Tag: Resistance
Bitcoin Weighed Down by $34K Resistance; Support at $20K-$25K
Bitcoin (BTC) price action is stabilizing over the short-term, but expect a rise in volatility. There is strong resistance at the 50-day moving averag [...]
Crude Oil Prices May Rise on NFPs after OPEC+ Meeting Boosted WTI to Resistance
Crude Oil, WTI, OPEC+, EIA, NFPs, Technical Analysis, IG Client Sentiment - Talking Points:WTI crude oil prices rallied overnight to reverse deep int [...]
EUR/USD Attacks Cluster Resistance Ahead of US NFP. What’s Next?
EURO FORECAST:U.S. Treasury yields corrected lower in May, but have resumed their ascent. This may complicate the euro’s recoveryMay U.S. jobs number [...]
Bitcoin Stabilizes in Tight Trading Range; Resistance at $33K
The cryptocurrency remains in a tight intraday range, with a midpoint at $30,100. That's where the most trading volume occurred over the past two week [...]
SPX Begins Pullback from Resistance
S&P 500 Talking Points:The month of May closed with as a long-legged doji in the S&P 500, a sign of indecision after an aggressive sell-off s [...]
Bitcoin Relief Bounce Faces Resistance at $33K-$35K
Bitcoin (BTC) buyers are reacting to oversold conditions, which could stabilize price action and delay additional breakdowns. Short-term momentum is i [...]
Bitcoin Faces Resistance at $33K; Support at $22K-$25K
There is growing risk of additional breakdowns in price because of negative momentum readings based on weekly and monthly price data. If a volatile do [...]
Bitcoin Pares Earlier Losses; Resistance at $33K
Bitcoin (BTC) is stuck in a choppy trading range, anchored at the $30K price level. Upside appears limited as most indicators are neutral short-term a [...]
EUR/USD Rises and Probes Key Resistance, Breakout Could Bolster Euro Recovery
EURO FORECAST:EUR/USD gains amid improved market sentimentSoftening US yields and Fed monetary policy repricing weigh on the U.S. dollar and further [...]
Bitcoin Stabilizes in Tight Range; Support at $27K, Resistance at $30K-$35K
Bitcoin (BTC) remains neutral and is stuck in a consolidation phase. The cryptocurrency could see a volatile price move once a breakout or breakdown o [...]
Bitcoin Rangebound; Support at $27K, Resistance at $33K
The relative strength index (RSI) on the daily chart is rising from oversold levels, but remains capped below the 50 neutral mark. A move above 50 in [...]
Bitcoin Holds Support at $27K-30K; Resistance at $35K
Bitcoin (BTC) has traded in a tight range over the past week. The cryptocurrency is on watch for a brief relief bounce above $30K, although upside app [...]
Bitcoin Returns Above $30K; Resistance at $35K
Lower support is seen at the 200-week moving average, which is currently at $21,954. A break below that level would yield a downside target toward $17 [...]
Bitcoin Returns Above $30K, Resistance at $35K
Bitcoin (BTC) is trading in a choppy range, although upside appears to be limited as the downtrend stabilizes. Countertrend signals could point to a r [...]
Bitcoin Rises to $30K; Resistance at $35K
Bitcoin (BTC) is stabilizing around the $30K price level. The cryptocurrency is on track to register a positive momentum signal on the daily chart, si [...]