Sentences with phrase «descending resistance lines»
Ethereum has been trading within the $ 800 region for almost two weeks now, attempted to regain the $ 900 level, however its run was cut short by the strong descending resistance line.
https://www.fxstreet.com/ Not exact matches
The daily chart also gives us a view that suggests that XRP was likely to close (as at 5 March) above $ 1.04329 (descending trend - line resistance on the daily chart), signaling a bullish breakout on the charts.
Conversely, even if QQQ happens to bounce today (we must always be prepared for unlikely scenarios), it should find major resistance at its intermediate - term downtrend line (the descending blue line near $ 64.50), as well as the July 19th high of $ 65.31.
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.
So that, your chart, once plotted, gives you a series of parallel ascending / descending trend / support and resistance lines that tend to be respected or repeatedly tested, then broken by price action?
It has struggled running into resistance within the $ 1,150 region, here lies a firm descending resistance trend line, that has been in play since last Monday.
The pressure seen for Bitcoin Cash to the downside, is pushing the crypto back towards an initially descending trend line, that had been acting as resistance since December 2017.
The moving averages are also near the descending trend line, adding extra layers of resistance in the event of another pullback.
Resistance is tracking at the upper trend line of the descending channel, $ 66.
It is still yet to make a convincing break over a strong proven resistance descending trend line.
Bitcoin price bounced off the resistance of the descending trend line and area of interest, setting its sights on the next potential support levels.
If the sentiment improves across the sector, we expect the virtual currency to break out of the resistance line of the descending channel.