In case of failure of$48.5K, it is expected to increase to$52.5K
In case of successful failure, a rectangular pattern is formed. Waiting for the formation of the flag pattern and the end of the horizontal correction increases the price. With the break of the heavy resistance of $ 48,500, the price is expected to increase to the range of 52,500. In the range of $ 52,500, the resistance is 2,618 Fibonacci and the end of the flag pattern.
* Horizontal correction is one of the strongest signs of rising prices in financial markets.
* Horizontal correction is one of the strongest signs of rising prices in financial markets.
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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.