Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for UNIUSDT
In the current chart, we have R1 which used to be a support area but now it has the role of a resistance area. And S1 is our support area which includes the support of the price at some points although we had a failure in break, the price could recover itself over S1 again. Now the price is fluctuating below R1 and we have a reverse head and shoulders pattern. Our prediction would be a falling trend for the price and then a pull back toward R1 in order to complete the right shoulder. In case the price moves above R1 and fixes there, then we expect more rise. But even it possible for the price to lose the support and fall 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