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.
A Wedge, then, is formed by the support and
resistance lines as they move toward each other.
Right now, we are in the middle of a crucial test of both support and
resistance lines as the market decides where it will go next.
Not exact matches
The uptrend rally can continue to move upwards using the uptrend
line as a
resistance feature.
The addition to the chart is the upper trend
line which is now acting
as a
resistance level.
Using long - term trend
line will act
as a
resistance level, the current breakout has an upside target near 19,350, which is near the current value of the trend
line.
When the Dow rallied in November 2015, the trend
line acted
as a
resistance level, and when projected into the future it will continue to act
as a
resistance level.
There is a high probability the Dow will retreat and retest the upper edge of the trading band near 18,300 before a rebound rally moves up to test the trend
line as a
resistance level.
The value of this
line will now act
as a
resistance feature.
The prior lows from the previous trading range (the dashed horizontal
line) will also act
as a substantial area of
resistance.
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.
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.
On our internal watchlist
as a potential short sale if it bounces into new
resistance of its prior uptrend
line, SPDR Gold Trust ($ GLD) could -LSB-...]
«Bitcoin price staged a strong rally to break past the short - term channel top and aim for the longer - term
resistance... Buyers are taking control of bitcoin price action... Moving averages are in
line with the 4 - hour bullish channel support at $ 610, adding to its strength
as a floor.
The RSI is often used in conjunction with trend
lines,
as trend
line support or
resistance often coincides with support or
resistance levels in the RSI reading.
On the daily chart below, notice how perfectly the 50 - day moving average (teal
line) has been acting
as resistance:
Gold bounced off a trend
line support, Fibonacci 0.382 support, and past
resistance turned support
as depicted on the H4 chart.
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.
The daily chart also gives us a view that suggests that XRP was likely to close (
as at 5 March) above $ 1.04329 (descending trend -
line resistance on the daily chart), signaling a bullish breakout on the charts.
A falling trend
line can be drawn to connect the latest highs since September 15 and this trend
line can continue to hold
as resistance.
Notice that the formation of the shooting star candlestick also occurred
as $ SPY «overcut»
resistance of its downtrend
line from the September high.
As shown below, the US$ gold price is butting up against lateral
resistance that also now coincides with the 200 - day moving average (MA), and the HUI is struggling with
resistance defined by a trend -
line that dates back to the August - 2014 short - term top.
EUR / USD: The EUR / USD is now consolidating
as price oscillates between the support
line at 1.0500 and the
resistance line at 1.0650.
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.
The British pound ultimately, there is an uptrend
line just above there
as well, which should offer a significant amount of
resistance.
Though C&J Energy (CJES) finally broke its
resistance at $ 23 - $ 23.50, it is still testing this price, now
as a support
line.
As you can see, on a short - term basis there is an obvious «
line in the sand /
resistance» level at $ 5.66 a share.
What we see is that a long - term down trending trend
line,
as well
as a key «once support / then
resistance» level ($ 5.27 a share) have both been pierced to the upside.
The decline also caused an ugly, wide - ranged bar to form on the weekly chart, which should now act
as overhead
resistance (see horizontal
line on the chart below).
On our internal watchlist
as a potential short sale if it bounces into new
resistance of its prior uptrend
line, SPDR Gold Trust ($ GLD) could be headed for a more significant, intermediate to long - term correction.
Litecoin try to break above the previous uptrend
line that we now see
as resistance.
As such, $ GLD will need to deal with overhead
resistance around the $ 127 - $ 128 area on its next rally attempt (the 20 - month downtrend
line also converges near this level).
There is a long - term
resistance turned support nearby (marked
as pink dotted
lines).
As she learns more about the Mayday
resistance force and its strategy toward freedom, she's awakened to the number of lives put on the
line to fight for her own.
Therefore, I feel I must overcome my
resistance and resentment, must dismiss the feeling of engaging in an unwilling exercise in apologetics, and try earnestly, if not to supply straight and simple answers, at least to clarify and
line up some of the evasive arguments that I have harbored for a long time, and to articulate them
as well
as I can.
David Dark, author of The Sacredness of Questioning Everything, seems to appreciate Colbert
as well, for he begins his chapter on «Questioning Our Offendedness» with a «tip of the hat» to the comic genius of the caricature that is Stephen Colbert — a caricature that highlights how «we develop a built - in
resistance to any information that refuses to fall in
line with our preconceived notions.»
In 1977, more than 30 years after he parachuted behind enemy
lines to aid the French
resistance (he was later wounded and captured), he was feted at a Frenchman's party
as the crazy American who dropped out of the air with a fishing rod tied to his leg.
He won election
as attorney general despite
resistance from the New York Times editorial board and other left - leaning institutions, and then ran the only two people ahead of him in
line — Gov. Eliot Spitzer (with an assist from Client 9 on that one) and Lt. Gov. David Paterson — out of town on a rail.
My strong objections to the directive — I have a clear recollection of Charles Clarke dismissing me
as a «Liberal Democrat lawyer» — were in
line with my consistent
resistance to mass surveillance, fishing expeditions and profiling.
The researchers have begun an expanded field trial on the same Northern Territory plantation, growing the four RGA2
lines that showed
resistance in the last trial,
as well
as newly developed
lines of modified Cavendish Grand Nain and Williams cultivars.
In the last decade, we have collected data on agronomic performance, including yield, but also data on the
resistance of the
lines as well
as on SCN pressure in the field.
H58 Typhi is often resistant to the first -
line antimicrobials commonly used to treat the disease, and is continuing to evolve
as it spreads to new regions and populations, acquiring novel mutations providing
resistance to newer antimicrobial agents, such
as ciprofloxacin and azithromycin.
They show that this new formulation reduces the minimal curative dose in a disease model, based on infections in mice, by 100-fold and, most importantly, circumvents drug
resistance in a cell
line that is resistant
as a result of mutations in the transporter that mediates drug uptake.
«With a key challenge being that
resistance to drugs is spreading faster than new drugs are being developed and approved,» they suggest that «the use of encapsulated, nanobody - targeted drugs
as described here has the potential to reverse
resistance to many first -
line treatments.»
In an effort to keep artemisinin
resistance at bay, the World Health Organization (WHO) has recommended artemisinin combination therapies (ACTs)-- uniting artemisinin derivatives with bygone antimalarial drugs —
as the preferred front -
line treatment.
First, we produced PARP1 - KO ovarian cancer cell
lines using CRISPR / Cas9 gene editing to test the loss of PARP - 1
as a
resistance mechanism to all clinically used PARP inhibitors.
Until now, scientists examining the causes and effects of insulin
resistance have struggled with a general lack of human cell
lines from tissues such
as muscle, fat and liver that respond significantly to insulin, Kahn says.
As a result, I was able to gain an unparalleled, wide exposure to multiple
lines of research — ranging from insulin
resistance to body composition and metabolic rate — which was critical for my career development.
As Olivio explains, the battle
lines for tackling drug
resistance tend to be drawn in areas where the disease is on the brink of dying out.
Finally, analysis of tumors from clinical trials and cell
line models will allow discovery of mechanisms of sensitivity and
resistance to AR and PI3K inhibitors,
as well
as biomarkers that can be used in the development of new treatment regimens and selection of patients for future trials.