Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for C98USDT
Based on our previous analysis on June 21, we expected the price to fall and now you see that this falling trend has happened and accordingly, one of our our targets is hit. At the present, we have R2 and R1 as our resistance areas. And S1 is our support area which includes the support of the price at some points. At the present, we see a head and shoulders pattern in our chart and the price is fluctuating below R1. We believe a rise toward R1 would happen and at this point, we can consider a short position to S1. If the price falls toward S1, we expect the right shoulder to be formed for our pattern. But in case the price moves above R1 and fixes there, then we will consider a long position to R2. So please consider the stop loss point due to the unstable condition of the market.
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 C98USDT
Based on our previous analysis on June 21, we expected the price to fall and now you see that this falling trend has happened and accordingly, one of our our targets is hit. At the present, we have R2 and R1 as our resistance areas. And S1 is our support area which includes the support of the price at some points. At the present, we see a head and shoulders pattern in our chart and the price is fluctuating below R1. We believe a rise toward R1 would happen and at this point, we can consider a short position to S1. If the price falls toward S1, we expect the right shoulder to be formed for our pattern. But in case the price moves above R1 and fixes there, then we will consider a long position to R2. So please consider the stop loss point due to the unstable condition of the market.
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
