In this time frame, the price has entered the downward phase after its upward trend line (blue line) has broken down. If it can break the first support area of $1443, which is the first valley of its previous one, it will move towards the next support area of $1321 ( He goes to the next valley marked with a yellow circle. But if it cannot cross the first support zone, we will see a rise to the resistance zone of $1639.
Resistance range: 1519-1565-1639
Support range: 1389-1320-1244
Resistance range: 1519-1565-1639
Support range: 1389-1320-1244
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.
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.