Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for SHIBUSDT
In this chart, we have R1 as a resistance line that expresses the unsuccessful triumphs of the price to rise. And S1 and S2 are our support areas which contain the support of the price at several points. At the moment, you see that the price is fluctuating on S1 line and we expect it to face two possibilities. Either it is able to be fixed here and by receiving some confirmation candles, it is able to rise to R1. Or the price may not be supported and start a falling trend toward S2. So we should wait for some confirmation signs (candles) to get out position and put our orders in trade.
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 SHIBUSDT
In this chart, we have R1 as a resistance line that expresses the unsuccessful triumphs of the price to rise. And S1 and S2 are our support areas which contain the support of the price at several points. At the moment, you see that the price is fluctuating on S1 line and we expect it to face two possibilities. Either it is able to be fixed here and by receiving some confirmation candles, it is able to rise to R1. Or the price may not be supported and start a falling trend toward S2. So we should wait for some confirmation signs (candles) to get out position and put our orders in trade.
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
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