Sentences with phrase «key resistance levels»

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.

Given the pace at which the price has picked up over the last few sessions, it looks like momentum is back within the bulls control, particularly after taking out key resistance levels.

Surprising the gurus of crypto industry, Bitcoin price broke both the key resistance levels ($ 3700 and $ 3900) within two days.

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

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

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

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.

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.

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

Prices usually rise afterwards with a breakout of key resistance levels.

Exit at key resistance levels.

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

Red Hat stock looked bearish into second quarter earnings, but solid results could send it to key resistance levels.

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.

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

Chris Vermeulen analyzed the silver futures market today and noted «They [silver and gold miners] have yet to break through their key resistance levels.

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

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

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.

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:

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

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:

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.

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.

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.

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

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

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.

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.

1) A key resistance level was established near 9735.00 — 9700.00 in the DAX30 market (German Stock Index).

This key resistance level and the big move lower from it established an «event area».

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.

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

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.

It's nice to get a pin bar or another price action signal at the boundary of trading ranges for extra «confirmation» of a trade, but because the boundaries of a trading range are so solid, we can also consider taking «blind entries» at them as price hits them, e.g. take a sell entry at a resistance level of a trading range as price comes back up to the key resistance level, even if there is no price action signal there.

It formed at a key resistance level and had a large protruding tail, which is what we need to see if taking a trade against the trend.

To further this point, you wouldn't want to trade this pattern with a key resistance level just above it.

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.

A bull trap forms after a move higher, the amateurs who were on the sidelines watching a recent strong move unfold can not take the temptation anymore, and they jump in just above or at a key resistance level since they feel confident the market now has the momentum to break above it.

I expect the market to pull back toward support to consolidate the gains it has made before trying to push through this key resistance level.

While the cryptocurrency has spent the better part of the last 42 hours above $ 11,000, a convincing break above the key resistance level of $ 11,600 (inverse head - and - shoulders neckline) has remained elusive amid lighter trading volumes.

There is no reason to change away from a bearish bias provided the price remains below the key resistance level at $ 8,271.

Litecoin is also trading within the neckline and the key resistance level of the pattern, as noted in Chart # 3 Below.

With BTC currently up way above $ 10,000 right now, having broken this level last night, CDT is riding high on this key resistance level toppling.

It awaits to be seen if the momentum is strong enough, to push NEO above the key resistance level.