Sentences with phrase «current downtrend»

It's been a very eventful week for the cryptocurrency market, which saw Bitcoin -LRB--17.5 % week - on - week) which shot up to $ 7800 on Wednesday before beginning its current downtrend to the current price levels of around $ 6129 as of publishing this article.

«I think we'd need to get above $ 400 for some time to consider the current downtrend ended,» Schlaefer said.

In spite of the current downtrend, the cryptocurrencies have the massive potential of unleash tremendous financial growth which just can not be ignored.

OEW analysis continues to indicate that the current downtrend may have bottomed, but price action remains choppy and hasn't given the all clear yet.

This cross called as a signal line cross is usually an indication of the reversal of the current downtrend.

Not exact matches

A breakout above the high of the current range should lead to a breakout above the monthly downtrend line:

Another reason we would first like to see a minor price retracement from current levels before buying is that the long - term monthly chart interval shows us that $ GLD is actually running into resistance of its downtrend line from its September 2011 high:

Once this happens, it indicates a possible reversal from the current short - term downtrend.

A clear result of the upward trend in consumers» share of GDP (Chart 4) and declining saving rate for a quarter - century has been the downtrend in the foreign trade and current account balances.

If price action breaks above current session highs in an uptrend OR breaks below current session lows in a downtrend from that 2 pm EST zone, expect a strong continuation of the directional trend into the final hour and / or closing bell.

The current leg of this new downtrend extends from the January 13th high, and has formed a valid bearish resistance trendline.

Pullbacks occur during uptrends and downtrends in the form of temporal reversals from the current trend.

The current cold side of the AMDO is just getting started and while there is not yet any downtrend at all it still has another 20 - 30 years to develop one.

Given the current Bitcoin price trend, altcoins will suffer from a similar downtrend too.

The current pullback is likely to face resistance between $ 1150 and $ 1325 levels, from the 20 - day EMA and the downtrend line.

This week, the cryptocurrency market had a strong downtrend that brought down the market capitalization from $ 100 billion to a current $ 71 billion.