Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for BTCUSDT
According to our previous analysis on November 6, we predicted a falling trend to happen and here our prediction came true. There are R2 and R1 as the resistance areas that represent the disability of the price in order to rise. And S1 is a support area at the bottom by its supporting points for the price. At the present, we have the price fluctuating over S1 and we expect it to continue its falling trend and after reaching S1, we should wait for some confirmation candles to predict a rise toward R1 or higher for the price. If the price is not able to be supported at S1, more decline is there to lower amounts.
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 BTCUSDT
According to our previous analysis on November 6, we predicted a falling trend to happen and here our prediction came true. There are R2 and R1 as the resistance areas that represent the disability of the price in order to rise. And S1 is a support area at the bottom by its supporting points for the price. At the present, we have the price fluctuating over S1 and we expect it to continue its falling trend and after reaching S1, we should wait for some confirmation candles to predict a rise toward R1 or higher for the price. If the price is not able to be supported at S1, more decline is there to lower amounts.
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
