what is resistance 
resistance is one of the foundational elements of technical analysis along with its corollary support resistance is a price or price zone above the current market that contains the upside movement of an asset resistance is where selling interest appears over time blocking further upside progress resistance can be a single price point such as the high of the day or the hourly high resistance can also be a zone meaning an area several points wide such as 0 50 1 00 a resistance zone represents a test of the resistance level which may be broken by a small amount but ultimately turns back the price advance leaving the resistance level essentially intact it could also be interpreted to mean that there is even more supply around the resistance zone potentially signaling a reversal lower resistance can be found in any time frame of chart analysis where a longer time frame daily or weekly suggests a more important multiday resistance level while a short term chart hourly or 30 minutes may reveal only minor resistance good for day traders 