In this time frame, the price is moving in the orbit of an upward trend line, and the 0.5 Fibonacci range and the bottom of the Como cloud and the upward trend line have created a strong support, and in order for the downward scenario to be activated, the price must exceed this range with a high sales volume. pass and there is a possibility of falling to the range of 0.618 and 0.786 Fibonacci. But what is evident in the chart is the formation of an alcove
rising wedge
which is a kind of continuing pattern and despite the strong support in the support range of $1569, we will expect to climb up to the range of $1905.
Resistance range: 1680-1782-1905
Support range: 1519 - 1448 - 1356
GOODLUCK
SANAM
rising wedge
which is a kind of continuing pattern and despite the strong support in the support range of $1569, we will expect to climb up to the range of $1905.
Resistance range: 1680-1782-1905
Support range: 1519 - 1448 - 1356
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.