trading higher and it recently broke the $ 700 resistance against the US Dollar.There was a break above yesterday's highlighted key bearish trend line with resistance at $ 685 on the hourly chart
Key HighlightsETH price is trading higher and it recently broke the $ 700
resistance against the US Dollar.There was a break
above yesterday's highlighted
key bearish trend line with resistance at $ 685 on the hourly chart
key bearish trend line with
resistance at $ 685 on the hourly chart...
Key HighlightsETH price started an upside move and recovered
above the $ 640
resistance against the US Dollar.There is a major bearish trend line forming with
resistance at $ 674 on the hourly chart of ETH / USD (data...
Key PointsBitcoin cash price started a recovery and traded above the $ 1,300 level against the US Dollar.There is a key connecting bearish trend line forming with resistance at $ 1,365 on the hourly chart of the
Key PointsBitcoin cash price started a recovery and traded
above the $ 1,300 level against the US Dollar.There is a
key connecting bearish trend line forming with resistance at $ 1,365 on the hourly chart of the
key connecting bearish trend line forming with
resistance at $ 1,365 on the hourly chart of the...
Key HighlightsRipple price recovered nicely and moved above the $ 0.8100 resistance against the US dollar.There was a break above a key bearish trend line with resistance at $ 0.8200 on the hourly chart of the XRP / USD
Key HighlightsRipple price recovered nicely and moved
above the $ 0.8100
resistance against the US dollar.There was a break
above a
key bearish trend line with resistance at $ 0.8200 on the hourly chart of the XRP / USD
key bearish trend line with
resistance at $ 0.8200 on the hourly chart of the XRP / USD...
On May 27, the NASDAQ Composite jumped 1.2 %, but that rally put the index right at
key resistance of the top of the «left shoulder» shown on the topping pattern that is in play on the chart
above.
Key Highlights ETH price jumped higher sharply and moved
above the $ 780
resistance level against the US Dollar.
Key HighlightsRipple price struggled to move
above the $ 0.8900 and $ 0.9000
resistance levels and moved down against the US dollar.There is a major...
Key HighlightsETH price jumped higher sharply and moved
above the $ 780
resistance level against the US Dollar.There is an ascending channel forming with...
Yesterday, SMN gained 2.8 % and SRS rallied 1.9 %, as both ETFs broke out
above key horizontal price
resistance levels.
Key Points Bitcoin cash price struggled to move
above the $ 1,500
resistance and moved down against the US Dollar.
Key HighlightsETH value jumped increased sharply and moved
above the $ 780
resistance degree towards the US Dollar.There is an ascending channel forming with help at $ 760 on the hourly chart of ETH / USD (information feed through Kraken).
Key PointsBitcoin price rocketed higher and moved
above a major
resistance at $ 8,500 against the US Dollar.There is a connecting bullish trend line forming...
The most obvious stop loss placement on that pin bar would have been just
above its high which was also the
key resistance through $ 93.65 area.
After a false break
above bearish trend line
resistance last week, the pair has dropped back down to test
key support in the mid - 1.3000 s ahead of tomorrow's high - impact U.S. data releases.
That said, the currency found support
above the February lows, and although the declining trend is still intact long - term investors could accumulate the coin here, with
resistance ahead at $ 140, $ 150 and in the
key $ 170 - $ 180 zone.
While $ UUP broke down below
key support levels over the past two weeks, $ FXY conversely broke out
above resistance to a new 5 - month high and has formed another «higher high» and «higher low.»
Ethereum Classic is breaking - out of a long - term trading range as we speak, and it quickly surged past the $ 18
resistance level, after leaving behind the
key short - term level just
above $ 16.
In the
above chart, not only could have we traded the pin bar sell signal from the
key resistance level / event area, but on the subsequent test of that event area, we could have taken what I call a «blind entry» at the event area.
Many stops are placed a certain percentage under
key support levels or
above resistance levels because if broken by too much the trade may be wrong.
To further this point, you wouldn't want to trade this pattern with a
key resistance level just
above it.
The most obvious stop loss placement on that pin bar would have been just
above its high which was also the
key resistance through $ 93.65 area.
Unless you've been trading
key support and
resistance levels for a while, the GBPNZD daily chart
above should seem very typical.
USDCHF broke
above 1.0218
key resistance USDCHF broke
above 1.0218
key resistance and formed a short term cycle bottom at 1.0132 level on 4 - hour chart.
Key resistance is located at 1.0337,
above this level will indicate that the fall from 1.1021 has completed at 1.0032 level already, then the following uptrend could bring price back to 1.0800 area.For long term analysis, U...
Key resistance is located at 1.0338, only break
above this level will indicate that the longer term downtrend from 1.1021 (June 24 high) has completed at 0.9917 already.
A bull trap forms after a move higher, the amateurs who were on the sidelines watching a recent strong move unfold can not take the temptation anymore, and they jump in just
above or at a
key resistance level since they feel confident the market now has the momentum to break
above it.
Key Points Bitcoin cash price is gaining pace and it recently moved
above the $ 680
resistance against the US Dollar.