In case of failure of$48.5K, it is expected to increase to$52.5K

In case of successful failure, a rectangular pattern is formed. Waiting for the formation of the flag pattern and the end of the horizontal correction increases the price. With the break of the heavy resistance of $ 48,500, the price is expected to increase to the range of 52,500. In the range of $ 52,500, the resistance is 2,618 Fibonacci and the end of the flag pattern.
* Horizontal correction is one of the strongest signs of rising prices in financial markets.