Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for TRXUSDT
As we predicted on May 18, we had a head and shoulders pattern in that chart and we predicted a pull back for the price up to the resistance area and then another fall for it in order to form the right shoulder of our pattern. Now you see that our expectation came true. At this chart, we observe a long-term support line (S2) which shows that the price touched this line several times and then it had rising trend and entered a rising trend and formed a rising channel. Although the price tried to rise again, it was not able to break our first resistance line and we just see some shadows over the first resistance line at its last try. Now the price is fluctuating below the first resistance line and we expect two scenarios for it to happen. In case the price moves above the first resistance line and fixes over this area, then it will move to our second resistance area and it faces more increase. But if the price loses its support and has a falling trend, then we will predict more decline for it down to the second support line and it will have more fall.
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 TRXUSDT
As we predicted on May 18, we had a head and shoulders pattern in that chart and we predicted a pull back for the price up to the resistance area and then another fall for it in order to form the right shoulder of our pattern. Now you see that our expectation came true. At this chart, we observe a long-term support line (S2) which shows that the price touched this line several times and then it had rising trend and entered a rising trend and formed a rising channel. Although the price tried to rise again, it was not able to break our first resistance line and we just see some shadows over the first resistance line at its last try. Now the price is fluctuating below the first resistance line and we expect two scenarios for it to happen. In case the price moves above the first resistance line and fixes over this area, then it will move to our second resistance area and it faces more increase. But if the price loses its support and has a falling trend, then we will predict more decline for it down to the second support line and it will have more fall.
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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