Stories about SEC demanding online tradition platforms to be regulated as exchanges and Japanese regulators coming down heavily on local cryptocurrency operators sent most virtual coins
below crucial support levels.
LTC has been declining steadily after breaking
below the crucial support level at $ 200.00.
Ethereum Classic broke
below crucial support today in early trading, and that means that it re-entered its prior trading range.
Even though bitcoin price dropped for around $ 263
below this crucial support level, price rose above it during the next trading session and a «bullish engulfing» pattern was formed signaling reversal of the downtrend.
Not exact matches
As for an entry point, it is
CRUCIAL to understand that we rarely enter stocks or ETFs on the short side as they are breaking down
below obvious levels of
support.
Technicals: Price action settled
below first key
support as we head into the most
crucial piece of data this week.
The DAX spiked
below 12,000 on Friday but it recovered above that and the
crucial support near 12,150 today.
Crucial support levels are still just
below the current price between $ 250 and $ 260, at $ 125 and $ 100, with a weaker zone at near the $ 170 level.
I think the «problem» of renewables being subsidised and introduced past the point where it's intermittency becomes an issue misrepresents the complex political problems nuclear has and with RE passing
below crucial cost thresholds I expect specific
support mechanisms to be scaled back - and yet expect RE will still continue to grow on it's own market competitive merits.
There was a break
below a
crucial bullish trend line with
support at $ 10,800 on the 4 - hours...
There was a break
below a
crucial bullish trend line with
support at $ 10,800 on the 4 - hours chart of the BTC / USD pair (data feed from SimpleFX).
The digital currency first hit a 5 - week high above $ 340 on Saturday, thanks to the positive prospects of the fork, but it pulled back today to trade back
below the
crucial $ 330
support / resistance line.
It seems like a close
below the USD 500
support was
crucial and the price is now placed well into a bearish zone.