The phrase
"support level" refers to a specific point or price at which a financial asset, like a stock or currency, tends to stop falling in value because there are buyers who want to buy it at that price. It acts as a kind of floor, preventing the asset from dropping further.
Full definition
On the downside, the immediate
support level at $ 625 is not very strong while the next handle is at $ 600.
Let's take an objective look at
key support levels on a few charts that may help to answer that question.
Currently, it looks like $ 10,000 is acting as a psychological
support level for bitcoin.
This is because the traders will sell that currency when it reaches the former
support level in order to limit their losses and regain the former price they had.
The standout feature on the chart is the strong
support level near $ 43 and resistance near $ 54.
When prices don't sustain
below support levels on negative news, it is a sign that the bears are losing their grip.
By that we mean price action reacts more strongly to resistance and
support levels on a chart much better than equity markets do.
It is down around 25 % this week and it recently broke a couple of
important support levels such as USD 10,000 and 9,000.
The crypto could not find support at the
immediate support level at $ 212, and the price broke past amid increasing selling pressure.
If support levels are broken, they often become new resistance levels, because the currency fails to reach its precious lowest level.
Although the main stock market indexes were flat yesterday, there were at least two ETFs we have been monitoring that pulled back to near - term
technical support levels.
Following that rise, a bear correction will send the bitcoin price to a
new support level around $ 700, launching a new sideways lateral movement with resistance at $ 1000.
A pivot point is considered a
price support level if the underlying financial instrument is trading higher than the pivot point.
Because the swing low rate sometimes becomes a level of support, a falling price may recover before it actually falls through a
previous support level.
The prices of many of the leading cryptocurrencies broke
lower support levels and barely sustained in their all - time lows.
From an energetic standpoint, these industries «can
not support any level of storage,» the study concluded.
According to indicators,
several support levels are ready to rise even if profit - taking takes place or if the big players force a sideways lateral market.
We remain bullish on this market as the overall trend is up and price is trading above key
support levels still.
The 50 - day moving average is a very important
support level during a rally, as it is basically the line in the sand for the bulls.
The coin has to get back above the
prior support level, or it will remain in a declining long - term trend.
Stop - Loss: It's recommended to place the stop - loss below the most
recent support level, it keeps the trading risk low.
A diverse array of tech companies, entrepreneurs, pharmaceutical companies, universities, and financial
services support some level of reform to the nation's patent - litigation system.
In addition to the prior high, the 10 - week moving average is also acting as resistance — remember that
former support levels become new resistance after the support is broken.
But if that moving average fails to hold as support, then a touch of the 10 - day moving average is the next
logical support level.
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support A Level Art students during their studies.
Phrases with «support level»