BTCUSDT
Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for BTCUSDT
We have the price moving in a descending channel. R2 line is our long-term resistance line and it shows the resistance of price to move above and in the last rejection of price, there was a falling trend and we formed R1 and again the unsuccessful attempts of price is clear at this line. S2 line expresses the well support of the price at several points and even S1 is another support area in which the support of the price is clear since the past. Now the price is fluctuating in S1 area and over the purple line as our support line in a 4-hour time frame (which used to be a resistance line) and we expect the price to move over R1 and by fixing at this area, it will have more rise. Also it is possible for the price to lose the support and move below S1 and then have more 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 one-day-time frame analysis for BTCUSDT
We have the price moving in a descending channel. R2 line is our long-term resistance line and it shows the resistance of price to move above and in the last rejection of price, there was a falling trend and we formed R1 and again the unsuccessful attempts of price is clear at this line. S2 line expresses the well support of the price at several points and even S1 is another support area in which the support of the price is clear since the past. Now the price is fluctuating in S1 area and over the purple line as our support line in a 4-hour time frame (which used to be a resistance line) and we expect the price to move over R1 and by fixing at this area, it will have more rise. Also it is possible for the price to lose the support and move below S1 and then have more 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
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