SHIBUSDT

Hello Crypto Lovers,

Mars Signals team wishes you high profits.

This is a 4-hour-time frame analysis for SHIBUSDT

As we analyzed on July 20, we had a short position and we expected a falling trend and now this has happened and all of our targets are hit. In this chart, we have R2 as our resistance area and the unsuccessful triumphs of the price to rise is shown. R1 used to be a support line and S2 is our support area which expresses the support of the price at some points. At the present, the price is fluctuating over S2 and we predict little fall and then by a rise and pull back to R1, our short position is activated and therefore the price is expected to have another decline to S2. R1 is considered a good area for saving profits. Even it is possible for the price to rise over R1 and by receiving some confirmation candles there, we will predict more rise for it.

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