As we can see , the price has been fluctuating in a neutral range in the last 4 weeks. If the weekly candle closes below $ 45,500 in the next 1 day and 9 hours, we can expect a fall to the first support level (The range of $ 40,000) . Significant resistance (Static) in the weekly time frame is in the range of 52K. The break of support or resistance in such a situation will give us an important view of the market that we can trade base on it .
Full View :
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ... 👤 Arman Shaban : ArmanShabanTrading 📅 01.01.2022 ⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
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.