Sentences with phrase «trend line support»
In addition, the moving averages are close to the rising trend line support connecting the latest lows of bitcoin price action.
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In the case of the illustrations above, that demand is drying up more quickly with each subsequent rally from trend line support.
The highlighted trend line support at $ 4280 - 4260 could play a major role for the next move in the near term.
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.
However, the pair failed to hold the highlighted trend line support at $ 440 and declined towards $ 420.
Having spent a better part of the last month defending the key trend line support, the cryptocurrency is finally exploring above the $ 60 mark — clocking a three - week high of $ 63.71 yesterday.
Technicals: Today was the technical breakdown through trend line support that has been budding for more than a week.
Horizontal trend lines support both of these moving averages and could aid in support if they come back into play soon.
The first trend line support is above the 38.2 % Fib retracement level of the last wave from the $ 0.1815 low to $ 0.2150 high.
Having successfully defended the key rising trend line support over the last few days, the bitcoin - US dollar (BTC / USD) exchange rate is well bid above the $ 4,000 mark today.
The above chart shows XRP failed to capitalize on the sharp recovery from the Jan. 5 low of $ 2.15 and breached the rising trend line support earlier today.
The same trend line support is close to the 38.2 % Fib retracement level of the last wave from the $ 623 low to $ 723 high.
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.
In addition, the 100 SMA lines up with the rising trend line support near $ 6300, which might keep losses in check.
Moreover, the 38.2 % Fib retracement level of the last upside wave from the $ 0.7010 low to $ 0.8629 high is close to the trend line support.
Gold bounced off a trend line support, Fibonacci 0.382 support, and past resistance turned support as depicted on the H4 chart.
The trend line supports the upward movement.
As long as the pair remains above the trend line support and $ 600, it is likely to continue moving higher.
Below the trend line support and $ 1,350, the next major support is around the 100 hourly simple moving average at $ 1,300.
Bitcoin Price Key Highlights Bitcoin price is still in correction mode but appears to be bouncing off the trend line support.
As long as the pair remains above the trend line support and $ 600, it is likely to continue moving higher.
It should hold the trend line support and remain above $ 6900 for further gains in the near term.
To the downside, the trend line support at $ 560 is important.
The downside move was limited, but we can not discard the fact that there was a break of the trend line support at $ 440.
Bitcoin is however trading below the trend line support intraday but on the other hand closed well above it.
The trend line support is likely to prevent declines below $ 1600 in the near term.
Price appears ready for a pullback from here and the 61.8 % Fib lines up with the trend line support.
A move below the rising trend line support could put bitcoin price on track towards testing the longer - term range support at $ 3800 - 4000.
It represents the trend line support and the 61.8 % Fib retracement level of the last wave from the $ 440 low to $ 469 high.
The pair is approaching the trend line support at $ 4150 and remains at a risk.