Hello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. You see that the price can create a nice head-and-shoulder pattern. The price is now between the R1 and S1 lines. It can go up to the R1 line and if the selling pressure is high, it will fall down to the S1 line. Or it can break the R1 line and after a little rise above the R1 line, make its pullback to complete the right shoulder of the pattern. If it is able to come out of the bear trap and go even higher, then the next target for the price will be R2. But we think that the price is creating the head-and-shoulder pattern and you had better save the profit at the two areas shown.
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. You see that the price can create a nice head-and-shoulder pattern. The price is now between the R1 and S1 lines. It can go up to the R1 line and if the selling pressure is high, it will fall down to the S1 line. Or it can break the R1 line and after a little rise above the R1 line, make its pullback to complete the right shoulder of the pattern. If it is able to come out of the bear trap and go even higher, then the next target for the price will be R2. But we think that the price is creating the head-and-shoulder pattern and you had better save the profit at the two areas shown.
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