Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for SHIBUSDT
According to our previous analysis on May 31, we expected a falling trend for the price and now we have our expectation come true and all our targets are hit. In the current chart, our R2 and R1 areas express the resistance areas in which the price was unable to rise. S2 refers to our support area which includes the well support of the price since the past. The purple line called S1 is our support line in the 4-hour time frame and represents the support of the price at some points. At the present, the price is fluctuating in S2 area and above S1 and we expect it to have a rise to R1 and then fall toward S1. Even it is possible for it to rise higher to R2. Also it may happen that the price loses the support at the current point and starts a 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 SHIBUSDT
According to our previous analysis on May 31, we expected a falling trend for the price and now we have our expectation come true and all our targets are hit. In the current chart, our R2 and R1 areas express the resistance areas in which the price was unable to rise. S2 refers to our support area which includes the well support of the price since the past. The purple line called S1 is our support line in the 4-hour time frame and represents the support of the price at some points. At the present, the price is fluctuating in S2 area and above S1 and we expect it to have a rise to R1 and then fall toward S1. Even it is possible for it to rise higher to R2. Also it may happen that the price loses the support at the current point and starts a 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
