Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for BCHUSDT
Here you see that we have R1 as the long-term resistance line and it shows the unsuccessful triumphs of the price to rise over this line. S1 area is a long-term support line that resembles the support of the price at several points. At the moment, the price is fluctuating over S1 and expect a rise for it up to R1 and if it can fix itself over the line, then we will have more rise for it. In case the price moves below S1, surely we will predict more decline for it. So do not forget to consider stop loss area in order to have a logical trade.
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 BCHUSDT
Here you see that we have R1 as the long-term resistance line and it shows the unsuccessful triumphs of the price to rise over this line. S1 area is a long-term support line that resembles the support of the price at several points. At the moment, the price is fluctuating over S1 and expect a rise for it up to R1 and if it can fix itself over the line, then we will have more rise for it. In case the price moves below S1, surely we will predict more decline for it. So do not forget to consider stop loss area in order to have a logical trade.
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