It's also fantastic for
finding support and resistance levels, enabling you to track market bias.
Many traders struggle to
find support and resistance, so today we're reviewing a tool designed to do exactly that.
This concept is applicable regardless of the method you use to
find support and resistance levels.
Well, seeing as how Fibonacci levels are used to
find support and resistance levels, this also applies to Fibonacci!
You don't need to go back five years to
find support and resistance levels.
I am discarding or deleting all the other material I have amassed and eliminating links to all other websites, it is all confusing clutter like the indicators I used before
I found support and resistance price action chart reading.
The equidistant channel is formed when price action
finds support and resistance between two parallel trend lines.
Not exact matches
Below that, more
support is
found at $ 0.18
and near $ 0.16, while
resistance is ahead at $ 0.26
and near $ 0.30.
Support is
found at $ 0.16
and $ 0.14 while
resistance is still ahead around the $ 0.195
and $ 0.22 levels.
Resistance is ahead at $ 0.65
and $ 0.75 while further
support is
found near $ 0.35.
The coin remains on a short - term buy signal with
support found at $ 1.9, $ 1.7,
and $ 1.5,
and resistance zones ahead near $ 2.35, $ 2.6,
and $ 3.
Resistance is ahead at $ 18
and $ 23, while long - term
support is
found around the $ 14 level.
As market conditions continue deteriorating, many traders
and investors are now seeking guidance to help them determine where the S&P 500, Nasdaq,
and Dow Jones may
find support, as well as the levels where these major indices are likely to encounter
resistance when eventually attempting to rebound.
Support is still
found at $ 80
and $ 68, while
resistance is still ahead at $ 125.
Short - term
resistance is still ahead near $ 8400 with a stronger zone
found between $ 9000
and $ 9200, while primary
support below the recent swing low is between $ 6750
and $ 7000.
The Dow should now
find resistance at yesterday's high of 13,338,
and support at its two - day low (13,175 area).
Support is
found at $ 0.16
and around $ 0.14, while
resistance is ahead near $ 0.22
and $ 0.26.
Find out how psychology affects
support and resistance zones.
XRP
found support in the long - term base formation
and it is now back near the top of the pattern at the $ 0.18
resistance.
Support is still
found near $ 42
and $ 38, with
resistance ahead at $ 46
and $ 50.
Support is
found near the 0.0000575
and 0.000048 levels, with primary
resistance ahead at 0.000075.
Support is still
found at $ 0.16, while
resistance is ahead at $ 0.18, around the $ 0.20 level,
and near $ 0.22.
Strong
support is
found at the $ 11
and $ 9 levels, while further
resistance is ahead around the $ 16 level.
Support is
found near $ 200
and around $ 175, while
resistance is ahead at $ 280
and $ 300.
The currency still faces strong
resistance near $ 0.26
and $ 0.30, with
support levels
found at $ 0.2250, near $ 0.20,
and at $ 0.18.
Resistance is ahead near $ 0.16
and $ 0.18, while
support is
found at $ 0.14.
Support is still
found at $ 80
and $ 68, while
resistance is ahead at $ 100
and $ 125.
This week, bitcoin traders can
find short - term
support at $ 365 (which was tested
and validated last week)
and resistance at $ 385.
The benchmark has been gyrating between
resistance at this short - term moving average
and support at the 200 - day moving average for the past three weeks, charting large intraday swings as investors attempt to
find a level of comfort amongst equity prices.
Support levels are
found at $ 1.2
and $ 1.1, while further
resistance is ahead at $ 1.9.
Further
support is
found at below $ 11 at $ 9, while
resistance levels are ahead at $ 16
and $ 18.
The market does not
find value a lot of value
and here are potential
support and resistance areas.
Support is still
found at $ 300
and $ 285, while
resistance levels are ahead between $ 330
and $ 350,
and near $ 380.
Support is still
found near the $ 80 level
and around $ 68, while further
resistance is ahead at $ 125.
That said, the coin is still bullish both short -
and long - term with
resistance found near $ 500, $ 600,
and $ 650,
and support at $ 435, $ 400,
and $ 375.
Support levels are
found at $ 240, $ 215,
and $ 200, while
resistance is ahead near $ 260, $ 280,
and $ 300.
That said, long - term investors could still add to their holdings here,
and we expect another test of the declining trendline now
found near $ 800 in the coming period, with further
resistance at $ 845
and support found near $ 650,
and $ 625.
Support is still
found at $ 0.35, while further
resistance is ahead at $ 0.56
and $ 0.64.
You will
find may self proclaimed investors who don't understand basic investment terms like
support and resistance, volume, P / E, market cap, all time high, 52 week high, stock index, all time low,
and so on.
Since that time, both QQQ
and SPY have continued to
find resistance near the upper level
resistance of their respective ascending trend channels,
and support near the bottom of their trend channel.
Support is now
found between $ 555
and $ 575,
and below that zone at $ 500, while strong
resistance is ahead between $ 625
and $ 645
and near $ 740.
Further
resistance is ahead at $ 10,000
and $ 10,500 while
support is
found near $ 8400
and $ 7800.
$ 140 remains a
support level, but now that GLD has
found support within the channel, the channel itself again becomes an important
support and resistance level.
Support levels are
found near $ 50
and $ 40 with further
resistance at $ 100.
Further strong
resistance levels are ahead near $ 240
and $ 280, while key
support is
found at $ 175
and $ 150.
In this case, the trend channel suggests QQQ should
find support near - term
support around the $ 62.40 area
and its next near - term
resistance near $ 66.00.
The broader declining trend is intact with
resistance levels ahead at $ 16, $ 18, $ 20,
and $ 23, while
support is
found at $ 14.5.
That said, the currency
found support above the February lows,
and although the declining trend is still intact long - term investors could accumulate the coin here, with
resistance ahead at $ 140, $ 150
and in the key $ 170 - $ 180 zone.
Further
resistance zones are ahead near $ 375, $ 400,
and $ 435, while
support is
found at $ 315
and $ 300.
Over the past five sessions, IYR has
found resistance near $ 60.80
and support near $ 59.80.