Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for BAKEUSDT
There are R2 and R1 are the resistance areas which represent the price was not able to rise. And S1 is a support line at the bottom of our chart. Currently, we see a head and shoulders pattern and the price is fluctuation above S1 area. Our expectation would be a rise for the price in order to reach R1 and there if the price moves above it and fluctuates there, more increase is waiting for that up to R2. Then, if the price is rejected toward S1, we can have the right shoulder of our pattern completed. Let's see what future reveals for us.
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 BAKEUSDT
There are R2 and R1 are the resistance areas which represent the price was not able to rise. And S1 is a support line at the bottom of our chart. Currently, we see a head and shoulders pattern and the price is fluctuation above S1 area. Our expectation would be a rise for the price in order to reach R1 and there if the price moves above it and fluctuates there, more increase is waiting for that up to R2. Then, if the price is rejected toward S1, we can have the right shoulder of our pattern completed. Let's see what future reveals for us.
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.