ETHUSDT

Hello Crypto Lovers,

Mars Signals team wishes you high profits.

This is a one-day-time frame analysis for ETHUSDT

According to our previous analysis on June 14, we predicted a fall for the price and now you see that this is true and we have the full target hit. At this chart, we have R3 as a long-term resistance line. Then R1 which used to be a support line, resembles the support of the price at some points. Even R2 is another support line in the past and now it has the role of a resistance area and finally S1 in a support area including the well support of the price since the past. The existence of a butterfly harmonic pattern means a rise in price trend in the near future so we expect the price to fall a bit and then rise to R1 and by having a fixation over R1, it will experience more rise. Also it happens that the price loses the support at this point and fall below S1 and face more decline.

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