Sentences with phrase «resistance line»
A resistance line is a straight line on a graph that shows the highest price at which a certain asset, like a stock or a currency, has consistently struggled to rise above. It acts as a barrier, preventing the price from moving above it and continuing to increase. Full definition
It is based on the support lines and resistance lines of an asset, as explained above.
7binaryoptions.com
When a stock trades near its resistance level, you can sell your position, by keeping resistance line as stop loss.
They'll draw their support / resistance lines on the chart.
USD / CAD continues to break through resistance lines.
However, I am not sure that I still draw the support and resistance lines correctly.
The Double Top pattern can be used to help find resistance lines.
Generally, prices are thought to move between support and resistance lines until a breakthrough occurs.
You can use support as well as resistance lines for assistance to assess where the trend direction changes.
In down trending markets, sell around the red resistance line.
See the support and resistance lines on the chart.
However, I am not sure that I still draw the support and resistance lines correctly.
The intraday high of ADA on Monday failed to touch the first major resistance line at $ 0.18641.
The pattern formed a horizontal support while descending resistance lines acted as buffers for the price action.
Often times, support and resistance are more «zones» than exact «levels», sometimes you will have a key level that is indeed an exact level, but more often than not we are going to be drawing our support and resistance lines midway through bar tails or even through the body of a bar sometimes.
Yesterday, Emerson Electric (EMR)-- which was featured as Dave Van Knapp's Dividend Growth Stock of the Month for March 2015 — burst through its «secondary downtrend resistance line» on solid volume.
The price is at SMA100 which is strong resistance line.
Last Friday, bitcoin successfully broke the long - term resistance line that marked the December downtrend - at least in log - charts.
But Ethereum Classic price is on an important resistance line; it's on the lowest border of the week - long flat.
The pennant shape is formed when the support and resistance lines start converging towards each other over time.
Rates: Will the 10 yr Treasury yield resistance line hold next year?
Bitcoin broke out of its lengthy declining trend, rallying quickly up to the key $ 9000 - $ 9200 zone as expected, even though the momentum of the move has been relatively weak, and the coin failed to enter the zone, with the lower resistance line halting the advance, for now.
The should line up nicely with the previous resistance line of the uptrend channel, so it's likely that we should see plenty of buying pressure underneath.
$ BTC challenging upper resistance line of parabolic advance.
A push above the solid chart resistance line at last week's high would negate the pennant pattern and give the bulls fresh upside technical momentum.
The bears have gained downside technical momentum and are on the verge of producing a bearish downside «breakout» from the sideways and choppy trading range as depicted by the support and resistance lines seen on the chart.
Moving on to the daily chart, Friday's rally broke past the diagonal resistance line drawn from the 2013 top.
If price breaks above the lime colored resistance line of the ascending triangle, an exit or take profit is advised.
It has broken above its $ 2.50 horizontal resistance line yesterday and did a re-test of the $ 2.50 again and is holding well now.
We're watching the uptrend resistance line closely and a trailing stop would be recommended in order to maximize profits.
If the bands become narrower and track parallel for an extended time, the price will usually bounce of the upper and lower bands, which take a role of support and resistance lines in sideways trading conditions.
However, yesterday there price action across major alt coin rallied with Monero and DASH breaking above key resistance lines.
In some of my earlier posts, I wrote about a pennant that had been forming, denoted by the black resistance line and the dashed gray line.
Volume establishes support and it reaffirms resistance lines.
On the opposite side of the ledger, the token faces a significant resistance line at $ 380.00.
As a recap, the price broke out of this 1st March, but with the recent fall in the market, it will be looking for that initial resistance line as support, tracking just above $ 1000.
Bitcoin is currently on a two - day run of gains, but likely to be stopped in its streak, if it can not break through the previously mentioned resistance line.
NEOUSD TECHNICAL ANALYSIS Obvious price rejection witnessed at resistance line around $ 35.
From the longer - term perspective, ETC / USD continues moving within the downside channel with the critical resistance line now at $ 16.00.
CADJPY is testing our first resistance at 84.60 (horizontal overlap resistance, 61.8 % Fibonacci retracement, 100 % Fibonacci extension) which coincides with our short term descending resistance line.
Often times, support and resistance are more «zones» than exact «levels», sometimes you will have a key level that is indeed an exact level, but more often than not we are going to be drawing our support and resistance lines midway through bar tails or even through the body of a bar sometimes.
Within the context of this downtrend resistance line, price has made several breakdowns of both short - term uptrend support lines and horizontal support...
EUR / USD continues to break through resistance lines.
A Wedge, then, is formed by the support and resistance lines as they move toward each other.
It means the nature of the trend has changed and with the DOW specifically it means the trend line has changed polarity and now acts as a resistance line.
Resistance lines are higher price levels that are like ceilings.
The Wedge pattern looks just like it sounds — a wedge formed by two lines called the support and resistance lines.
A rising wedge is a sign that the price of a stock is likely to fall and is identified by the gap between the support and resistance lines closing over time; a falling wedge indicates the opposite, or that a stock's price could rise.
The tip, or peak, is the resistance line; the very beginning of the first upward movement is the support line.