According to the previous price behavior and price correction by reaching the resistance line according to Fibonacci I expect that the price will react to the support line according to the demand within the specified range and the price will rise up to the specified range. This analysis is a personal opinion and there is no signal to buy or sell
Resistance failure with strong candle and next confirmation candle
According to the dynamic trend line, support and resistance points have been determined that the loss and profit limits will be activated due to the failure and the price reaching these ranges. The $ 50,000 price range for Rand numbers and 68% Fibonacci psychological resistance is in this range.
The price according to Fibonacci Retracement is 78% and RSI is in the range of 30
In previous analyzes, the support range was specified, in which the price was supported This support range is the most important range in this market situation that if this support is lost, the next support range can be 22 thousand dollars and even 19 thousand dollars. Resistance points are also determined according to Fibonacci
According to the static and Fibonacci trend lines in the specified range
English = Resistance range Persian = Mahdodeh moghavemati tebgh fobonachi
Very strong support range And on the other hand, the resistance range with respect to Fibonacci and the static trend line
Price reaction to the resistance level and price drop according to the previous forecast for the resistance line according to Fibonacci