cryptocurrency investment terms we should know A re you new to the investor world and wonder what some of these crazy terms mean or think you know but just want to brush up on some general knowledge well here we go. Breakouts and breakdowns These terms refer to a stock or crypto that breaks through previous resistance to the upside or support on the downside. If a stock or crypto's 200 day moving average was 3.00 a share or the 1 year high was 3.00 a share and it just hit 3.25 a share it is experiencing a breakout! Resistance Occurs when a stocks or cryptos price settles in an area where sellers usually emerge, preventing any further price increase. If a stock or crypto is trading at lets say 10.00 per share, resistance at the 12.00 a share price point occur by a lot of sellers wanting to sell their shares around 12.00 in a short period of time, its considered a breakout as it broke through the resistance! Support is the same kind of thing except its
Comments
Post a Comment