A quality 1 hr pin bar sell signal formed at a confluent intra-day resistance level and in the direction of
the bearish momentum on the daily chart.
• These inside bar strategies were with the dominant
bearish momentum on the daily chart and provided excellent risk reward ratios to re-join the downtrend.
Not exact matches
Key PointsBitcoin cash price gained upside
momentum and broke a major resistance at $ 1,500 against the US Dollar.Yesterday's highlighted key connecting
bearish trend line with resistance at $ 1,370 was breached
on the hourly chart of...
On the other hand, the price zone of 1.3370 - 1.3400 remains a significant support zone to be watched for valid buy entries if the current
bearish momentum persists below the mentioned key level (1.4100) and 1.4000 (a prominent Weekly Support).
A tail
on a bullish pin bar signals bullish
momentum whereas a tail
on a
bearish pin bar signals
bearish momentum.
The bears have gained downside technical
momentum and are
on the verge of producing a
bearish downside «breakout» from the sideways and choppy trading range as depicted by the support and resistance lines seen
on the chart.
Indeed we propose a simple model of the price dynamics in which the return growth depends
on three components: a) a
momentum component, naturally justified in terms of agents» belief that expected returns are higher in bullish markets than in
bearish ones; b) a fundamental component proportional to the log earnings over price ratio at time zero.
If a spring green upward pointing arrow of the SimpleMovingAveragesSignals.ex4 custom indicator positions below the candlesticks as depicted
on Fig. 1.1,
bearish momentum is said to be halting, hence an exit or take profit is highly recommended.
Either price is consolidating for a greater move in general, or, this represents a
bearish divergence showing a higher highs in price
on lower volume, which would suggest weakening bullish
momentum.
The hard fork
on Monero (XRM) is expected to take place around mid-March as XRM struggles in a
bearish momentum for over a week now.
The downside
momentum visible
on the hourly chart may transform into a
bearish run if $ 500.00 support is broken.
The Litecoin price is seen up around 5 %
on Tuesday, enjoying some time out of the strong
bearish momentum, that has been dominating the crypto market over the past few weeks.
Stochastic is
on the move down to confirm that
bearish momentum is present, but the oscillator is also nearing oversold conditions so seller exhaustion could come around soon.
Bitcoin Cash is now trading below the 100 - simple moving average
on the intraday chart to show that the short - term
momentum could remain
bearish.
The Bitcoin Cash price is nursing some losses of around 5 % In trading
on Wednesday, the price
momentum is continuing with a firm
bearish trend.
The post Bitconnect Coin Technical Analysis for 10/23/2017 — More
Bearish Momentum appeared first
on Bitcoin Network, News, Charts, Guides & Analysis.