As we said in the previous analysis, we expected the price chart to break through the strong support zone of $1110 and continue its decline,
which we saw happen. After this price drop, a descending triangle pattern is formed given that it is a kind of two-way pattern and we can expect any reaction from the market and if it can break the resistance range of $1091, we will expect to climb up to the range of 0.382 and 0.5 Fibonacci, otherwise we will have this trend with the breaking of the support range of $1081 We will see a drop to the $1035 range.
Resistance range: 1099 - 1110 - 1119
Support range: 1065-1049-1035
GOODLUCK
SANAM
which we saw happen. After this price drop, a descending triangle pattern is formed given that it is a kind of two-way pattern and we can expect any reaction from the market and if it can break the resistance range of $1091, we will expect to climb up to the range of 0.382 and 0.5 Fibonacci, otherwise we will have this trend with the breaking of the support range of $1081 We will see a drop to the $1035 range.
Resistance range: 1099 - 1110 - 1119
Support range: 1065-1049-1035
GOODLUCK
SANAM
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.