In this time frame, after the price broke its downward trendline after a long time, it turned the resistance range into support and formed a FALLING WEDGE pattern.
which is a continuation pattern and it is more likely that the market will rise to the resistance range of $1721. If we expect the price to fall if the volume of sales is high and the price can sell its upward trend line, then we will have the possibility of falling to the range of $1365.
Resistance range: 1607-1658-1722
Support range: 1492-1421-1365
which is a continuation pattern and it is more likely that the market will rise to the resistance range of $1721. If we expect the price to fall if the volume of sales is high and the price can sell its upward trend line, then we will have the possibility of falling to the range of $1365.
Resistance range: 1607-1658-1722
Support range: 1492-1421-1365