In this time frame, the price is moving in a channel in the downtrend, and the ceiling range of the channel has created a
resistance range and the floor range of the channel has created a supporting range, as well as EMA7
On the Middle Line Channel Resistance has been established and the price chart is expected to fall up to $1300.
If the purchase volume increases in such a way that it cannot cross the support ranges and breaks the channel ceiling upwards,
we will see the price climb to the $1600 range.

Resistance range: 1500 - 1553 - 1631

Support Range: 1406 - 1977 - 1926

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Chart PatternsTechnical IndicatorsTrend Analysis

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