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 29, we had two options for the price and one of them was a rise and now you see that the price faced an increase in its trend. At this chart, we observe that the price had a falling trend and reached R3 area (which used to be a support area) and after some ups and downs, it had a severe decline and reached S1. Then had a rise and started fluctuating in R1 area. The R2 line represents our long-term resistance line and this yellow line is a 4-hour resistance line and shows the unsuccessful attempts of the price to rise over it. Again at this moment, we predict a neutral position for the price and in case it is supported, we will have its rise over R1 and then toward R2. But if it loses the support, it will face more decline toward S1.
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 29, we had two options for the price and one of them was a rise and now you see that the price faced an increase in its trend. At this chart, we observe that the price had a falling trend and reached R3 area (which used to be a support area) and after some ups and downs, it had a severe decline and reached S1. Then had a rise and started fluctuating in R1 area. The R2 line represents our long-term resistance line and this yellow line is a 4-hour resistance line and shows the unsuccessful attempts of the price to rise over it. Again at this moment, we predict a neutral position for the price and in case it is supported, we will have its rise over R1 and then toward R2. But if it loses the support, it will face more decline toward S1.
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
