Hello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the 4-hour time frame. As you can see the price is inside a bearish channel which can be considered a flag pattern. If it goes out of this channel from any side, it will move in that direction. There is the resistance line R1 which the price has hit two times and could not stabilize above it. There is also the support line S1 which the price has hit several times and was supported. The price can break any of these two lines. We also have the R2 and S2 lines which are strong areas of resistance and support which the price can show a reaction after hitting them.
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. As you can see the price is inside a bearish channel which can be considered a flag pattern. If it goes out of this channel from any side, it will move in that direction. There is the resistance line R1 which the price has hit two times and could not stabilize above it. There is also the support line S1 which the price has hit several times and was supported. The price can break any of these two lines. We also have the R2 and S2 lines which are strong areas of resistance and support which the price can show a reaction after hitting them.
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