As you can see, the price has entered a downward scenario with the drop of Sharpe and is moving in a downward channel. Even if it breaks the resistance range of the channel upwards, we expect to climb up to the resistance range of the downward trend line, and to climb further and cross this resistance range, a high purchase volume is required. But if the price can cross the support range of $1573, we will see a further drop to the range of $1425.
Resistance range: 1655-1735-1801
Support range: 1573-1507-1425
GOODLUCK
SANAM
Resistance range: 1655-1735-1801
Support range: 1573-1507-1425
GOODLUCK
SANAM
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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.