The resistance level is a price point on the chart where traders expect maximum supply (in terms of selling) for the stock/index. The resistance level is always above the current market price. ... The resistance is one of the critical technical analysis tools which market participants look at in a rising market.
From here I think it is possible, to reach a new low this year. 26-29,000 range, I believe we continue our Bear Run, hitting our previous main support.
From here I think it is possible, to reach a new low this year. 26-29,000 range, I believe we continue our Bear Run, hitting our previous main support.
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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.