Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for BLZUSDT
R1 and R2 in this chart are our resistance areas and include the disability of the price to rise. S1 used to be a resistance line. And we have S2 which is a long-term support line at the bottom of the chart with its well support of price at different points. At the moment, we see the price is on a rising trend when it was supported at S1 and this rise would continue up to R1. But because there is a weakness in its trend, we believe it would be rejected at this point and a faces a decline down to S1. But in case the price is able to fix itself over R1, then more rise would be there for it and R1 would be a suitable point for saving profits. Keep in mind that in case the price is not supported and falls below S1 area, more fall will happen to it. The point is that if you are looking for wise trades and less risky ones, our suggestion will be following our regular updates all the time.
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 4-hour-time frame analysis for BLZUSDT
R1 and R2 in this chart are our resistance areas and include the disability of the price to rise. S1 used to be a resistance line. And we have S2 which is a long-term support line at the bottom of the chart with its well support of price at different points. At the moment, we see the price is on a rising trend when it was supported at S1 and this rise would continue up to R1. But because there is a weakness in its trend, we believe it would be rejected at this point and a faces a decline down to S1. But in case the price is able to fix itself over R1, then more rise would be there for it and R1 would be a suitable point for saving profits. Keep in mind that in case the price is not supported and falls below S1 area, more fall will happen to it. The point is that if you are looking for wise trades and less risky ones, our suggestion will be following our regular updates all the time.
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