In this time frame, according to the previous analysis, the price fell to the $1,285 range after it was able to cross the support range of $1,414, and considering that it is moving in the circuit of a descending channel, it can be expected to fall to the support range of $1,089. But if the support range of $1254 continues to provide support, we can see a pullback of the price up to the ceiling of the channel ($1352) and if the volume of purchases increases and the price can break the resistance range of its downward trend line, we can see the price rise up to The range was $1475.
Resistance range: 1352-1425-1475
Support range: 1245-1164-1087
Resistance range: 1352-1425-1475
Support range: 1245-1164-1087
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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.