Hello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. As you can see the price is still inside the bearish channel of the flag pattern. The price is fluctuating between the R1 and S1 line. We need to wait for the price to either go to S1 to buy or wait for it to break R1 and buy for the top of the channel which is $697. You need to wait for the price to break R1 and stabilize above it to set a buy order yet those who want to take risks can buy here or also when the price reaches S1 for the R1 line. We personally do not risk buying here. You had better wait for the price to break either R1 to buy it or wait for the break of S1 to short it.
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.
We are in the daily time frame. As you can see the price is still inside the bearish channel of the flag pattern. The price is fluctuating between the R1 and S1 line. We need to wait for the price to either go to S1 to buy or wait for it to break R1 and buy for the top of the channel which is $697. You need to wait for the price to break R1 and stabilize above it to set a buy order yet those who want to take risks can buy here or also when the price reaches S1 for the R1 line. We personally do not risk buying here. You had better wait for the price to break either R1 to buy it or wait for the break of S1 to short it.
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