As we said in the previous analysis, the price was able to cross the support range of $1316 and fall to the range of $1300, and as it is moving in the circuit of a descending channel, we expect the trend to continue and the price to fall to the range of $1260. We have the possibility of price increase only if a high volume of purchases enters the market and the price can break the resistance range of its downward trend line and climb up to the range of $1373.
Resistance range: 1329-1349-1373
Support range: 1303-1286-1260
Resistance range: 1329-1349-1373
Support range: 1303-1286-1260
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.