Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for DOCKUSDT
There are R3 and R2 on the top of the chart which are resistance areas and both represent the unsuccessful triumphs of the price to rise at several points. R1 used to be a long-term support line. And as you see, S1 and S2 are our support areas with the support of price even since the past. Hence, we observe the fluctuation of price over S1 in a rising trend toward R1. Our expectation would include two options. Either the price is able to break R1 upward and more increase is expected to happen up to R2 or R3. Note that R1 would be a proper point for those who are not seeking more risks and they would exit trading here. Also there is a possibility of a decline if the price loses the support at R1 and gives us some falling signs and more decline will be there for it toward S1 or lower than that. It is crucial to consider the market situation in lower time frames and then decide what to do exactly; based on the multiple pieces of information which you would obtain from our analyses and updates.
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 DOCKUSDT
There are R3 and R2 on the top of the chart which are resistance areas and both represent the unsuccessful triumphs of the price to rise at several points. R1 used to be a long-term support line. And as you see, S1 and S2 are our support areas with the support of price even since the past. Hence, we observe the fluctuation of price over S1 in a rising trend toward R1. Our expectation would include two options. Either the price is able to break R1 upward and more increase is expected to happen up to R2 or R3. Note that R1 would be a proper point for those who are not seeking more risks and they would exit trading here. Also there is a possibility of a decline if the price loses the support at R1 and gives us some falling signs and more decline will be there for it toward S1 or lower than that. It is crucial to consider the market situation in lower time frames and then decide what to do exactly; based on the multiple pieces of information which you would obtain from our analyses and updates.
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