In this time frame, after hitting the resistance area of $1536, the price fell and after hitting the support area of $1401, it entered the correction phase and formed a pattern. rising wedge given This pattern is a continuing pattern and we expect further fall to the range of $1326, and if it cannot cross the support range of $1401, we will see the price rise to the range of 0.5 and 0.618 Fibonacci of this trend.
Resistance ranges: 1470-1487-1510
Support ranges: 1401 - 1362 - 1326
Resistance ranges: 1470-1487-1510
Support ranges: 1401 - 1362 - 1326
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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.