Resistance
Resistance is a price point where an asset is expected to have significant supply.
Resistance is a price point where an asset is expected to have significant supply. This indicates that it is less likely for the price to go above this level. Resistance can be assessed by looking at an order book.
Price levels with a large quantity of pending sell orders would be deemed resistance levels. Additionally, resistance can be determined by historical price moves. Resistance can be a constant price, or it can be a trendline that is increasing or decreasing over time.
Resistance is a common decision variable for active traders.
Resistance is a concept relevant to Bitcoin, finance, or blockchain technology that investors should understand. Onramp's comprehensive Bitcoin glossary provides clear explanations of Resistance and hundreds of other terms to support informed investment decisions.
Frequently Asked Questions
What is Resistance?
Resistance is a term used in Bitcoin, finance, or blockchain technology. Understanding Resistance helps investors and enthusiasts build a stronger foundation of knowledge about digital assets and financial markets.
Why is Resistance important?
Resistance is relevant to understanding how Bitcoin, financial markets, or blockchain technology operates. Knowledge of such concepts helps investors make better-informed decisions about their portfolios.
Where can investors learn more about Resistance?
Onramp's Bitcoin glossary offers detailed, accessible explanations of Resistance and over 500 other terms related to Bitcoin, finance, and blockchain technology for investors at all experience levels.
