BNBBTCHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for BNBBTC
In the current chart, we have R1 as the resistance line that represents that the price was not able to rise at some points. S2 used to be a resistance area and S1 is the support line which expresses the support of the price at several points since the past. Presently, we have the price fluctuating over S1 and we believe it will fall to this line. Then here we should wait for some confirmation candles to rise and then we expect a rise to R1 besides considering the long position activated. In case the price loses the support at S1, more decline is expected for the price.
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
