Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for BTCUSDT
Based on our previous analysis on August 21, we expected a falling trend and now one of our targets is hit. Here we have R3, R1, and R2 which used to be support areas. And S1 is the support area that contains the support of the price since the past. At the present, we have the price fluctuating below R1 and we predict it will have a recovery after its severe fall and is able to rise to R1 and then at this place, if it gives us some confirmation candles, we will consider our short position and the price will have another decline to S1. If it moves above R2 and fixes there, then it may face more rise to R3.
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 BTCUSDT
Based on our previous analysis on August 21, we expected a falling trend and now one of our targets is hit. Here we have R3, R1, and R2 which used to be support areas. And S1 is the support area that contains the support of the price since the past. At the present, we have the price fluctuating below R1 and we predict it will have a recovery after its severe fall and is able to rise to R1 and then at this place, if it gives us some confirmation candles, we will consider our short position and the price will have another decline to S1. If it moves above R2 and fixes there, then it may face more rise to R3.
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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