As we said in the previous analysis, the price was able to cross the support range of $1316 and fall to the range of $1300, and as it is moving in the circuit of a descending channel, we expect the trend to continue and the price to fall to the range of $1260. We have the possibility of price increase only if a high volume of purchases enters the market and the price can break the resistance range of its downward trend line and climb up to the range of $1373.
Resistance range: 1329-1349-1373
Support range: 1303-1286-1260
Resistance range: 1329-1349-1373
Support range: 1303-1286-1260
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