In this time frame, the price after hitting the resistance range of $2960 momentum has fallen and hit the support range of $1700 and after several collisions has not been able to pass this range and the formation of descending triangle pattern which is a two-directional pattern. If the trend line breaks down one side , we will see a rise to the range of 0.5 and 0.618 Fibonacci, and if the support range of $1700 fails, we will see a fall to the $1100 range.
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