In this time frame, the price is still moving in the circuit of an upward trend line, and with the support created in this range, the head & shoulder pattern is formed.
Data that is a kind of continuing pattern. We still expect the price to rise to the range of $1370, and by crossing this range, we can climb to higher targets. But if it can break the support range of the upward trend line, we will see the price fall to the 0.618 Fibonacci range.
Resistance range: 1370 - 1383 - 1402
Support range: 1324-1309-1295
Data that is a kind of continuing pattern. We still expect the price to rise to the range of $1370, and by crossing this range, we can climb to higher targets. But if it can break the support range of the upward trend line, we will see the price fall to the 0.618 Fibonacci range.
Resistance range: 1370 - 1383 - 1402
Support range: 1324-1309-1295
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