Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for BNBUSDT
According to our last analysis on August 9, we predicted a falling trend and now one of our targets is hit. In the present chart, we have R2 that used to be a support area. R1 is a resistance area that includes the disability of the price to rise. S1 is our support line that contains the support of the price at some points. And S2 used to be a resistance area. So here we have the price fluctuating on S1 and we expect two scenarios to happen. Either we receive some rising signs and a rise will happen for the price to R1 and by being rejected at R1, another decline is waiting for the price. Or it may happen that the price loses the support here and then it will face a decline toward S2. Try to make sure by some confirmation candles in order to have less risky trades.
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 one-day-time frame analysis for BNBUSDT
According to our last analysis on August 9, we predicted a falling trend and now one of our targets is hit. In the present chart, we have R2 that used to be a support area. R1 is a resistance area that includes the disability of the price to rise. S1 is our support line that contains the support of the price at some points. And S2 used to be a resistance area. So here we have the price fluctuating on S1 and we expect two scenarios to happen. Either we receive some rising signs and a rise will happen for the price to R1 and by being rejected at R1, another decline is waiting for the price. Or it may happen that the price loses the support here and then it will face a decline toward S2. Try to make sure by some confirmation candles in order to have less risky trades.
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
