In a sentiment - driven market like bitcoin,
key price levels such as $ 10,000 appear to attract new investors and help the price.
By the end of my «no nonsense» analysis, you will know a
few key price levels to watch that could determine whether or not a new bear market is on the horizon.
Price action on the weekly chart showed that the stock is in a bearish downtrend, with recent short - term bull run being unable to
break key price level.
If you want more, you can also plot support and resistance levels with the included «Guides Tool,» which allows you to
view key price levels and anticipate turning points in the market.
Given the bullish intraday price reversal that converged with two near - term support levels, the March 4 low of 2,087 now becomes
a key price level to watch.
One common way that a stock bottoms occurs after it drops and takes out
this key price level.
This simply requires you identifying
a key price level for a given security.
Additionally, the market is now trading in a key price level