If the support of $1,675 is broken, the price will move towards the target of $1,440. In the long-term view, a downward pattern is observed (rising wedge pattern).
If the support of 1440 is broken, this pattern can be considered valid. (The target of $700 is not far from expected)
All analysis is long term
If the support of 1440 is broken, this pattern can be considered valid. (The target of $700 is not far from expected)
All analysis is long term
Note
The indicated support was broken. Moving towards $1440 support
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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.