WebFeb 7, 2024 · Bitcoin ( BTC) maintained support above $40,000 over the weekend and is up 6% over the past 24 hours. The cryptocurrency was trading at around $44,200 at … WebResistance is an area on a market’s chart that it has trouble breaking through to hit new highs. Resistance is the opposite of support. When an asset hits it, sellers take over and send its price back down again. Like support, resistance levels can appear when markets are in bear trends as well as bull ones. They are sometimes referred to as ...
The Basics of Support and Resistance Explained
Web1 day ago · Bitcoin is currently trading at $30500 against the USDT. A 4-hour chart analysis indicates the possibility of a retracement due to the bearish divergence and RSI bearishness. This article will provide a detailed analysis of the 4-hour chart and highlight the support and resistance levels to watch out for. 4H Chart Analysis: WebSupport and Resistance points are based on end-of-day prices and are intended for the current trading session if the market is open, or the next trading session if the market is … green and white nike tech
Technical Analysis 101: How to Find Support and Resistance Zones?
Web11 hours ago · There is also a key bullish trend line forming with support near $129.20 on the 4-hour chart of the BCH/USD pair. On the upside, the price is facing resistance near the $135 level. Web2 days ago · This consolidation occurred after the price was turned away from the resistance area at $0.530. After reversing on April 3, the price was rejected again on April 11. This created a higher low (red icon). While the daily RSI has not generated any bearish divergence and is above 50, it is decreasing, thus providing mixed signs. XRP/USDT … WebOn the technical chart, it has formed a consolidation range between FWB:27K to $29K. Within the consolidation range, the price level is having support from the middle basis … green and white numatic