My Insight
Support and Resistance
Based on FIBO,
Under 100 & 200EMA, and Support is the price level where a downtrend approaching to strong enough demand or Selling momentum.
Think of it as a safety level where the price its freefall, cushioned by determined seller.
Resistance is the opposite. It’s the price level where an uptrend might stall because sellers' step in, seeing the price as overbought.
It’s the market’s ceiling, and breaking through it can be tough.
Support and Resistance
Based on FIBO,
Under 100 & 200EMA, and Support is the price level where a downtrend approaching to strong enough demand or Selling momentum.
Think of it as a safety level where the price its freefall, cushioned by determined seller.
Resistance is the opposite. It’s the price level where an uptrend might stall because sellers' step in, seeing the price as overbought.
It’s the market’s ceiling, and breaking through it can be tough.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.