Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for XTZUSDT
In the current chart, there is R1 as the resistance area which mentions that the price was not able to rise at several areas. And S1 used to be a resistance line. Therefor, we have the fluctuation of price below R1 and we expect it will rise to the mentioned line and here we must wait for some falling signs. When this happens and we have some confirmation candles, the price faces a decline and then our right shoulder of the pattern is formed. It is less probable that the price moves above R1 and more rise is waiting for it.
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 XTZUSDT
In the current chart, there is R1 as the resistance area which mentions that the price was not able to rise at several areas. And S1 used to be a resistance line. Therefor, we have the fluctuation of price below R1 and we expect it will rise to the mentioned line and here we must wait for some falling signs. When this happens and we have some confirmation candles, the price faces a decline and then our right shoulder of the pattern is formed. It is less probable that the price moves above R1 and more rise is waiting for it.
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