Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for SHIBUSDT
R1 is the resistance area in this chart with its presentation of the disability of the price to rise at several points. R2 used to be a support area. And S1 is a support line at the bottom with its support of price at different points. Thus, the price had a recovery and a rising trend over S1 and now it is fluctuating below R1 area as you observe. We will wait for two options. Either a rise or a fall. Subsequently, we must wait for some confirmation candles to rise and an increase would be there for the price to reach R2 besides having more fixation over R1, more rise is expected. Also by giving us some falling signs and not being supported at its current point, more decline will definitely be waiting for the price toward lower amounts. You should know that those who tend not to have risky trades, we suggest them to put their purchase orders at R1 but it is okay for traders with a high risk intention to wait up to the time the price reaches R2.Note that for enjoying less risky trades, we recommend you to obtain every piece of information and details through our analyses and updates.
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
R1 is the resistance area in this chart with its presentation of the disability of the price to rise at several points. R2 used to be a support area. And S1 is a support line at the bottom with its support of price at different points. Thus, the price had a recovery and a rising trend over S1 and now it is fluctuating below R1 area as you observe. We will wait for two options. Either a rise or a fall. Subsequently, we must wait for some confirmation candles to rise and an increase would be there for the price to reach R2 besides having more fixation over R1, more rise is expected. Also by giving us some falling signs and not being supported at its current point, more decline will definitely be waiting for the price toward lower amounts. You should know that those who tend not to have risky trades, we suggest them to put their purchase orders at R1 but it is okay for traders with a high risk intention to wait up to the time the price reaches R2.Note that for enjoying less risky trades, we recommend you to obtain every piece of information and details through our analyses and updates.
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.