In this time frame, the price is moving in an uptrend channel and after hitting the resistance range of $1160 enters the correction phase and has faced good support in the $1050 range and also EMA200 has created support in this range. The price is expected to continue its uptrend by crossing the $1160 range and going up to the $1285 range. But if it can break the support range of the channel floor and EMA200, we expect a fall to the range of 0.618 and 0.786 Fibonacci.
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