{"id":9366,"date":"2023-08-25T14:32:50","date_gmt":"2023-08-25T14:32:50","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=9366"},"modified":"2022-05-16T16:19:29","modified_gmt":"2022-05-16T16:19:29","slug":"supports-and-resistances","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/supports-and-resistances","title":{"rendered":"Supports and Resistances"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/supports-and-resistances\/#what_is_a_support\" >What is a Support?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/supports-and-resistances\/#what_is_a_resistance\" >What is a resistance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/supports-and-resistances\/#characteristics_of_the_supports_and_resistances\" >Characteristics of the supports and resistances<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 3<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p>Did you know that the first traders traded in the financial markets using the strategy of\u00a0<strong>Support and Resistance?\u00a0<\/strong><\/p>\n<p>At the time, this was one of the most profitable ways to get the most out of the market. This basic knowledge has been passed on from generation to generation and is still used in different types of technical analysis.<\/p>\n<p>However, we know that everything evolves and\u00a0<strong>trading<\/strong>\u00a0is no exception, as large investors or funds change their way of trading in order to take money from retailers or small traders. That is why we must know clearly what are the basic concepts of trading to learn how to act in certain situations that may arise.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"what_is_a_support\"><\/span>What is a Support?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>Also known as a floor or support, it is the moment when the price reaches an area or price range with strong demand that prevents the price from falling further. For this reason, it is intuitive that the asset we are trading is giving\u00a0<strong>signals to buy.<\/strong><\/p>\n<p>The more times you touch the price or the area marked as support in the past, the stronger it will be and the harder it will be to break out of it. This is why support has been used as a\u00a0<strong>synonym for buying.<\/strong><\/p>\n<p>Otherwise, the supports can be broken and the price will not bounce back, which is when\u00a0<strong>it goes from support to price resistance<\/strong>. The ideal is to find out which support or floor is next to be reached, in order to interpret how far the price could fall in the market.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"what_is_a_resistance\"><\/span>What is a resistance?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>If support is synonymous with purchase for obvious reasons,\u00a0<strong>resistance<\/strong>\u00a0will be synonymous with sales. These are also known as \u201cceilings\u201d that have the price and like the previous concept the more touches you have in the past will be more difficult to break.<\/p>\n<p>Sometimes, when the demand for the price is so strong and it breaks the last maximum is when it is popularly said that the price has no ceiling, that is to say that it will go \u201c<strong>To the Moon<\/strong>\u201c. This expression has gained strength in recent years, mainly in the market of the Cryptos.<\/p>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div id=\"image_2054631586\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/soportes-y-resistencias_2-1024x770.jpg\" sizes=\"(max-width: 1020px) 100vw, 1020px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/soportes-y-resistencias_2-1024x770.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/soportes-y-resistencias_2-300x226.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/soportes-y-resistencias_2-768x578.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/soportes-y-resistencias_2-1536x1156.jpg 1536w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/soportes-y-resistencias_2.jpg 1595w\" alt=\"soportes y resistencias Bitnovo\" width=\"1020\" height=\"767\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/soportes-y-resistencias_2-1024x770.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/soportes-y-resistencias_2-300x226.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/soportes-y-resistencias_2-768x578.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/soportes-y-resistencias_2-1536x1156.jpg 1536w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/soportes-y-resistencias_2.jpg 1595w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/10\/soportes-y-resistencias_2-1024x770.jpg\" data-sizes=\"(max-width: 1020px) 100vw, 1020px\" \/><\/div>\n<\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<div class=\"is-divider divider clearfix\"><\/div>\n<h2><span class=\"ez-toc-section\" id=\"characteristics_of_the_supports_and_resistances\"><\/span>Characteristics of the supports and resistances<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>A support or resistance will be considered important depending on\u00a0<strong>how many times it has acted effectively in the past.<\/strong>\u00a0Traders will recognize the strength of a respect zone on the chart.<\/li>\n<\/ul>\n<ul>\n<li><strong>Round numbers<\/strong>\u201d are considered good ranges where the price can react, for example 6,000, 10,000 or 15,000 but within them we find important numbers like xx.200, xx.500 and xx.800 (e.g. 10,200, 10,500 or 10,800) giving the trader a little more precision when managing his analysis.<\/li>\n<\/ul>\n<ul>\n<li><strong>A broken support becomes a resistance and vice versa<\/strong>. Let\u2019s assume the case that the price of Bitcoin is approaching the resistance of $10,000, when the price is for example at 9,850 the trader can sense:<\/li>\n<li>\n<ul>\n<li><strong>a)<\/strong>\u00a0That the price can respect the 10.000 (maximum resistance) therefore we can think about sales areas.<\/li>\n<li><strong>b)<\/strong>\u00a0If the price breaks 10,000 we should wait for a retracement to confirm its upward trend, as it goes from resistance to support.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<div class=\"is-divider divider clearfix\"><\/div>\n<p>In order to make better use of the supports and resistance I invite you to know first the historical path of the price, since it will serve you as a first approach to the crypto in question.<\/p>\n<p>If you are interested in learning\u00a0<strong>about crypto trading<\/strong>\u00a0you are in a good moment, since it is a quite new market, which has not yet been injected by the capitalization that other financial markets have.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 3<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>Did you know that the first traders traded in the financial markets using the strategy of\u00a0Support and Resistance?\u00a0 At the time, this was one of the most profitable ways to get the most out of the market. This basic knowledge has been passed on from generation to generation and is still used in different types [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8360,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-criptomonedas"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=9366"}],"version-history":[{"count":0,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/9366\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/8360"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=9366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=9366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=9366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}