Sentences with phrase «broken support levels»

If the asset breaks the support level then we should see a further decline in the asset's value.

If the asset does not break the support level then we see a failure double top.

The cryptocurrency market continued lower on Thursday, as bitcoin approached a make - or - break support level that threatened to expose a bigger correction.

The cryptocurrency market continued lower on Thursday, as bitcoin approached a make - or - break support level that threatened to expose a bigger correction.

The price traded lower to break support levels at $ 1,250 and 1,220 respectively.

Price broke the support level at $ 140 which brought price to its low at $ 111.80 on Friday 30, 2018.

Yesterday Bitcoin price broke its support level of $ 4000 and dipped to $ 3600.

As we can see in the H4 chart, after breaking the support level, USDCAD has formed several Hammer reversal patterns and right now is being corrected again.

The currency experienced substantial losses in price Yesterday but managed to bounce back before breaking the support level $ 1,020.

Not exact matches

But the recent bounce in the dollar shows that it has broken the downtrend line and is actually finding a key level of technical support around the 90.00 level.

If that support level breaks down, a retest of 10 - year's election - night close of 1.85 % wouldn't be too far away.

When the stock broke out to the upside in 2017 every time it pulled back that $ 300 level provided nice support, it dipped a little below that last week and it's starting to hold it again,» said Maley.

We use the ANTSYSS trade method to extract good returns from the potentially fast fall when the consolidation support level is broken.

«Yesterday as the exchange hack developed, bitcoin broke a key technical level that led to a collapse to its next support level [around] $ 9,400,» he said.

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.

Instead, we prefer to wait for the first subsequent bounce into new resistance of the prior support level (prior support always becomes new resistance after the support is broken).

Our second scenario was to sell short $ GLD if / when it simply broke down below the obvious and very important level of support at the $ 150 area.

Remember that a prior level of resistance becomes the new level of support, after the resistance is broken (technical analysis 101).

Commodity currencies were hit hard overnight with the Australian dollar breaking below a key support level at $ 0.8983 to reach a six - month low of $ 0.8951.

One of the most basic tenets of technical analysis is that a prior level of resistance becomes the new level of support after the resistance is broken (and vice versa).

If there is a break under the 10k mark this could mean a bigger decline in price, because the next strong support level is at 8,000 $.

The trading will be volatile between the 1.70 $ and the 1 $ mark, until we see a break out over the higher support level.

This is exactly the type of price action we actually like to see during periods of consolidation, as it serves to shake out the «weak hands» who typically sell when stocks and ETFs break obvious technical levels of price support.

However, last week, price broke down through the key support of the range near 1.2150, ending the week below that level, effectively dismantling the trading range and giving control back to the bears, at least for now.

As it turned out, price broke through the level we had slated as in term support instead, and this got us in short instead of long... It's getting a bit frustrating.»

After this break, the support level becomes a resistance level.

Conversely, if price breaks below support, a close below this level will put us short towards 625.»

The bears controlled the market during the Easter long weekend, as bitcoin fell toward $ 6,400 and Ethereum broke below the key $ 400 support level.

Ethereum is testing the support zone around the $ 400 level after today's break - down, and the coin remains the weakest major from a short - term perspective.

History suggests that higher rates may actually be a good thing, and should the 10 - year Treasury yield break above the psychologically important 3 % level, the equity bull market may garner further support.

... expect the market to continue to bounce around without breaking any major support levels or blasting through resistance levels.»

I'm not involved in corn, but I do believe prices are headed higher as we have major support around the 3.73 level, but for the bullish momentum to continue, we have to break the 3.95 area.

Thr declining trend is still intact, but a break above it could open up the way towards the $ 100 and $ 125 levels, with support still found at $ 80 and $ 68.

The price broke a few important support levels such as 0.070 BTC and 0.068 BTC and settled below the 100 simple moving average (4 - hours).

One of those is iShares Philippines ($ EPHE), which just broke out to a new all - time high and has pulled back to new support of its breakout level.

One of the most basic tenets of technical analysis is that a prior level of resistance becomes the new level of support, after the resistance is broken.

A break of the 8070 level would increase the odds of a pullback to a very strong support level around 8000.

Ethereum broke many support levels on the way down.

On the way down the final support level for Ripple is at 0.60 $ and if broken we may see catastrophic events for the currency.

The 50 % level was a key resistance level and was broken last week, so it could now act as support.

However, after failing to rise above $ 70 for the past three days, prices have now broken down of the support levels.

The 23.6 % level was broken last week and could now act as support.

If the 5 - year uptrend line is broken, the next major support level would be found around $ 70, which is the last big base of price consolidation.

A break down to the next key support level can be at 6000 $ levels and will be a new all - time low.

If this support breaks, the cryptocurrency can slide to the support line of the descending channel at $ 0.1 levels.

While a break - out above the formation is likely in the coming weeks, a correction in Bitcoin could still lead to a test of the $ 265 support, although continued range trading is more likely around the $ 300 level.

So while stocks stayed flat anticipating the Fed's next move, the SSTI spotted that silver had broken a key support level and dropped out of a pattern called a descending triangle.

We issued a bearish call on PKW in WILTW July 30, 2015, and, while the ETF's price has risen marginally since then, its relative strength has been abysmal, and appears perilously close to breaking down below its post-Brexit support level.

We can see the 0.7406 level was previous support that was broken; price subsequently reclaimed this level and pushed up through it, which was an important event.

The break above or the break below previous support and resistance levels can often trigger new buying or selling.