Hello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. We had a resistance line R2 which the price could not break and it fell down. The price was not supported at the R1 line and it fell even more. The price is likely to fall down to the S1 line and if it stabilizes above it, it can move back up to the R1 line. You can also notice a head-and-shoulder pattern created by the price. If that is the case, then the price should first hit the S1 line, then come back up to the R1 line, and to complete the head-and-shoulder patter, it must fall down further below the S1 line.
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. We had a resistance line R2 which the price could not break and it fell down. The price was not supported at the R1 line and it fell even more. The price is likely to fall down to the S1 line and if it stabilizes above it, it can move back up to the R1 line. You can also notice a head-and-shoulder pattern created by the price. If that is the case, then the price should first hit the S1 line, then come back up to the R1 line, and to complete the head-and-shoulder patter, it must fall down further below the S1 line.
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