Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for ZILUSDT
In this chart, we have R2 as a resistance area which represents the price was not able to rise at several points. R1 used to be a support line and S1 and S2 are our support areas that express the support of price since the past. At the present, there is a reverse head and shoulder pattern seen in our chart and we have the price fluctuating over S1 and our expectation would be a rise toward R1 or R2 and then by a rejection, we believe the right shoulder of the pattern will be completed and the price falls toward S1. Even it is possible for the price to face more decline when it reaches 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 4-hour-time frame analysis for ZILUSDT
In this chart, we have R2 as a resistance area which represents the price was not able to rise at several points. R1 used to be a support line and S1 and S2 are our support areas that express the support of price since the past. At the present, there is a reverse head and shoulder pattern seen in our chart and we have the price fluctuating over S1 and our expectation would be a rise toward R1 or R2 and then by a rejection, we believe the right shoulder of the pattern will be completed and the price falls toward S1. Even it is possible for the price to face more decline when it reaches 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