SHIBUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for SHIBUSDT
According to our last analysis on June 15, we predicted a rising trend for the price and now you see that it has almost happened. In this chart, there is R3 as the long-term resistance line and the disability of the price in order to rise over it, is obvious. S2 is a long-term support line and it includes the support of the price at several points. R1 and S1 are the resistance and support lines in the 4-hour time frame. Now the price is fluctuating on R1 line and we believe if the price has a fixation over R1 with some good candles, then it will rise toward R2 and then to R3. But in case the price loses the support, we will have a decline for it down to S1 or S2.
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
