Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for SHIBUSDT
Based on our last analysis on June 21, we expected a rising trend for the price and now this has happened and one of our targets is hit. In this chart, we have R2 which used to be a support area. Then we have S1 which used to be a resistance line and the disability of the price to rise is clear. And R1 is another resistance line. By the existence of a reverse head and shoulders pattern, we expect the price to rise to R2 and then by a decline and another rise, the right shoulder of our pattern will be formed. If the price moves over R2 and fixes there, it will have more rise. R2 is a good point for saving profits. Even it is possible for the price to lose the support and experience more decline by reaching below R1.
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
Based on our last analysis on June 21, we expected a rising trend for the price and now this has happened and one of our targets is hit. In this chart, we have R2 which used to be a support area. Then we have S1 which used to be a resistance line and the disability of the price to rise is clear. And R1 is another resistance line. By the existence of a reverse head and shoulders pattern, we expect the price to rise to R2 and then by a decline and another rise, the right shoulder of our pattern will be formed. If the price moves over R2 and fixes there, it will have more rise. R2 is a good point for saving profits. Even it is possible for the price to lose the support and experience more decline by reaching below R1.
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
