In this time frame, the price hit the support range of $1421 after the sharpi drop and entered the correction phase and formed a BEARISH FLAG pattern.
which is a kind of continuing pattern and if the price stabilizes in the range of $1437, the pattern will be valid and we expect to fall to the support range of $1364. If the purchase volume is such that the price can cross the resistance range of the downward trend line, we will see the price rise up to the 0.5 Fibonacci range.
Support range: 1364-1421-1393
Resistance range: 1504-1536-1571
GOODLUCK
SANAM
which is a kind of continuing pattern and if the price stabilizes in the range of $1437, the pattern will be valid and we expect to fall to the support range of $1364. If the purchase volume is such that the price can cross the resistance range of the downward trend line, we will see the price rise up to the 0.5 Fibonacci range.
Support range: 1364-1421-1393
Resistance range: 1504-1536-1571
GOODLUCK
SANAM
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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.