Sentences with phrase «bullish channel support»
«Bitcoin price staged a strong rally to break past the short - term channel top and aim for the longer - term resistance... Buyers are taking control of bitcoin price action... Moving averages are in line with the 4 - hour bullish channel support at $ 610, adding to its strength as a floor.
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«Bitcoin price staged a strong rally to break past the short - term channel top and aim for the longer - term resistance... Buyers are taking control of bitcoin price action... Moving averages are in line with the 4 - hour bullish channel support at $ 610, adding to its strength as a floor.
Not exact matches
On the chart below, notice that the Select Sector Financial SPDR ETF ($ XLF), a highly traded ETF proxy for the overall financial sector, fell 3.3 % yesterday, while convincingly breaking below its prior swing low, 50 - day moving average, and lower channel support of its bullish «pennant» in the process:
The weekly view shows SPY at the top of the rising channel but with support for more upside from a rising and bullish RSI and a MACD that is positive and growing.
Prices recognized a strong support area at $ 600, and while bullish consensus gets stronger on the idea of higher quotes, the action is going back to the old trend line channel started in 2013.
Also read: Antshares Raises Millions in ICO, Partners with Microsoft Bitcoin Price Technical Analysis Long - Term Analysis Prices recognized a strong support area at $ 600, and while bullish consensus gets stronger on the idea of higher quotes, the action is going back to the old trend line channel
Only an end - of - day close below the rising channel support (seen today at $ 5,690) would signal a short - term bullish - to - bearish trend change.
A fall and close below the channel support and the 20 - day exponential moving average (EMA) will invalidate our bullish view.