Sentences with phrase «high resistance zone»

Not exact matches

A resistance zone is a price zone the stock may repeatedly run up to without breaking through to new highs.

ETH is not far off the recent rally high, and although the consolidation could still continue, we expect a move to resistance zone between $ 740 and $ 780 soon.

This is also seen at the key resistance of the range, note how the line through 1.3140 is not touching the exact highs on September 14th and 17th at 1.3171... this brings up the point that sometimes support or resistance is more of a «zone» than a strict / exact level.

Price surged higher last week in the GBPUSD and as with the EURUSD, this pair is approaching / in the midst of a key long - term resistance area, but we certainly could see more upside given the strength of the uptrend that's under way and the resistance zone is quite large from about 1.4200 — 1.5000.

As ETH has been the most prominent leader of the late - April rally the move could kick - start the next leg higher in the segment, should the second largest coin hold on to its gains and successfully tackle the strong resistance zone just ahead in the $ 735 - $ 780 area.

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There is short - term support just below near 1.3990 and there is a zone of value / support at 1.3990 — 1.3750 that we can look for price action buy signals within to get long and target recent highs near 143.40 resistance.

This high volume price band then forms a potential support or resistance zone.

Price surged higher last week in the GBPUSD and as with the EURUSD, this pair is approaching / in the midst of a key long - term resistance area, but we certainly could see more upside given the strength of the uptrend that's under way and the resistance zone is quite large from about 1.4200 — 1.5000.

When price does break through a resistance level to higher levels the old resistance zone turns into a supporting price zone.

Lastly, and perhaps the most important, drawing a fibonacci retracement from the high and low of the entire trend shows very obvious horizontal support and resistance zones.

ETC broke - out of its short - term correction yesterday, staying ahead of the rest of the market in this cycle, and it rallied up to the next major resistance zone near $ 43, with only the all - time high remaining ahead as an obstacle before a new record high.