Sentences with phrase «significant resistance line»
On the opposite side of the ledger, the token faces a significant resistance line at $ 380.00.
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The British pound ultimately, there is an uptrend line just above there as well, which should offer a significant amount of resistance.
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.
Now let's look at the same chart with no indicators at all, there is nothing but pure price action and a couple of horizontal lines drawn in to show significant support and resistance levels.
If this resistance is cleared, the price might continue the bullish recovery towards the next significant technical level created by the upper line of downward Andrew's pitchfork (currently at $ 7,350).
A stop - loss would be prudent at / or near the bottom of the last significant downward price swing of the pattern from the resistance level to the lower trend line (at about $ 324.00).
There is a significant bearish trend line forming with resistance at $ 1,000 on the 4 - hours chart of the BCH / USD pair (data feed from SimpleFX).