Sentences with phrase «resumption of downtrend»

As volatility makes a comeback in crytocurrencies, more so in Bitcoin, the price of the biggest digital coin falls below $ 9,000 and below the very trendline it broke out of last week, signalling the resumption of downtrend which started from its January high.

However, the price action from 1.0035 is more likely consolidation of downward trend from 1.0338, another fall towards 0.9900 is still possible after consolidation, and a breakdown below 1.0035 could signal resumption of downtrend.

We can see a nice pin bar sell signal a coiling inside bar strategy that formed following retraces higher within this falling market, both setups led to the resumption of the downtrend and big down moves...

Not exact matches

This creates additional overhead supply that subsequently increases the odds of a resumption of the dominant downtrend.

A break below support in the 1180 area would signal a resumption of the bigger downtrend and project a move to new lows.

The spot Gold market rotated up to the key level near 1250.00 last week but failed to maintain itself above it, creating a false break / pin bar on the weekly chart that could trigger a resumption of the recent downtrend in this market.