Category: Resistance
-
BNB Eyes $605 After Breaking Key Resistance
•
BNP Bitcoin price has shown significant bullish momentum, with a positive candlestick crossing the 100-day simple moving average (SMA) on the 4-hour timeframe. The previous market scenario reveals that the cryptocurrency faced multiple rejections at the $572 level. This ongoing resistance has paved the way for bulls to take over…
-
Ethereum Price Battles Resistance: Can ETH Regain Momentum?
•
Ethereum price corrected its gains and traded below the $3,300 level. Ethereum is consolidating and facing hurdles near the $3,300 resistance area. Ethereum started a downward correction from the $3,400 resistance level. The price is trading below the $3,330 level and the 100-hour simple moving average. There was a break…
-
USDCAD Technical Analysis – We are at a key resistance level
•
Basic Overview The US dollar has been steadily rising against most major currencies over the past two weeks, although the catalyst behind the move has been unclear. One good argument is that most of the moves we have seen over the past 10 days have been driven by debt relief…
-
USDCHF respecting support and resistance in trading to start the new trading week.
•
The USD/CHF pair is trading up and down in a limited range. The price is moving above and below the swing low at 0.88808 and the 200-day moving average at 0.8883. The 38.2% of the move up from the December 2023 low is also within the swing zone at 0.8883.…
-
Injective (INJ) Breaches Key Resistance, Setting Stage For 1,350% Boom — Analyst
•
Injective (INJ) has recently seen tremendous growth, pushing it to unprecedented heights and attracting the attention of experts and Bitcoin enthusiasts. Over the past week, the digital asset has seen tremendous growth. It jumped by about 32%, And only 1% on the last day. INJ stock is up on the…
-
Injective (INJ) Breaches Key Resistance, Setting Stage For 1,350% Boom — Analyst
•
Injective (INJ) has recently seen tremendous growth, pushing it to unprecedented heights and attracting the attention of experts and Bitcoin enthusiasts. Over the past week, the digital asset has seen tremendous growth. It jumped by about 32%, And only 1% on the last day. INJ stock is up on the…
-
GBPUSD Technical Analysis – We are approaching a key resistance
•
Basic Overview The US dollar fell broadly after weak US jobless claims and the Institute for Supply Management’s services PMI. Overall, the data did little to change interest rate expectations, but it reinforced the view that the Federal Reserve will cut rates at least twice by the end of the…
-
Avalanche Gains Momentum As AVAX Sets Sights On $30.34 Resistance
•
My name is Godspor Oye, I was born and raised in Edo State, Nigeria. I grew up with my three brothers who were always my role models and teachers, helping me grow and understand the lifestyle. My parents are literally the backbone of my story. They have always supported me…
-
Avalanche Gains Momentum As AVAX Sets Sights On $30.34 Resistance
•
My name is Godspor Oye, I was born and raised in Edo State, Nigeria. I grew up with my three brothers who were always my role models and teachers, helping me grow and understand the lifestyle. My parents are literally the backbone of my story. They have always supported me…
-
Bitcoin Price Reaches Rejection Zone: Can It Overcome the Resistance?
•
Bitcoin price has recovered above the $62,000 resistance area. BTC must clear the $62,500 resistance area to continue higher in the near term. Bitcoin started a recovery wave above the $61,500 and $62,000 levels. The price is trading below the $63,000 level and the 100 hourly simple moving average. There…
-
Support Turns Resistance: Bitcoin Retests $64,515 After Break – Will It Hold?
•
Bitcoin price dynamics took a major turn as the $64,515 support level, which was previously a crucial basis, turned into massive resistance after being breached. This pivotal change underscores the shift in market sentiment, with traders now watching closely to see if Bitcoin can regain this level. Facing more downward…
-
Support Turns Resistance: Bitcoin Retests $64,515 After Break – Will It Hold?
•
Bitcoin price dynamics took a major turn as the $64,515 support level, which was previously a crucial basis, turned into massive resistance after being breached. This pivotal change underscores the shift in market sentiment, with traders now watching closely to see if Bitcoin can regain this level. Facing more downward…
-
Crude Oil Technical Analysis – We are back at the key 80 resistance
•
Basic overview Crude oil reversed all its losses from the last week of May, when the market fell, despite OPEC+ extending voluntary production cuts, with the price falling out of a full month’s range. It is possible that the decline was purely technical, as downward momentum increased after the breakout.…
-
FX Watch: EUR/JPY Resistance Levels Ahead of ECB’s Decision
•
The rise of EUR/JPY from the support area has me looking at potential resistance levels ahead of the European Central Bank (ECB) policy decision! Earlier this week, the Japanese yen got a boost from talks that the Bank of Japan may discuss slowing its bond purchases as early as next…
-
Can Ethereum Smash Through Resistance Or Stall After Rally?
•
Ethereum, the world’s second largest cryptocurrency, finds itself at a critical juncture. After a strong 25% rally last month, outperforming its peers, Ethereum faces a massive hurdle in the form of resistance levels around $3,795 and $3,846. Analysts are closely monitoring this price battle, as it could determine the course…
-
Bitcoin Retreats After Failing To Break Crucial $72,983 Resistance
•
After failing to break the $72,983 resistance level, Bitcoin price continued to decline. Although Bitcoin price is still trading above the one-day simple moving average (SMA), this rejection has seen the cryptocurrency asset fall from $71,942 to $66,785 and move below the simple moving average (SMA) on the chart. 1-hour…
-
Chart Art: EUR/USD Is Testing a Long-Term Downtrend Resistance!
•
Looking for more USD settings to trade? It looks like the EUR/USD pair has just fallen off the key Resistance zone! Will the pair continue its long-term downward trend in the next few days? EUR/USD 4-hour Forex chart Chart by TradingView In case you missed it, the EUR/USD pair was…
-
Breaks Key Resistance, New All-Time Highs Next
•
Ethereum (ETH) is currently at the forefront of an impending market rally, as evidenced by a major technical breakout. According to cryptocurrency analyst Jelly, Ethereum recently broke out of a bearish pattern, particularly breaking out of the “falling wedge” and flipping major resistance to support areas. jelly reveal That Ethereum…