Sentences with phrase «falling channel breakout»

What makes the lackluster price action even more unusual, though, is the fact that just a week ago, the cryptocurrency, known for its governance and privacy features, looked primed for a retest of record highs above $ 400 courtesy of a bullish falling channel breakout.

Not exact matches

But beware in the case of a rising or falling channel this retest level may be on the other side of your trade entry should you have entered a trade on the original breakout.

Often times price will fall back to the channel line in order to retest the level and then reverse and continue on in the direction of the breakout.

View A daily close (as per UTC) above $ 1,756 would signal an upside break of the falling channel, adding credence to inverse head - and - shoulders breakout (seen in the 4 - hour chart), and could yield a sustained rally to $ 2,000.