Sentences with phrase «of downtrend line»

Today, even if the digital currency breaks out of the downtrend line, it is unlikely to race away towards the highs.

It is likely to break out of the downtrend line.

We were correct in predicting a fall to $ 400 levels on Bitcoin Cash if it failed to breakout of the downtrend line.

After breaking out of the downtrend line, Bitcoin consolidated in a small range Sept. 26.

If the ETH / USD pair breaks out of the downtrend line, we might see a rally towards the $ 967 levels, where both the 20 - day EMA and the 50 - day SMA converge.

Nevertheless, if price fails to breakout of the downtrend line, it will lead to the formation of a descending triangle pattern, which is a bearish development.

Notwithstanding, if the cryptocurrency breaks out of the downtrend line, it will indicate a change in trend.

Starting with the weekly chart, you will see that $ EWH is testing resistance of a downtrend line that has been in place since early 2011.

Also, the price moved back above resistance of its downtrend line that had formed off the October high.

We call this a «backside test of the downtrend line.»

This overcut of the downtrend line is significant because it sucks in new buyers, just as institutions are starting to sell into strength.

Notice that the formation of the shooting star candlestick also occurred as $ SPY «overcut» resistance of its downtrend line from the September high.

On the weekly chart, notice that $ USO broke out above resistance of its downtrend line a few weeks ago.

It will become positive in the short - term after it breaks out of the downtrend line.

After $ GDXJ pops back above its 20 - day EMA (above the $ 27.60 area), buyers should step in due to break of key moving average resistance, as well as a break of the downtrend line from the January high.

We prefer lower risk entry points, so we look to build a position much earlier in the base using a combination of downtrend line breakouts, higher swing lows, and the 50ma.

Another reason we would first like to see a minor price retracement from current levels before buying is that the long - term monthly chart interval shows us that $ GLD is actually running into resistance of its downtrend line from its September 2011 high:

Taking an updated look at the long - term monthly chart pattern of DGP, notice that it has also broken out above resistance of its downtrend line that began with to September 2011 high.

After moving above resistance of a downtrend line that was in place for more than a year, $ KOL developed a tight base off the lows that has been in place for the past six months.

The close at 16,497 is above the value of the downtrend line and is the first signal that the downtrend has ended.

Note, these are not Fibonacci fan lines, they're a series of downtrend lines with a common starting point.

Not exact matches

But the recent bounce in the dollar shows that it has broken the downtrend line and is actually finding a key level of technical support around the 90.00 level.

«Any type of [continued] strength will do one thing: it will start to move us above this downtrend line that's been in effect for three years.»

A case in point is the line chart of the dollar index with a downtrend line.

The four downtrend lines have a common starting point from the high of October 2012.

Either way, $ RP may present an ideal buy entry on a breakout above the high of the short - term downtrend line (not shown) that has started forming off the August high.

After three shakeouts below the 50 - day moving average (on 3/22, 4/5, and 4/15), $ THD has reclaimed the 50 - day MA and is poised to break out above the short - term downtrend line of the consolidation.

We set a buy stop above resistance of the short - term downtrend line that formed during the pullback, enabling us to buy $ MZOR at $ 45.11 on the second buy entry.

This is one of several reasons our market timing system shifted from «buy» to «neutral» mode on December 13, after several major indices formed «shooting stars» on their weekly charts while running into the downtrend lines from their September 2012 highs.

While this week's price action was certainly a step in the right direction (so far), both the NASDAQ and Russell 2000 are now in «no man's land» because the indexes are back above resistance of their 20 and 50 - day averages, yet still must contend with resistance of their prior highs and short - term downtrend lines that have formed.

A breakout above the high of the current range should lead to a breakout above the monthly downtrend line:

With $ EWS, the monthly chart below shows a downtrend line in place with multiple touches of the anchor points.

A break above the three - day high is our buy entry, as this would put the price action above the 20 - day EMA and the short - term downtrend line of the tight range.

The «cup» was formed after the low of the pullback that tested the downtrend line on the weekly chart above, and the «handle» has been forming the right side of the chart pattern just below the prior highs from September of 2012:

If $ SMH can set a higher swing low and close above Monday's high on a pick up in volume, then it may attract enough buying interest to break the short - term downtrend line and test the highs of the base:

After rallying 30 % off its 2012 low, $ RSX subsequently pulled back and successfully tested new support (prior resistance) of its multi-year downtrend line, and now is forming the right -LSB-...]

Now, it appears as though TMF is setting up to break out above resistance of its 3 - month downtrend line and resume the long - term uptrend that has been in place for nearly 2 years.

After rallying 30 % off its 2012 low, $ RSX subsequently pulled back and successfully tested new support (prior resistance) of its multi-year downtrend line, and now is forming the right side of this bullish chart pattern.

Now, $ YCS is back above both its 10 and 40 - week moving averages, as it pops its head above resistance of a 6 - month downtrend line on increasing volume and with a bullish reversal pattern.

$ WB cleared the downtrend line of the handle part of a cup and handle pattern on May 5, which could have served as the first buy entry point.

A few days after highlighting the trade setup, EBAY triggered a long entry after it broke out above the downtrend line on increasing volume, closing near the high of the day.

Zooming into the shorter - term daily chart of $ USO, we see that the ETF broke out above resistance of its short - term downtrend line (from the April 2 high) just two days ago and is holding the breakout:

Nevertheless, the stock still must contend with an abundance of overhead resistance because it is merely bouncing off support of its (downward sloping) 50 - day moving average and prior downtrend line.

Other bullish signals for the cryptocurrency includes the Tenkan / Kijun line crossover, and the Saucer Bottom pattern which appears to have reversed last month's downtrend at the support level of $ 6,504.

Because of the clearly defined short - term downtrend line off the highs of the dominant uptrend, we notified subscribers of The Wagner Daily that we would be entering IYR on a breakout above that downtrend line, which occurred on March 12:

It broke out above the downtrend line in mid-February and has since pulled back, in a relatively controlled low volatility manner, to test the line as support during the most recent pullback, low of $ 137.12.

Our signal to list $ PLNT as a potential setup in our stock trading newsletter came on November 7, as the price rallied above the short - term downtrend line (upper channel of the handle).

Conversely, even if QQQ happens to bounce today (we must always be prepared for unlikely scenarios), it should find major resistance at its intermediate - term downtrend line (the descending blue line near $ 64.50), as well as the July 19th high of $ 65.31.

Regardless, when the market does see it's next reversal, ETFs that are rallying into resistance of long term downtrend lines and down - sloping 200 - day MAs will generally provide the best shorting opportunities.

In early February, the iShares MSCI Emerging Market Index ETF (EEM) rallied above resistance of its long term downtrend line and 200 - day MA.