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Title: When previous support becomes resistance - trading 101 Post by: Pecunia non olet on January 08, 2015, 10:04:19 PM http://www.investopedia.com/university/technical/techanalysis4.asp
http://www.investopedia.com/articles/trading/06/supportresistancereversal.asp What once was support now is resistance. Traders know this. What you think are the chances of taking down the restance at the previous support-level of 1900 to 1950 CNY? Anytime soon? BTW: what's our next support-level? 80$ to 100$, isn't it? Title: Re: When previous support becomes resistance - trading 101 Post by: Pecunia non olet on January 09, 2015, 07:53:12 AM obviously nobody is interested in previous support which is now resistance ::)
Title: Re: When previous support becomes resistance - trading 101 Post by: inca on January 09, 2015, 08:28:12 AM obviously nobody is interested in previous support which is now resistance ::) We can all see the charts. The only reason the price is 284 today and not 295 or higher is a single dump on finex of 2000 coins to paint the chart. In such a thin market what was resistance can become a margin call in less than a minute from a single trader. |