If the support of $1,675 is broken, the price will move towards the target of $1,440. In the long-term view, a downward pattern is observed (rising wedge pattern).
If the support of 1440 is broken, this pattern can be considered valid. (The target of $700 is not far from expected)
All analysis is long term
If the support of 1440 is broken, this pattern can be considered valid. (The target of $700 is not far from expected)
All analysis is long term
Commentaire:
The indicated support was broken. Moving towards $1440 support