Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for ADAUSDT
Based on our last analysis on July 31, we had a short position and expected a falling trend and you observe that the fall has happened. In the current chart, we have R1 is as the resistance line that represents the disability of the price to rise. And S1 and S2 are our support areas that express the support of the price at several points. Presently, you observe the price is fluctuating on S1 and we predict two scenarios for it to happen. Either it will fix itself here and rise to R1. Or it will not have the support at this point and start a decline bellow S1 and by a pull back to this line, another fall is waiting for it.
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 ADAUSDT
Based on our last analysis on July 31, we had a short position and expected a falling trend and you observe that the fall has happened. In the current chart, we have R1 is as the resistance line that represents the disability of the price to rise. And S1 and S2 are our support areas that express the support of the price at several points. Presently, you observe the price is fluctuating on S1 and we predict two scenarios for it to happen. Either it will fix itself here and rise to R1. Or it will not have the support at this point and start a decline bellow S1 and by a pull back to this line, another fall is waiting for it.
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
