In this time frame, the price is moving in the orbit of a downward trend line, and after facing resistance in the 0.618 Fibonacci range, it entered the correction phase and formed a Symmetrical triangle pattern.
Data that is a kind of continuing pattern. In order for this pattern to be valid, the price must be able to break the resistance range of its downward trend line so that we can see the price rise to the range of $1341, otherwise the price will continue to fall to the range of $1359.
Resistance range: 1306 - 1322 - 1341
Support range: 1283 - 1270 - 1259
Data that is a kind of continuing pattern. In order for this pattern to be valid, the price must be able to break the resistance range of its downward trend line so that we can see the price rise to the range of $1341, otherwise the price will continue to fall to the range of $1359.
Resistance range: 1306 - 1322 - 1341
Support range: 1283 - 1270 - 1259
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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.