Hello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the weekly time frame. You see that the price was rejected from the R3 resistance. You can see the yellow line which was our weekly resistance, now acting as the support, which is broken. There is also the S3 line which can be a good area for supporting the price. In the daily time frame you can see the R1 line which the price has broken and also made its pullback. If it goes up, the next target would be $46K. It will do three things there: 1) It will go to $46K, make a pulllback, and then fall more. 2)It will break the resistance and go up. 3) It will range there and then come back to the S3 line. There is also another thing and that is the price has made its pullback to the weekly resistance which is now acting as the support. If this line holds the price up, then we can say that it is very likely for the price to move up to the R2 line.
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.
We are in the weekly time frame. You see that the price was rejected from the R3 resistance. You can see the yellow line which was our weekly resistance, now acting as the support, which is broken. There is also the S3 line which can be a good area for supporting the price. In the daily time frame you can see the R1 line which the price has broken and also made its pullback. If it goes up, the next target would be $46K. It will do three things there: 1) It will go to $46K, make a pulllback, and then fall more. 2)It will break the resistance and go up. 3) It will range there and then come back to the S3 line. There is also another thing and that is the price has made its pullback to the weekly resistance which is now acting as the support. If this line holds the price up, then we can say that it is very likely for the price to move up to the R2 line.
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