Hello dear friends,
*Mars Signals Team wishes you high profits*
This is a one day time frame analysis for BTCUSDT.1D
We are in the daily time frame. As you can see, the price is completing the cup pattern. And we have two scenarios in mind.
First scenario: If the price can stabilize above its first resistance line and break its strong resistance zone, we can say that the price can start an upward rally.
Second scenario: If the price is weak after hitting the resistance line and cannot move above the resistance line, we can experience a price correction because the price has tried and failed to break this area several times. But there is a possibility of breaking this area and it is not far from imagination
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Take care
*Mars Signals Team wishes you high profits*
This is a one day time frame analysis for BTCUSDT.1D
We are in the daily time frame. As you can see, the price is completing the cup pattern. And we have two scenarios in mind.
First scenario: If the price can stabilize above its first resistance line and break its strong resistance zone, we can say that the price can start an upward rally.
Second scenario: If the price is weak after hitting the resistance line and cannot move above the resistance line, we can experience a price correction because the price has tried and failed to break this area several times. But there is a possibility of breaking this area and it is not far from imagination
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Take care
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.