Hello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. You can see that the price is trapped inside a flag pattern and now it is inside a bearish channel. The price has tried to break the resistance line twice but was not able and was pushed down. You can also see the support line S1 which the price has hit several times and was supported. You can see that yesterday’s candle has made a shadow and the price is now falling in today’s negative candle. The price is likely to come back down to S1 or $6.127 and if it is supported there, it will move again toward the resistance. The price is likely then to break R1 and move toward our R2 resistance. Those who want to save profit can sell at R2 and if the price breaks R2 and stabilizes, you can buy again after a pullback for $17.270 which is the resistance of the pole of the flag.
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 can see that the price is trapped inside a flag pattern and now it is inside a bearish channel. The price has tried to break the resistance line twice but was not able and was pushed down. You can also see the support line S1 which the price has hit several times and was supported. You can see that yesterday’s candle has made a shadow and the price is now falling in today’s negative candle. The price is likely to come back down to S1 or $6.127 and if it is supported there, it will move again toward the resistance. The price is likely then to break R1 and move toward our R2 resistance. Those who want to save profit can sell at R2 and if the price breaks R2 and stabilizes, you can buy again after a pullback for $17.270 which is the resistance of the pole of the flag.
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