Tag: resistance

Factom Technical Analysis for 04/20/2016 – Price Can’t Stay Above Major Resistance at 0.0034

The big drop that took place on April 10 pushed price underneath a key pivot zone, which is now acting as resistance and preventing the market from breaking higher. Of course I am referring to the pivot area between 0.0033 & 0.0034. I wrote about this pivot zone in my Factom article on the 21st of March, and it seems that this technical area is continuing to influence the market. …
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Monero Technical Analysis for 04/19/2016 – Major Barrier at 0.0027

Since the big plunge on April 8,  Monero has has been grinding away around the 0.0022 level. To be a little bit more precise: 0.00225. This level has been used by the market as support about five times this month; two times on the 10th; three times between the 15th and 17th. This level has also acted as resistance about three times this month. Therefore, the 0.0225 price area is …
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Ethereum Technical Analysis for 04/19/2016 – Is the Bear Market Finally Over?

The 0.0205 price level has become very significant over the last ten days. This area acted as resistance about three times between the 11th and 15th of April. When price broke above this level on the 17th, 0.0205 started acting as support. This price area is now considered a key pivot zone and any break under this technically-significant level will most likely send price tumbling down to 0.019! The biggest …
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Bitcoin Technical Analysis for 04/15/2016 – Another Massive Rally Imminent?

Since the start of April, the $424 price level has become very significant from a technical viewpoint. So far this month, this level has acted as resistance about four times. When price finally made it above $424, on the 12th, $424 started acting as support, and price is now trading well above this pivot zone. Mark this area on your charts! There is a nice trend developing now, however, any …
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