As you can see, in this time frame, the price could not cross the support range of $1567 and we expect the price to rise to the 0.5 Fibonacci range. In this range, we also have a strong resistance range of the downward trend line, if it continues to resist, we will see the price rejection and fall, and if the volume of sales is such that it can cross the support range of $1567, we will see more fall. But if the price can break its downward trend line, we expect the sharpie price to rise to the strong resistance range of $1879, and if it crosses this range, we will see a further rise towards higher targets.
Resistance range: 1699 - 1802 - 1879
Support range: 1567-1435-1366
Resistance range: 1699 - 1802 - 1879
Support range: 1567-1435-1366
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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.