Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for BTCUSDT
As we analyzed on August 16, we expected a falling trend and now one of our targets is hit. In the current chart, there is R1 that is our resistance line and R2 used to be a support line. Even S1 and S2 are the support areas that include the support of the price at several points since the past. You observe that we have the price fluctuating over S1 and we predict a rise for it to R1 and then it will be rejected and a decline will happen gain. Also it is possible for the price to lose the support and by receiving some signs, and then we predict a decline toward S2.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for BTCUSDT
As we analyzed on August 16, we expected a falling trend and now one of our targets is hit. In the current chart, there is R1 that is our resistance line and R2 used to be a support line. Even S1 and S2 are the support areas that include the support of the price at several points since the past. You observe that we have the price fluctuating over S1 and we predict a rise for it to R1 and then it will be rejected and a decline will happen gain. Also it is possible for the price to lose the support and by receiving some signs, and then we predict a decline toward S2.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
