Sentences with phrase «channel resistance»
The phrase "channel resistance" refers to the obstacles or difficulties that arise when trying to communicate or convey information through a particular channel or medium. It means that there are barriers or resistances preventing smooth and effective communication in a specific platform or method. Full definition
Only a high volume break above the falling channel resistance would signal a bearish - to - bullish trend change.
coindesk.com
Since then, the bitcoin cash bulls have made numerous attempts to scale the falling channel resistance.
For the past six weeks, the NASDAQ Composite Index ($ COMP) has been uneventfully oscillating in a sideways trading range (a 3 % range from the upper channel resistance down to lower channel support).
Alternately, a move below channel support would have us looking lower, while a move above channel resistance would have us searching for long opportunities on the daily chart.
«The stock right now is up against its upper area of channel resistance going back over the last few years.»
We'll be closely monitoring the price action of both $ QQQ and $ IWM in the coming days, as the ability or inability of these indexes to move back above their 200 - day moving averages, horizontal price resistance, and trend channel resistance may determine the tone of the broad market trend for the rest of the year.
Oh, and if you wanted to get in earlier, here's the commentary from when the EURGBP sold off from channel resistance:
Regional organisations are a key element of this world; they often channel the resistance if global governance goes too far.
A break above the falling channel resistance around $ 1,115 would validate the bullish doji reversal and oversold RSI, and would open up upside towards $ 1,400.
Of course, $ XBI is also in play for buy entry on a breakout above the upper channel resistance (above $ 67 area).
The previous day's bullish outside day candle adds credence to Friday's bullish hammer candle and suggests BCH will likely see an upside break of the bull flag pattern (seen in 1 - hour chart) and move towards the falling channel resistance of $ 1,200.
However, the angle of its upper channel resistance is still pretty flat (just like $ DIA).
NZDUSD is testing major channel resistance at 0.6936 (Fibonacci retracement, Fibonacci extension, price action, channel resistance) and a strong drop could occur at this level to push prices all the way down to major support at 0.6852 (Fibonacci extension, horizontal swing low support).
As long as the channel resistance holds, the price action from 1.0132 is treated as consolidation of downtrend and one more fall below 1.0132 is still poss...
Another rise to test the upper border of the rising price channel on 4 - hour chart is possible later today, as long as the channel resistance holds, downtrend is expected to resume and one more fall towards 1.0206 previous low could be seen.
However, a clear break above the channel resistance will indicate that the fall from 1.0852 has completed at 1...
Rise towards the upper border of the falling price channel is expected later today, and a clear break above the channel resistance will indicate that the downtrend from 1.0507 has completed, then another rise to 1.0800 could be seen.
The profit target on the other hand, which was channel resistance, was approximately 420 pips away.
However, as the chart shows, the resistance proved a tough nut to crack and the BCH / BTC pair ended up creating lower highs along the channel resistance.
A daily close (as per UTC) above the falling channel resistance (currently seen at $ 1,520) would signal the rally from the Feb. 6 low has resumed.
As long as the price is below the channel resistance at $ 600, it may continue to decline.
The channel resistance is now near the 50 % Fib retracement level of the last drop from the $ 660 high to $ 520 low.
On the upside, the channel resistance is near $ 6460.
The channel resistance is located around $ 10,500 at which take - profit orders might be located.