Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for DOTUSDT
There is R1 at the top that is our resistance area and it shows the price was not able to rise at different points. Then we have S1 that used to be a resistance line and S2 is our support line at the bottom of the chart. Hence, we have the price fluctuating over S1 and by considering the reverse head and shoulders pattern, we believe if the price moves upward to R1, and then is rejected and follows another rise, our right shoulder of the pattern is completed. Even it is probable that the price starts a falling trend and has a decline toward S2. The point is not to put your trade orders unless you have received some confirmation candles and are sure of the price trend to move.
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 DOTUSDT
There is R1 at the top that is our resistance area and it shows the price was not able to rise at different points. Then we have S1 that used to be a resistance line and S2 is our support line at the bottom of the chart. Hence, we have the price fluctuating over S1 and by considering the reverse head and shoulders pattern, we believe if the price moves upward to R1, and then is rejected and follows another rise, our right shoulder of the pattern is completed. Even it is probable that the price starts a falling trend and has a decline toward S2. The point is not to put your trade orders unless you have received some confirmation candles and are sure of the price trend to move.
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.