By watching for trading signals
near the support and resistance boundaries of the trading range, traders have a high - probability entry scenario with obvious risk and reward placement.
Not exact matches
Technical analysts saw
support at around $ 1,305 where the 200 - day moving average sits
and resistance at $ 1,321
near the 100 - day moving average.
The standout feature on the chart is the strong
support level
near $ 43
and resistance near $ 54.
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This is a «rally
and retreat» market
and we trade it using the ANTSYSS trade method to capture the reversals
near each of the
support and resistance levels.
On the technical front,
support kicks in around $ 1,305 where the 200 - day moving average sits
and resistance at $ 1,321
near the 100 - day moving average.
The fall below the historical
resistance and support level
near $ 1,290 is critical.
Below that, more
support is found at $ 0.18
and near $ 0.16, while
resistance is ahead at $ 0.26
and near $ 0.30.
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.
Now that you are up to speed on key
near and intermediate - term
support and resistance levels in the broad market, consider setting price alerts on your trading platform so that you can be instantly notified when a key level is violated.
As the long - term picture is now severely oversold, a spike below
support and a swift recovery could set up a major bottom in the coin here, with
resistance levels at $ 450m $ 500,
and near $ 625.
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.
Yesterday's high of 830 should now act as formidable
resistance, while yesterday's low (815)
and the 20 - day EMA (810) should serve as
near - term
support.
Support is found at $ 0.16
and around $ 0.14, while
resistance is ahead
near $ 0.22
and $ 0.26.
Ripple showed strength during the weekend, breaching the $ 0.20 level
and getting close,
and getting close to the crucial
support /
resistance zone
near $ 0.22,
and the declining long - term trendline that is also at $ 0.22 right now.
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.
NEO hit the
support level
near $ 13 before the strong rebound,
and it recovered above the $ 16.50
support /
resistance.
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.
Strong
resistance is still ahead
near $ 0.24,
and $ 0.26,
and between $ 0.30
and $ 0.32, with further
support at $ 18.
Support is still found at $ 300
and $ 285, while
resistance levels are ahead between $ 330
and $ 350,
and near $ 380.
Looking at the chart, the broken
support near $ 0.8850
and the 100 hourly SMA is likely to act a
resistance.
Short - term traders should still stay away from opening new positions as the test of the $ 18 level might still be ahead in the coming days, with further
support at $ 16
and $ 14.50, while strong
resistance is ahead
near $ 23
and $ 25.
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.
XRP remained volatile even as the segment generally calmed down,
and the market remains undecided with active trading
near the $ 0.20
support /
resistance zone.
Since forming a «swing high»
resistance level on July 12th (see chart above), $ UUP has been selling off for the past four sessions,
and is now closing in on
near - term
support of its 20 - day exponential moving average (EMA).
The currency faces further
resistance near $ 380 while
support is at $ 300, $ 285,
and $ 250.
The best pin bar setups occur
near confluent levels of previous price action as the market moves in one direction
and then regresses back to re-test a previous
support or
resistance level.
The currency faces
resistance near the $ 330
and $ 360 levels,
and above that above $ 400 with
support below at $ 265.
XMR faces
resistance near $ 100
and $ 125, with
support at $ 80
and $ 68.
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.
The Nasdaq faces
near - term
resistance at 3,134,
and has
support near 3,070
and 3,040.
As evidenced by the daily charts of QQQ
and SPY above, both of these ETFs,
and by extension the broad market, have a considerable number of both
near - term
support and resistance levels.
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.
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.
Litecoin, Monero, Dash, are all trading
near important
support /
resistance levels after their huge gains,
and all three coins look prone to correct more.
Resistance is now found
near $ 500, $ 600,
and $ 650, while
support is
near $ 435, $ 400,
and $ 375.