Sentences with phrase «descending channel»
A descending channel refers to a pattern observed in stock charts where the price consistently falls within two parallel trendlines forming a sloping channel. It indicates a downward trend, suggesting that the stock's price is decreasing steadily over time. Full definition
The cryptocurrency has broken from a mildly descending channel formed during yesterday's trading session.
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Right now it is trading inside a tight descending channel.
This week's important descending channel pattern with major resistance near $ 575 on the hourly chart of BCH / USD (data feed from Kraken) was broken.
This week's highlighted descending channel with current resistance at $ 0.2200 on the hourly chart of XRP / USD (data source from Kraken) is still in place.
There was a break above a key descending channel at $ 590 on the 4 - hours chart of BCH / USD (data feed from Kraken).
During the upside, there was a break above a key descending channel at $ 590 on the 4 - hours chart of BCH / USD.
This week's important descending channel pattern with major resistance near $ 575 on the hourly chart of BCH / USD (data feed from Kraken)
For breakouts, look for a break of support for ascending channels and a break of resistance for descending channels
Given the momentum is back within the bears control, eyes are now on the original descending channel that contained Bitcoin price action, since December 2017.
A major descending channel is forming around $ 670 which is also the 23.6 % Fib retracement level of the last swing high of $ 770 and a low of $ 647.
The most important break was above this week's long followed descending channel pattern with major resistance near $ 575 on the hourly chart of BCH / USD.
NEO / USD is moving lower at quite some pace, within a steep descending channel, the price now running into its sixth consecutive session of straight losses.
Yesterday's highlighted descending channel with current resistance at $ 0.2230 on the hourly chart of XRP / USD (data source from Kraken) is intact.
Though Bitcoin broke out of the descending channel on March 20, it could not cross above the 20 - day EMA.
We wanted to buy EOS once it broke out of the descending channel but that did not happen.
This week's highlighted descending channel...
If this support breaks, the XLM / USD pair is likely to fall to the support line of the descending channel, which should offer strong support.
Currently the bulls are trying to push Ethereum's price back above the descending channel.
Analysts have hold on their long position of Bitcoin because the cost is inside an descending channel.
There is a descending channel pattern with current resistance at $ 580 forming on the hourly chart of BCH / USD (data feed from Kraken).
If the descending channel support line is successfully shielded by bulls, an boost to the $ 10k symbol followed by a pierce to the channel's insurgency line is probable.
If the changing span of BTC / USD falls next the descending channel, the twenty - day EMA might support it: underneath the line, it will turn disastrous and the value will dump to $ 8,700.
If this support breaks, the cryptocurrency can slide to the support line of the descending channel at $ 0.1 levels.
The price stays above the descending channel, which is a positive long term sign.
However, only an upside break of the descending channel would signal a bearish - to - bullish trend change.
Bitcoin Price Key HighlightsBitcoin price recently broke out of its descending channel to show that an uptrend reversal is underway.Price hit resistance at $ 8450...
If the sentiment improves across the sector, we expect the virtual currency to break out of the resistance line of the descending channel.
This level coincides with the support line of the descending channel and the horizontal support.
We had suggested long positions because we anticipated a pullback once the digital currency broke out of the descending channel, but we were wrong.
The bears strongly defended the 20 - day EMA and pushed prices back into the descending channel once again.
The RSI in the oversold zone also supports the possibility of a pullback, however, the BCH / USD pair will face selling at the 20 - day EMA, which is right at the resistance line of the descending channel.
Price was being pinched between the descending channel (flag) and the major support trend line and finally broke out of the flag with a strong upside move.
If I were forced to use just one chart pattern, it would have to be ascending and descending channels.
Look for bullish price action in an ascending channel and bearish price action in a descending channel
In this lesson, we'll take a look at both the ascending and descending channels.
Bitcoin Price Key Highlights Bitcoin price is still trending lower, moving inside a descending channel on its 4 - hour time frame.
This week's highlighted a descending channel pattern with resistance near $ 600 on the hourly chart of BCH / USD (data feed from Kraken) is still active.
Most importantly, this week's highlighted a descending channel pattern with resistance near $ 600 on the hourly chart of BCH / USD is a major barrier.
This week's highlighted a descending channel pattern with resistance near $ 600 on the hourly chart of BCH / USD (data feed from Kraken) is still
Looking technically at BTC / USD on the daily time frame, next level of support will come into play at the upper trend line of the descending channel, tracking at $ 10,000, in proximity to the 50 DMA.
Bitcoin Cash broke out of the descending channel and rallied close to the overhead resistance of $ 736, according to our expectation.
Stellar broke below the $ 0.296 critical support on February 6, but it did not fall to the support line of the descending channel.
The price of EOS is in a descending channel as seen on the daily chart on Friday.
We did not recommend closing the complete position because Bitcoin will become positive once it sustains above the descending channel.
Looking technically, BTC / USD is sitting on the upper trend line of the descending channel, which it has recently broken out of and closed above on a daily.
We may have a positive outlook on Stellar once it breaks out and sustains above the descending channel.
Currently the bulls are trying to push Ethereum's price back above the descending channel.
The price stays above the descending channel, which is a positive long term sign.
Bitcoin Cash has become a descending channel as the downtrend has continued through the past few weeks.