Hello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the weekly time frame. You see the weekly support line S1 which has supported the price several times. We also have the S2 zone which can support the price again. Let’s go to the daily time frame. You can see that there is the head-and-shoulder pattern where on the right shoulder the price has hit the R3 line and has fallen. There is the R2 resistance which if the price is able to break, then it will rise and attack R3. But if it is not able to break it, then it can even break the S1 and go down to S2. If it breaks the R3 resistance, then we can say that it can rise up to the R3 line which would be around $73K but it needs the price to stabilize above the R3 line. In the 4-hour time frame you see that the price has been able to break the R1 resistance and if that is the case then we can say that it is able to move up to the R2 line where we recommend to save profits and then wait to see what happens.
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.
We are in the weekly time frame. You see the weekly support line S1 which has supported the price several times. We also have the S2 zone which can support the price again. Let’s go to the daily time frame. You can see that there is the head-and-shoulder pattern where on the right shoulder the price has hit the R3 line and has fallen. There is the R2 resistance which if the price is able to break, then it will rise and attack R3. But if it is not able to break it, then it can even break the S1 and go down to S2. If it breaks the R3 resistance, then we can say that it can rise up to the R3 line which would be around $73K but it needs the price to stabilize above the R3 line. In the 4-hour time frame you see that the price has been able to break the R1 resistance and if that is the case then we can say that it is able to move up to the R2 line where we recommend to save profits and then wait to see what happens.
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