Category: Resistance
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Crude Oil Technical Analysis – Testing a key resistance
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Basic Overview Crude oil remains supported as buyers may be looking at the implications of the Fed’s easing cycle on economic activity. As a reminder, crude oil positions are at all-time lows and sentiment is very bearish. These factors can generally provide great opportunities for reversal. The main reason that…
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Crude Oil Technical Analysis – Testing a key resistance
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Basic Overview Crude oil remains supported as buyers may be looking at the implications of the Fed’s easing cycle on economic activity. As a reminder, crude oil positions are at all-time lows and sentiment is very bearish. These factors can generally provide great opportunities for reversal. The main reason that…
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Chart Art: Bitcoin (BTC/USD) Is Approaching a Major Resistance Area!
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Risk-off and anti-USD sentiment contribute to Bitcoin’s gains against the US dollar! How high will BTC/USD go before the native cryptocurrency returns to its long-term bearish trend? If the downtrend is rising, it is possible to do so at these levels: Bitcoin (BTC/USD) Daily Chart by TradingView Unless you’re too…
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Chart Art: USD/CHF’s Triangle Resistance Zone
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The US dollar is struggling to extend its advance above the key resistance area. Will the pair continue its downward trend that has been ongoing for months? Or will this week’s events force the dollar higher? USD/CHF currency pair over 4 hours Chart by TradingView As you can see, the…
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Chart Art: USD/CHF’s Triangle Resistance Zone
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The US dollar is struggling to extend its advance above the key resistance area. Will the pair continue its downward trend that has been ongoing for months? Or will this week’s events force the dollar higher? USD/CHF currency pair over 4 hours Chart by TradingView As you can see, the…
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Chart Art: Trend Resistance Area For GBP/NZD
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Trend traders gather! The GBP/NZD pair could head into a downtrend as it struggles to record fresh September highs near a key resistance area. Will this extend the pair’s downtrend that has been going on for months? GBP/NZD currency pair on the 4-hour chart Chart by TradingView The New Zealand…
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USDCAD moves higher as Oil/Commodities fall and eyes key upside resistance targets
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The USDCAD currency pair is moving higher as the focus in this pair is on the decline in commodity prices including the price of oil and risk flows due to the decline in stocks in the United States. Technical factors also played a role in USD/CAD’s rise after the price…
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Chart Art: WTI Crude Oil (USOIL) To Revisit Its Triangle Resistance?
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US crude oil prices continue to recover after revisiting August lows last week. How far can WTI crude oil go before sellers can gather enough downside momentum? We take a closer look at the potential resistance area: Crude Oil WTI (USOIL) 4 hours Chart by TradingView In case you missed…
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Bullish XRP Analyst Eyes $7.50 If Crypto Breaks Resistance
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XRP price has yet to start an upward trajectory but many cryptocurrency analysts Keep on trending up.Among these analysts is EGRAG Crypto, a well-known figure in the crypto community for his consistently bullish view on XRP. Related reading In a detailed analysis recently published on social media platform X, EGRAG…
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Bitcoin Price Surges Above $64,000 — Here’s The Resistance Level To Watch
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Opeyemi is a skilled writer and passionate about the exciting and unique world of cryptocurrencies. Although the digital asset industry was not his first choice, he has been fully drawn to it since he entered the field over two years ago. Now, Opeyemi prides himself on creating unique pieces that…
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Chart Art: Trend Resistance Setup For Bitcoin (BTC/USD)
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The native cryptocurrency’s rally may lose momentum at key technical resistance levels! Do you think BTC/USD is about to enter a downtrend? We take our signals from the daily chart: Bitcoin (BTC/USD) Daily Chart by TradingView August has been a very good month for Bitcoin so far, with the BTC/USD…
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XRP Smashes Through Resistance, Could Soar 15%, Analyst Says
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Ripple’s XRP is on a rollercoaster ride, having recently broken through a key resistance level. The move has analysts anticipating a potentially big gain for the crypto asset, with many, including Brett Hill, pointing out that it is. Related reading Meanwhile, Pastor Brandon Biggs is making the rounds on social…
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Bitcoin Resistance: Here Are The Challenges Ahead For BTC
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Bitcoin is facing certain resistance levels on the chain that could threaten future gains. Here are the exact prices at which these levels are located. Short-term Bitcoin holders have a cost basis at these levels in the future. As CryptoQuant author Axel Adler Jr. explains in a new article, mail…
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Chart Art: NZD/CHF Long-Term Support Turned Resistance?
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I see a textbook break and retest condition forming on the daily timeframe of NZD/CHF! Will this area of interest remain a ceiling this time? Take a look at the potential long-term support-turned-resistance area I’m watching: Daily currency pair NZD/CHF Chart by TradingView Did you miss those recent NZD/CHF bearish…
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Chart Art: NZD/CHF Long-Term Support Turned Resistance?
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I see a textbook break and retest condition forming on the daily timeframe of NZD/CHF! Will this area of interest remain a ceiling this time? Take a look at the potential long-term support-turned-resistance area I’m watching: Daily currency pair NZD/CHF Chart by TradingView Did you miss those recent NZD/CHF bearish…
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What’s Happening? Is This Bitcoin (BTC) Resistance Unbreakable? Ethereum (ETH) On Verge of Fundamental Crisis? By U.Today
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U.Today – The stock price has moved little or no over the past few weeks, and it continues to falter. SHIB stock has made multiple attempts to move out of its current trading range, but it has been unable to build much momentum, leaving investors and traders in a state…
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Chart Art: WTI Crude Oil (USOIL) Aiming for Triangle Resistance
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Crude oil has been on a sharp rise these days, but can it continue its upward trend past this major resistance area? If so, how high can it go? Check out this long term chart pattern on my radar! Crude Oil WTI (USOIL) Daily Chart by TradingView Crude oil has…
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The NZDUSD has set close support and resistance to start the new week
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The NZD/USD pair fell at the start of the Asian session, and in the process found support from buyers against its 100-hour moving average. The price rebounded and moved towards its highest level from last Friday’s trading. This high level was stopped before its 100-day moving average and the 61.8%…
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Bitcoin Set For Critical Price Resistance Encounter
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Simelor Valeti is a cryptocurrency writer who specializes in journalism and content creation. Although he started out writing on a variety of topics, Simelor quickly developed a knack for navigating the complexities and intricacies of the exciting world of blockchain and cryptocurrencies. Simelor is drawn to the efficiency of digital…
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Bitcoin Set For Critical Price Resistance Encounter
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Simelor Valeti is a cryptocurrency writer who specializes in journalism and content creation. Although he started out writing on a variety of topics, Simelor quickly developed a knack for navigating the complexities and intricacies of the exciting world of blockchain and cryptocurrencies. Simelor is drawn to the efficiency of digital…