Question #139 ·
Which support and resistance levels and moving averages should beginners know?
- Support at 10700, resistance at 11100, and the seven day moving average near 11000 Right answer
- Support stands at 10500, resistance at 11500, with the 200 day EMA around 12000
- Support is at 10000, resistance at 12000, fifty day moving average near roughly 15000
- Support near nine thousand, resistance near thirteen thousand, and moving averages are unpredictable currently
Why is this the correct answer?
This is correct because technical analysis shows a support level around 10,700 dollars where buying interest often appears, resistance around 11,100 dollars where selling pressure may emerge, and the seven day moving average sitting near 11,000 dollars. Beginners watch these levels to plan entry, exit, or stop loss points.