In this time frame, the price is moving between the two resistance ranges of $1344 and the support range of $1261, and after the price breaks the support range of its upward trend line, it enters the falling phase, and if it can break the strong support range of $1261, we can expect It fell further to the 1.618 Fibonacci range. But if the range of $1261 continues to support, we will see the price rise to the range of $1344.
Support range: 1302-1324-1344
Resistance range: 1279-1261-1212
Support range: 1302-1324-1344
Resistance range: 1279-1261-1212
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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.