Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for ALGOUSDT
There are R2 and R1 as our resistance areas which represent the unsuccessful attempts of price to rise. And S1 is a long-term support line that contains the support of price since the past. At the moment, we have the price fluctuating over S1 and we believe it will continue its rising trend to reach R1 (according to its past behavior) and we must wait for some confirmation candles here. If we have some rising signs by the price, there would be a rise predicted for it up to R2. Or it happens that the price is not supported at R1 and then it experiences a decline downward. The point is to wait for some signs and then have your trades more logically.
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
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for ALGOUSDT
There are R2 and R1 as our resistance areas which represent the unsuccessful attempts of price to rise. And S1 is a long-term support line that contains the support of price since the past. At the moment, we have the price fluctuating over S1 and we believe it will continue its rising trend to reach R1 (according to its past behavior) and we must wait for some confirmation candles here. If we have some rising signs by the price, there would be a rise predicted for it up to R2. Or it happens that the price is not supported at R1 and then it experiences a decline downward. The point is to wait for some signs and then have your trades more logically.
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