In this time frame, the price is moving in the circuit of a downward trend line and has not yet been able to break this resistance range. By forming a Bullish pennant pattern
which is a kind of bullish pattern, it is possible that the price will change its trend by crossing the downward trend line range and climb up to the 0.5 and 0.618 Fibonacci range.
Otherwise, we will see the price drop to the range of $982.
Resistance range: 1326-1385-1473
Support range: 982-1071-1192
which is a kind of bullish pattern, it is possible that the price will change its trend by crossing the downward trend line range and climb up to the 0.5 and 0.618 Fibonacci range.
Otherwise, we will see the price drop to the range of $982.
Resistance range: 1326-1385-1473
Support range: 982-1071-1192
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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.
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.