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 13, we expected a falling trend and now the price is on the fall. In the current chart, we have R3, R2, and R1 as our resistance areas which represent the unsuccessful attempts of the price to rise. S2 used to be a resistance area and S1 is the our support line that shows the support of the price at several points since the past. Here we have the price fluctuating over S1 and we expect two scenarios for it. Either it will rise to R1 and then by being rejected to S1, it will face another rise. Or it is possible for the price to lose the support here and start a fall below S1 and even have more decline to S2. Please consider the signs and confirmation candles in your trades.
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 13, we expected a falling trend and now the price is on the fall. In the current chart, we have R3, R2, and R1 as our resistance areas which represent the unsuccessful attempts of the price to rise. S2 used to be a resistance area and S1 is the our support line that shows the support of the price at several points since the past. Here we have the price fluctuating over S1 and we expect two scenarios for it. Either it will rise to R1 and then by being rejected to S1, it will face another rise. Or it is possible for the price to lose the support here and start a fall below S1 and even have more decline to S2. Please consider the signs and confirmation candles in your trades.
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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