What is a resistance level?

by Jun 29, 2020Trading Guides

What is a resistance level?

A resistance level is a general level where prices have not been pushing upwards for a certain period. This occurs when there are sellers at the price level, preventing the price of the asset surpassing above that level. With regards to technical analysis, a resistance level may be drawn with a line across the highest highs for the time being considered.

 

 

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