Sentences with phrase «by bullish momentum»
The logic behind this approach comes from the fact that the previously bearish sentiment is overextended and is being overcome by bullish momentum.
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By the first or second week of November, we should have a pretty good idea as to whether or not persistent bullish momentum will at least carry itself through the end of the year.
Today, we follow - up that analysis by examining in more detail the increasing bullish momentum in the financial sector.
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.
The logic behind this approach comes from the fact that the previously bullish sentiment is now being «overshadowed» by bearish momentum, and prices are likely to continue lower.
The cryptocurrency maintained its bullish momentum on Thursday, with most major currencies trading up by more than 3 percent on the day.
This current rally is fueled by bullish comments from the new CEO, day traders who follow momentum (look at the recent rise in volume in the first graph, and short sellers buying in their positions.
Although most major coins are well off recent swing lows, upside momentum has been capped by technical barriers limiting the bullish breakout.