BTCUSDT
Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for BTCUSDT
According to our last analysis on June 8, we predicted a falling trend for the price and here you see that the price has had a severe decline. Therefore, in this chart, we have R3 as our long-term resistance line and R2 which used to be a support line. Now the price is fluctuating below R2 and on S1 area. R1 also shows the unsuccessful attempts of the price in order to move upward. Hence we predict the price to have a pull back to R1 and then experience more decline down to the bottom of the S1 area. In case the price is able to move over R1 and fixes there, then we will expect more rise for it toward R2.
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 BTCUSDT
According to our last analysis on June 8, we predicted a falling trend for the price and here you see that the price has had a severe decline. Therefore, in this chart, we have R3 as our long-term resistance line and R2 which used to be a support line. Now the price is fluctuating below R2 and on S1 area. R1 also shows the unsuccessful attempts of the price in order to move upward. Hence we predict the price to have a pull back to R1 and then experience more decline down to the bottom of the S1 area. In case the price is able to move over R1 and fixes there, then we will expect more rise for it toward R2.
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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Penafian
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