In this time frame, as we said in yesterday's analysis, the price was moving in the circuit of an upward trend line and continued its trend and faced resistance in the range of $1533 and entered the correction phase and formed a Bullish pennant pattern.
which is a kind of continuous data pattern. If Qinet can cross the resistance range of $1533, our model will be valid and we can expect the price to rise to the range of $1602. Otherwise, it witnessed further price correction and fall to the 0.5 and 0.618 Fibonacci ranges.
Resistance range: 1533-1568-1602
Support range: 1454-1428-1401
which is a kind of continuous data pattern. If Qinet can cross the resistance range of $1533, our model will be valid and we can expect the price to rise to the range of $1602. Otherwise, it witnessed further price correction and fall to the 0.5 and 0.618 Fibonacci ranges.
Resistance range: 1533-1568-1602
Support range: 1454-1428-1401
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