In this time frame, after failing to cross the resistance range of $2018, the price fell sharply and is moving in the orbit of a downward trend line. But it has faced strong support in the $1859 range and also the support range of the upward trendline in the 4-hour time frame has prevented further decline. As a result, we have to wait if the price stabilizes above the downward trendline range, we will expect to climb up to the 0.5 and 0.618 Fibonacci range. If the price stabilizes below the support range of $1859, we will see a further drop to the $1784 range.
Resistance range: 1918-1936-1981
Support range: 1784-1818-1859
GOODLUCK
SANAM
Resistance range: 1918-1936-1981
Support range: 1784-1818-1859
GOODLUCK
SANAM
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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.