Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for SHIBUSDT
Here we have R2 which used to be a support area. R1 is the resistance area and the unsuccessful triumphs of the price to rise is clear. And S1 and S2 are our support areas that represent the support of the price at several points. At the present, we have the price fluctuating above S1 and we predict it will fall to this line. At this point, by receiving some confirmation candles, we predict a rise to happen for the price to R1 and if the price is rejected and has another decline to S1, the right shoulder of our pattern is formed. Also it is possible for the price to lose the support here and move below S1.
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 one-day-time frame analysis for SHIBUSDT
Here we have R2 which used to be a support area. R1 is the resistance area and the unsuccessful triumphs of the price to rise is clear. And S1 and S2 are our support areas that represent the support of the price at several points. At the present, we have the price fluctuating above S1 and we predict it will fall to this line. At this point, by receiving some confirmation candles, we predict a rise to happen for the price to R1 and if the price is rejected and has another decline to S1, the right shoulder of our pattern is formed. Also it is possible for the price to lose the support here and move below S1.
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.