BTCUSDT
Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for BTCUSDT
Based on our last analysis on June 19, we expected a rising trend for the price and at the moment you see that the price had a rising trend. Now we have R1 as the long-term resistance line which shows that the price could not break it above. And S1 is a long-term support line and it expresses the support of the price at several points. Now the price has a fluctuation below R1 and in a descending channel and we expect the price to have a little rise to R1 and then fall toward S1. If the price moves above R1 and fixes there, then we will consider a short position for it. In fact at the moment, we predict a decline for the price due to its unstable trend.
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
Based on our last analysis on June 19, we expected a rising trend for the price and at the moment you see that the price had a rising trend. Now we have R1 as the long-term resistance line which shows that the price could not break it above. And S1 is a long-term support line and it expresses the support of the price at several points. Now the price has a fluctuation below R1 and in a descending channel and we expect the price to have a little rise to R1 and then fall toward S1. If the price moves above R1 and fixes there, then we will consider a short position for it. In fact at the moment, we predict a decline for the price due to its unstable trend.
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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