Sentences with phrase «upper resistance line»
$ BTC challenging upper resistance line of parabolic advance.
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The addition to the chart is the upper trend line which is now acting as a resistance level.
There is a high probability the Dow will retreat and retest the upper edge of the trading band near 18,300 before a rebound rally moves up to test the trend line as a resistance level.
Yesterday, for example, the PowerShares Nasdaq 100 ETF ($ QQQ), a popular ETF proxy for the Nasdaq 100 Index, rallied into resistance of the upper trend line of its ascending trend channel, then sold off to close in the middle of its intraday range.
Like $ QQQ, the S&P 500 SPDR ($ SPY), an ETF that represents the benchmark S&P 500 Index, has also found resistance near the upper trend line of its trend channel.
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Resistance levels are horizontal lines that define the upper level of trading, the place where there are more sellers than buyers.
The red upper line represents the resistance area.
Forex trading Resistance levels are also horizontal lines that appear on the upper side of the chart.
Trading Signals BUY: Buy if the currency pair breaks and closes above the upper trend line (resistance).
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).
Once this area is cleared, the upside may be extended towards the ultimate resistance $ 7,500, created by the upper line of downward Andrew's pitchfork.
Technically, BCH / USD has formed a bearish pennant pattern observed on the daily time frame, support of the lower trend line currently tracking around $ 625, where the upper resistance is seen at $ 680.
Resistance is currently tracking at the upper trend line, seen around $ 220, with support now proving to hold at $ 200.
Resistance is tracking at the upper trend line of the descending channel, $ 66.
The upside is limited by $ 6,900 - $ 7,000 area with the strong resistance created by the upper line of Andrew's Pitchfork.