In this time frame, as we said in yesterday's analysis, the price was rejected after it failed to cross the resistance range of $1663 and changed its trend and entered the downward phase and is moving in the circuit of a descending channel. But in the range of 0.5 Fibonacci that EMA200 It has also met with strong support in this range. If it can cross this range, we will see a further drop to the $1514 range. But if the range of $1569 continues to provide support, we will have the possibility of the price going up to the range of $1663.
Support range: 1569-1547-1514
Resistance range: 1594-1619-1663
Support range: 1569-1547-1514
Resistance range: 1594-1619-1663
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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.