In this time frame, as mentioned, the price faced support in the range of $1272 and we saw the price rise up to the channel ceiling. By crossing the resistance range of the downward trend line, the price has created the expectation that it will go up to the range of $1475. But in order to make sure that this failure is not a fake break, the price should stabilize in this range. Otherwise, we will witness the movement of the price in the circuit of the Nizvi channel and its fall to the range of $1222
Support range: 1320-1272-1222
Resistance range: 1397 - 1430 - 1475
Support range: 1320-1272-1222
Resistance range: 1397 - 1430 - 1475
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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.