Sentences with phrase «term resistance line»

Not exact matches

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.

The second resistance feature is the value of the long - term uptrend line.

We set a buy stop above resistance of the short - term downtrend line that formed during the pullback, enabling us to buy $ MZOR at $ 45.11 on the second buy entry.

While this week's price action was certainly a step in the right direction (so far), both the NASDAQ and Russell 2000 are now in «no man's land» because the indexes are back above resistance of their 20 and 50 - day averages, yet still must contend with resistance of their prior highs and short - term downtrend lines that have formed.

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.

Taking an updated look at the long - term monthly chart pattern of DGP, notice that it has also broken out above resistance of its downtrend line that began with to September 2011 high.

«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.

Another reason we would first like to see a minor price retracement from current levels before buying is that the long - term monthly chart interval shows us that $ GLD is actually running into resistance of its downtrend line from its September 2011 high:

Last month, $ EEM convincingly broke down below support of a long - term uptrend line, and is now bouncing into new resistance of that prior support line (which is also converging with resistance of its declining 50 - day moving average).

Litecoin hit a low of $ 100.20 on Feb. 2 around support of an uptrend line, prior resistance and just below the 78.6 % Fibonacci retracement of an intermediate - term upswing.

Zooming into the shorter - term daily chart of $ USO, we see that the ETF broke out above resistance of its short - term downtrend line (from the April 2 high) just two days ago and is holding the breakout:

I'll be more comfortable calling a longer - term trending move if Bitcoin can get through this resistance around $ 9270 and make a push towards $ 11,300, the 38.2 % Fibonacci line.

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.

Notice that yesterday's (June 27) intraday high in $ SPY perfectly coincided with near - term resistance of the 20 - day exponential moving average (beige line).

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.

Regardless, when the market does see it's next reversal, ETFs that are rallying into resistance of long term downtrend lines and down - sloping 200 - day MAs will generally provide the best shorting opportunities.

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.

In early February, the iShares MSCI Emerging Market Index ETF (EEM) rallied above resistance of its long term downtrend line and 200 - day MA.

But when looking at the same index in non-log terms, we're either sitting right on top of a very long term resistance / breakout line, or we have already modestly risen above the historical series of rising tops.

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.

There is a long - term resistance turned support nearby (marked as pink dotted lines).

It wouldn't be shocking if the stock retraced a few of its steps after staging such a win streak and bumping into resistance, but the recent upswing wouldn't be negated from a technical standpoint until the AEP traded below the early March low (or at least the longer - term trend line).

Within the context of this downtrend resistance line, price has made several breakdowns of both short - term uptrend support lines and horizontal support...

Desire lines is a term used to describe the paths through nature that are made out of the raw desire to explore, humans stepping outside their own boundaries of established routes to form something new — whether it's the path of least resistance or forging something more demanding.

Yesterday's highlighted short - term bearish trend line with resistance at $ 325 was broken on the hourly chart of BCH / USD (data feed from Kraken).

Fibonacci trend lines at a 61.8 extension (golden ratio) show prices could reach $ 700 in the short term with some resistance in between.

There is a short - term bearish trend line forming with current resistance at $ 328 on the hourly chart of BCH / USD (data feed from Kraken).

«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.

There is a short - term connecting bearish trend line forming with resistance near $ 0.1450 on the...