In the 240-minute chart, the structure of the downtrend is in triple waves format, which firstly was detected in the form of a Triangle, but after the price development from the range of 30300, the scenario converted to the Double Zigzag pattern. There is another probability for price reduction up to the range of $26800.
In any case, while we can’t get the confirmation for the uptrend that the price crosses the range of $ 37874, in this case, is the targets of the uptrend are in the range of $ 48,000 to $ 52,000
In any case, while we can’t get the confirmation for the uptrend that the price crosses the range of $ 37874, in this case, is the targets of the uptrend are in the range of $ 48,000 to $ 52,000
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.