Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for BTCUSDT
According to our previous analysis on October 12, we predicted a rising trend to happen and now one of our targets is hit. There are R4, R3, and R2 as our resistance areas which all express the disability of the price to rise at several points. R1 used to be a support line and S1 used to be a resistance line. And S2 and S3 are the support areas in this chart. Thus, we have the price fluctuating above S1 and our expectation would be a little rise for the price toward R1 and then by receiving some falling signs, we will predict a decline to happen. In case the price moves over R2, then more rise is there for it (which is not so probable now).
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 BTCUSDT
According to our previous analysis on October 12, we predicted a rising trend to happen and now one of our targets is hit. There are R4, R3, and R2 as our resistance areas which all express the disability of the price to rise at several points. R1 used to be a support line and S1 used to be a resistance line. And S2 and S3 are the support areas in this chart. Thus, we have the price fluctuating above S1 and our expectation would be a little rise for the price toward R1 and then by receiving some falling signs, we will predict a decline to happen. In case the price moves over R2, then more rise is there for it (which is not so probable now).
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
