In this time frame, the price is moving in an upward channel, and by crossing the resistance range of $1376, we will expect to climb up to the Fibonacci range of 1.618. But if it cannot cross the support range of $1376, we are facing a price drop and a bottom failure. We will expect the channel to drop further to the $1316 range.
Resistance range: 1376 - 1399 - 1442
Support range: 1348-1330-1316
Resistance range: 1376 - 1399 - 1442
Support range: 1348-1330-1316
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