BINANCE:BNBUSDT   Binance Coin / TetherUS
Hello there,

*Mars Signals Team wishes you high profits*

This is a 4-hour-time frame analysis for BNBUSDT

As we analyzed on May 2, we predicted a rise to happen and here we observe a rising trend after which means our expectation took place correctly. R2 and R1 on the top of this chart are the resistance areas which represents the disability of the price in order to rise. And we have S1 and S2 that are our support areas and demonstrate the support of price at various points. As it is clear in this chart, the price was able to be supported well at S2 and after experiencing a great increase up to higher amounts, it was rejected at some points and was unable to rise more. By the last rejection at R2, the price fell toward S1 area and its triumphs for rise were not fruitful and then we see its decline by a negative Marubozu Candle again after not being able to rise at its last point. Therefore it is fluctuating over S1 area and we believe it would resume its support and via providing us some confirmation candles for the purpose of a rise, more increase will happen then up to R1 or R2 (these are great points to save your profits). But wait for the retesting process and then enter trading and wait for the time to withdraw your profits. Possibly, if the price loses the support at S1, it would experience more decline then. So if the price loses the support and falls downward, more fall is probable at that time down to S2. This area is great to put your orders but you must be attentive and wait for the well support of price at this point and then by a retest and being sure of a rise, it is suggested to enter trading. It is better to activate your stop-loss point and check every detail and information before putting your trade orders and then wait for a proper time to have your next actions. In case you are looking for wise trades and less risky actions, our suggestion will be following our regular updates all the time.

Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.

Have a great time


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