In this time frame, the price in the range of $1291 has faced strong resistance, and with the decrease of the range of motion, a triangle pattern has been formed.
given that it is a kind of two-way pattern and we have to wait to see which of the support and resistance ranges the price can cross. If Ecker can break the resistance range of $1291, we will see the price rise to the range of $1358, and if he can break the support range of his rising trendline, we will see the price fall to the range of 0.5 and 0.618 Fibonacci.
Support range: 1245-1230-1215
Resistance range: 1290-1323-1358
given that it is a kind of two-way pattern and we have to wait to see which of the support and resistance ranges the price can cross. If Ecker can break the resistance range of $1291, we will see the price rise to the range of $1358, and if he can break the support range of his rising trendline, we will see the price fall to the range of 0.5 and 0.618 Fibonacci.
Support range: 1245-1230-1215
Resistance range: 1290-1323-1358
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