In this time frame, as we said in yesterday's analysis, the price was rejected after it failed to cross the resistance range of $1663 and changed its trend and entered the downward phase and is moving in the circuit of a descending channel. But in the range of 0.5 Fibonacci that EMA200 It has also met with strong support in this range. If it can cross this range, we will see a further drop to the $1514 range. But if the range of $1569 continues to provide support, we will have the possibility of the price going up to the range of $1663.
Support range: 1569-1547-1514
Resistance range: 1594-1619-1663
Support range: 1569-1547-1514
Resistance range: 1594-1619-1663
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