Resistance (also known as Resistance level) is a price rate that represents a “roof” which historically, the price rate had difficulty to cross upwards. Resistance levels usually incorporate the asset’s value and traders’ psychological barriers and beliefs. When a price rate progresses upwards towards this price level usually there will be an increased volume of bids from traders that predict the price will not go above this price level. The Resistance can be identified by looking in historic records or by using indicators like the Fibonacci retracements. The opposite of resistance which represents a price level that the price rate has difficulties to cross downwards is called support.