In this time frame, the price is moving in an upward trend line and has faced resistance in the range of $1906, and if it can cross this range, it will see a further rise to the range of $2039. otherwise with pattern Rising wedge which has been created, if it can stabilize itself in the range of $1864 with several valid candles, we will see the price drop to the range of 0.5 and 0.618 Fibonacci, which can be a pullback. For the bearish scenario to be activated, the price must break its upward trend line downwards.
Resistance range: 1906-1959-2039
Support range: 1786-1757-1849
GOODLUCK
SANAM
Resistance range: 1906-1959-2039
Support range: 1786-1757-1849
GOODLUCK
SANAM
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.
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.