Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for ETHUSDT
Based on our previous analysis on May 24, we predicted more fall for the price and now you see our expectation came true. At the current chart, we see the price had a rising trend and entered a descending channel. After rising up to the R2 line and rejecting at some points, it fell toward the S2 line and was supported well by it at several areas. The last time the price touched the S2 line, it had a rise and formed another resistance line (the yellow line) and was not able to break it. At the present, the price is fluctuating over the S2 and inside the S1 area and we expect it to increase more and move upward to other resistance areas. Even it is probable for the price to lose the support and have more decline.
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 ETHUSDT
Based on our previous analysis on May 24, we predicted more fall for the price and now you see our expectation came true. At the current chart, we see the price had a rising trend and entered a descending channel. After rising up to the R2 line and rejecting at some points, it fell toward the S2 line and was supported well by it at several areas. The last time the price touched the S2 line, it had a rise and formed another resistance line (the yellow line) and was not able to break it. At the present, the price is fluctuating over the S2 and inside the S1 area and we expect it to increase more and move upward to other resistance areas. Even it is probable for the price to lose the support and have more decline.
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
