In this time frame, after a Sharpie drop in the range of $1193, the price faced strong support and entered the correction phase and formed a bearish pennant pattern.
which is a kind of continuous data pattern. It is expected that the price will continue its downward trend and after crossing the support range of $1193, we will see further decline. If a large volume of purchases enters the market, we can see the price rise up to the range of 0.5 and 0.618 Fibonacci.
Support range: 1196-1136-1073
Resistance range: 1341-1385-1435
which is a kind of continuous data pattern. It is expected that the price will continue its downward trend and after crossing the support range of $1193, we will see further decline. If a large volume of purchases enters the market, we can see the price rise up to the range of 0.5 and 0.618 Fibonacci.
Support range: 1196-1136-1073
Resistance range: 1341-1385-1435
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