In this time frame, Qinet is moving in the orbit of a downward trend line, and after hitting the support area of $1523 and being rejected several times, it entered the correction phase and formed a BEARISH FLAG pattern which is a kind of continuing pattern and we expect it to continue its downward trend and if the support range of $1523 is broken, we will see a further drop to the range of $1368.
But if the volume of purchases in the market is such that the price can cross the resistance range of the trend line with a few valid candles and stabilize itself in the range of 0.5 Fibonacci, we will see a change in the trend and the price will rise to the resistance range of $1878.
Support range: 1366 - 1461 - 1523
Resistance range: 1700-1809-1879
But if the volume of purchases in the market is such that the price can cross the resistance range of the trend line with a few valid candles and stabilize itself in the range of 0.5 Fibonacci, we will see a change in the trend and the price will rise to the resistance range of $1878.
Support range: 1366 - 1461 - 1523
Resistance range: 1700-1809-1879
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.