In this time frame, the price is moving in the orbit of an upward trend line, and this trend line has created strong support and faced resistance in the range of $1315, forming a TRIANGLE pattern.
which is a kind of two-way data pattern. If the volume of sales is such that the price can break the support range of its upward trend line, we will see the price fall to the range of 0.5 and 0.618 Fibonacci, and if it can continue the upward trend and cross its resistance range, we will see a further rise to the range It will be $1337.
Support range: 1282-1288-1295
Resistance range: 1315-1326-1337
which is a kind of two-way data pattern. If the volume of sales is such that the price can break the support range of its upward trend line, we will see the price fall to the range of 0.5 and 0.618 Fibonacci, and if it can continue the upward trend and cross its resistance range, we will see a further rise to the range It will be $1337.
Support range: 1282-1288-1295
Resistance range: 1315-1326-1337
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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.