In this time frame, the price faced a Sharpie drop in the range of $1461 with strong support and the formation of a bearish pennant pattern
given that it is a continuing pattern and it is possible that the price will fall after breaking the 0.5 Fibonacci range to the 0.618 and 0.786 Fibonacci range. But if the range of $1461 continues to fall, we will see the price rise to the range of $1577.
Support range: 1410-1336
Resistance range: 1513-1577
given that it is a continuing pattern and it is possible that the price will fall after breaking the 0.5 Fibonacci range to the 0.618 and 0.786 Fibonacci range. But if the range of $1461 continues to fall, we will see the price rise to the range of $1577.
Support range: 1410-1336
Resistance range: 1513-1577
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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.