Sentences with phrase «bullish trend line in»
There is a crucial bullish trend line in place with support near $ 1,360 on the hourly chart of the BCH / USD pair (data feed from Kraken).
https://www.newsbtc.com/ Not exact matches
When you learn how to interpret subsequent price action that follows the touch of a 20 - EMA, this stellar indicator can be used by swing traders as the proverbial «line in the sand» for knowing whether or not a trend is maintaining very bullish momentum.
So, there are still two possible future scenarios - bearish that will lead us below February low following trend line breakdown, and the bullish one in a form of medium - term double top pattern or breakout towards 3,000 mark.
To determine a bullish trend, draw a line connecting price lows over the period in question.
In addition, it is also where a long - term bullish trend line comes into play.
Moreover, the MACD indicator is exhibiting a powerful bullish signal, as it values around 122 at the moment and the blue positive trend line is above the red negative trend line and both of them are sloping in an upwards direction.
The RSI on the daily timeframe is trending lower but near the mid line and holding in a bullish range while the MACD is continuing lower.
Again, we had an up TREND / bullish market bias, a clear key LEVEL and then a clear pin bar buy SIGNAL formed in - line with the uptrend and the level.
Price action can't break the blue line as it would signify that market is still in a bullish trend.
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
Yesterday's bullish trend line with current support near $ 450 on the hourly chart of BCH / USD (data feed from Kraken) is still in place.