Sentences with phrase «descending trend line»

It has also moved past a short - term descending trend line to indicate that buyers are in control.

It is still yet to make a convincing break over a strong proven resistance descending trend line.

After months of sustained downward price action that saw many markets lose upwards of 80 % — 85 %, many altcoins have produced substantial gains over the course of recent weeks after breaking above major descending trend lines against both BTC and the dollar.

Looking technically at BTC / US, the price is currently flirting with a long term supporting descending trend line, running from December 2017.

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.

Looking technically, BTC / USD upside is being capped by a reasonably long standing descending trend line, that has been holding the price since the record highs in December 2017.

The Bitcoin price is suffering with losses of 5 % during trading on Wednesday, after failing to break through a major descending trend line that is limiting upside momentum.

Price is hitting another upside barrier at its descending trend line, though, and this might prompt profit - taking.

Observing the above picture, I'm yet again amazed to see the bitcoin price just reaching the descending trend line just under $ 12,000 before continuing its downward trajectory.

Bitcoin price completed its pullback to a descending trend line and Fib level, resuming the drop to the swing low.

Bitcoin Price Key Highlights Bitcoin price is trending lower still after recently pulling back to a descending trend line on its 1 - hour time frame.

BTC / USD on the shorter time frame, 30 minute view, has been respecting a descending trend line over the last two days.

Price has also surged past the descending trend line connecting the latest highs to signal that bulls have the upper hand.

Technically, BCH / USD is being supported by a descending trend line, this was initially the upper part of the descending channel formation.

The moving averages are also near the descending trend line, adding extra layers of resistance in the event of another pullback.

Bitcoin price is trending lower still after recently pulling back to a descending trend line on its 1 - hour time frame.

On the 20th March, BCH / USD broke out of a descending trend line that was containing the price from upside, running from February.

Bitcoin price bounced off the resistance of the descending trend line and area of interest, setting its sights on the next potential support levels.