In this time frame, after hitting the resistance range of $1015, enter the correction phase and fall to its 0.5 Fibonacci range and form the pattern Rising Wedge This is a kind of continuing pattern and we expect further falls to the range of 0.618 and 0.786 Fibonacci. If it faces strong support in the $950 range, we will see the price climb to the $1015 range.
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.