Currently you see R2 and R1 as our resistance areas which both express the price was not able to rise at some points. S2 used to be another resistance area and S1 is the support area at the bottom of the chart. Hence, we have the fluctuation of price below R1 area and our prediction will be a rise for the price upward to touch the mentioned and then via providing some falling signs for us, the price will experience a decline down to S2. Also it is less probable that the price rises over R1 and reach higher amounts such as R2. Please keep moving with our updates and try to have more profitable trades.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
A very high-quality analysis of the asset. I think that the immediate price reaction will help make sure of the further direction of movement. Buddy, I wonder what indicators you use in your analysis?