Hello again,
*Mars Signals Team wishes you high profits*
This is a 4-hour-time frame analysis for BNBUSDT
As we analyzed on May 7, we predicted a falling trend to happen and here we can see this decline which equals our precise prediction. R3 on the top of this chart is a resistance area which represents the disability of the price in order to rise. R2 and R1 used to be support areas. And we have S1 that is our long-term support area and demonstrates the support of price at various points even since the past. As it is clear in this chart, the price was able to be supported well at S1 area and after having a great increase up to higher amounts, it was not successful at being supported more and was rejected then. Ultimately by falling toward R2 area and losing the support again via some negative Marubozu Candles, it moved below R1 and then received support at S1 and now we see its fluctuation over this area through some positive candles. Hence it is fluctuating below R1 after losing the support at the symmetrical triangle pattern and we believe it would resume its neutral behavior at its current point, and via more support and via providing us some confirmation candles for the purpose of a rise, more increase will happen then up to some higher amounts. But wait for the retesting process when the price touches S1 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. Remember that by the time the price does not mover over R5 area and fixes itself there, we won’t have the expectation of a rising behavior for it. 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.
Take care
*Mars Signals Team wishes you high profits*
This is a 4-hour-time frame analysis for BNBUSDT
As we analyzed on May 7, we predicted a falling trend to happen and here we can see this decline which equals our precise prediction. R3 on the top of this chart is a resistance area which represents the disability of the price in order to rise. R2 and R1 used to be support areas. And we have S1 that is our long-term support area and demonstrates the support of price at various points even since the past. As it is clear in this chart, the price was able to be supported well at S1 area and after having a great increase up to higher amounts, it was not successful at being supported more and was rejected then. Ultimately by falling toward R2 area and losing the support again via some negative Marubozu Candles, it moved below R1 and then received support at S1 and now we see its fluctuation over this area through some positive candles. Hence it is fluctuating below R1 after losing the support at the symmetrical triangle pattern and we believe it would resume its neutral behavior at its current point, and via more support and via providing us some confirmation candles for the purpose of a rise, more increase will happen then up to some higher amounts. But wait for the retesting process when the price touches S1 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. Remember that by the time the price does not mover over R5 area and fixes itself there, we won’t have the expectation of a rising behavior for it. 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.
Take care
