In this time frame, as we said yesterday, the $1050 range generated good support and the price chart continued its uptrend. But in the $1160 range, it has met with strong resistance and after several collisions, it has been rebouted and polbeked. If the purchase volume increases in such a way that the price can cross the resistance range of $1160, we will see the price climb further up to the $1280 range, and in the absence of a resistance range and passing through the bullish trend line support range, we will see the price fall to the 0.5 Fibonacci limit.
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.