Hello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the 4-hour time frame. Previously we said that the inverse head-and-shoulder pattern is being formed. There is the R1 resistance which the price hit, was rejected and now is coming down. You can set a Buy order at the area which we have shown on the chart. If it stabilizes above that line, it will go up to higher targets the first one of which is R1, if R1 is broken then R2, and if R2 is also broken then higher prices will be the target. However there is the possibility for the price to go down to the S1 line and then go up. In that case we can set a Buy order there too. If it goes below the S1 line then it will fall more but we do not predict that to be very probable. Our head-and-shoulder pattern stands on its own and the price can complete it in the coming weeks if the R1 and R2 lines are broken and if not then our scenario is failed.
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 4-hour time frame. Previously we said that the inverse head-and-shoulder pattern is being formed. There is the R1 resistance which the price hit, was rejected and now is coming down. You can set a Buy order at the area which we have shown on the chart. If it stabilizes above that line, it will go up to higher targets the first one of which is R1, if R1 is broken then R2, and if R2 is also broken then higher prices will be the target. However there is the possibility for the price to go down to the S1 line and then go up. In that case we can set a Buy order there too. If it goes below the S1 line then it will fall more but we do not predict that to be very probable. Our head-and-shoulder pattern stands on its own and the price can complete it in the coming weeks if the R1 and R2 lines are broken and if not then our scenario is failed.
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