In this time frame, after moving in a downward trend, after hitting the support range of $1419, the price has entered the correction phase, and after breaking the resistance range of the downward trend line, it has an upward trend in the short term and has reached the resistance range of $1686. bearish flag Pattern formation . The data is a kind of bearish pattern and we will expect a drop to the $1424 range and if it meets strong support in this area, it will continue its upward trend again.
Resistance range: 1553-1686-1873
Support range: 1424-1252-1170
Resistance range: 1553-1686-1873
Support range: 1424-1252-1170
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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.