Sentences with phrase «key resistance level»

However traders make money in bear markets by selling short strength at key resistance levels not buying into price zones with a high probability of bouncing.

Additionally, it is important to note that several of the broad - based indexes are at or nearing key resistance levels on their daily charts.

Also take note where we placed our take profit — just below the next key resistance level.

However, the mentioned recovery was capped as coins faced sellers near key resistance levels.

After dipping to lows of $ 5.15 in the recent past, EOS price has begun an upside momentum and has already broken above key resistance levels at $ 5.500 and $ 5.800 respectively.

Big upside volume helped boost the price above key resistance levels in the $ 470 - $ 475 range and then over the November high of $ 500.

Bitcoin price entered March by flirting with key resistance level on the technical charts and is at a make or break level.

The U.S. stock market has been steadily trending higher in recent weeks, moving above key resistance levels from October of 2011.

As you will notice on the charts of the Nasdaq Composite, S&P 500 and Dow Jones Industrial Average below, we are now at or near key resistance levels on all three indices.

The inside bar setup in this video formed just below a strong key resistance level, so in a case like this you would wait for the key level to break, instead of just taking a break out of the mother candle or inside bar.

The cryptocurrency segment is in a short - term correction after a great week that saw several key resistance levels fall, as the major coins kept up the bullish momentum and hit new rally highs after a shallow correction.

The cryptocurrency segment is in a short - term correction after a great week that saw several key resistance levels fall, as the major coins kept up the...

The price has broken past key resistance levels at the 50 % and 61.8 % Fib retracement levels with the last swing high of $ 7,177 and a low $ 6,450 respectively.

The post Markets Update: Bitcoin Bulls Are Back Testing Key Resistance Levels appeared first on Bitcoin News.

Since we are close to testing and / or overcutting key resistance levels right now, it is very important to exercise caution and only take on potential long entries in ETFs and stocks with the most relative strength to the broad market:

Pin Bar Top patterns are traded when found at the top of a trend and validated by key resistance levels.

MobileGo is back in selloff mode after failing to break past key resistance levels against bitcoin and ethereum.

Since then Bitcoin has bounced and is now trading approximately mid-range between the right shoulder price point of $ 9,359.90, labeled as the key support level, and an $ 11,788 resistance level at the high point of the prior upward price swing coming from the head of the pattern (labeled key resistance level).

The recent brief correction was caused by a combination of four factors: Japan's crackdown on small exchanges, Binance hack rumors, SEC's announcement to exchanges, and major cryptocurrencies failing to meet key resistance levels.

Big Shadow patterns are great to trade, but like all price action setups and patterns, they perform better when used in conjunction with key resistance levels, this is why using our Price action tracker and its price action filters is so important.

Exit at key resistance levels.

Litecoin and Monero are the two most bullish majors, rising above key resistance levels at $ 44 and $ 46 respectively.

The inside bar setup in this video formed just below a strong key resistance level, so in a case like this you would wait for the key level to break, instead of just taking a break out of the mother candle or inside bar.

You notice that GBP / USD is also trading near a significant support level and both the USD / CHF and USD / JPY are trading near key resistance levels.

Forty - six dollars is the key resistance level.»

Looking at technicals, Colvin sees $ 1370 as a key resistance level.

Continuing a recent recovery, a key biotech ETF rose 0.9 percent Thursday, topping its key resistance level of $ 300 for the first time since January.

Of course, we always have to wait for an actual break of this key resistance level before we can declare anything.

Notice, this was only a 1R profit with the reason being, there was a key resistance level coming into play before 2R would have been hit, so logic would dictate we exit ahead of the key level rather than hoping and praying price breaks through it.

The first winner in the above spreadsheet was a nice pin bar sell signal at a key resistance level, as seen below.

The second winner in this group was a bit of a cheeky one; an inside bar sell signal at a key resistance level.

This was a well - defined setup that formed off a key resistance level, so certainly it was a valid instance of our price action trading edge.

Let's take a look at a chart example: In the chart below we would have anticipated another move lower if price got back up to the key resistance level and event area at 0.8400.

IOTA is rapidly approaching our key resistance level when traded versus the USD.

Key resistance levels are ahead near $ 330, at $ 380, and above that near the prior all - time high at $ 400.

SPY (SPDR S&P 500 ETF) recently broke through a key resistance level in the $ 122 - $ 123 range.

The 38.2 % level also coincides closely with a key resistance level (shown on the next chart):

The 50 % level was a key resistance level and was broken last week, so it could now act as support.

The key resistance levels are shown below and they coincide with the gaps in September.

On the daily chart of S&P 500 SPDR ($ SPY), a popular ETF proxy for the benchmark S&P 500 Index, we have annotated the key resistance levels to pay attention to this week:

If QQQ moves above this key resistance level, there is still additional horizontal price resistance at $ 67.70 and $ 68.60 (the dashed black lines on the chart below).

Gold touched a key resistance level yesterday as expected and sellers quickly sold it back down along with silver.

If and when these key resistance levels are pierced we could see an «off to the races» situation unfold.

Note the pin bar marked on the chart below, it was an obvious pin bar that showed forceful rejection of a key resistance level, and then the market chopped around about 6 days before finally moving lower.

Our open position in iShares Gold Trust (IAU) performed admirably yesterday, but is getting close to a key resistance level near $ 17.60.

At the time of this article, the BTC - USD is displaying two failed tests of key resistance levels and its showing little sign of upward pressure.

In the above chart, not only could have we traded the pin bar sell signal from the key resistance level / event area, but on the subsequent test of that event area, we could have taken what I call a «blind entry» at the event area.