In this time frame, the price is still moving in the orbit of a downward trend line, and after the fall of the Sharpe, which has faced support in the range of $1444, and the formation of a BEARISH PENNANT pattern which is a kind of continuing pattern and we expect a further drop to the strong support area of $1365. But if the range of $1444 continues to provide support, we expect the price to rise to the 0.618 Fibonacci range, which is also the resistance range of the downward trend line, and with the failure of this resistance range, we will face a change in the trend and expect more growth.
Support range: 1444-1365-1277
Resistance range: 1509 - 1550 1617
GOODLUCK
SANAM
Support range: 1444-1365-1277
Resistance range: 1509 - 1550 1617
GOODLUCK
SANAM
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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.