Hello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. As you can see the price is moving inside a bullish channel. We have a support line which the price has hit several times and was supported. It has hit the support line this time too and is moving up. We have a resistance zone R1 which the price is likely to move toward to. After hitting R1, it can have a correction to the support line. Or it can break the R1 and after a pullback go to the top of its channel. It is likely for the price to hit R1 and rest there a little bit to decide whether it will go up or down.
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.
We are in the daily time frame. As you can see the price is moving inside a bullish channel. We have a support line which the price has hit several times and was supported. It has hit the support line this time too and is moving up. We have a resistance zone R1 which the price is likely to move toward to. After hitting R1, it can have a correction to the support line. Or it can break the R1 and after a pullback go to the top of its channel. It is likely for the price to hit R1 and rest there a little bit to decide whether it will go up or down.
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