Hello my dear friends,
*Mars Signals Team wishes you high profits*
This is a 4-hour-time frame analysis for EGLDUSDT
Here we see R4, R3, R2, and R1 as our resistance areas in which the unsuccessful attempts of price to rise is obviously seen. S1 is a long-term support area that has the support of price since the pas and S2 in another support area at the bottom of the chart. The price was supported well at S1 at several great points and after its failure in break toward S2, the price could experience a noticeable rise up to R4. There it was rejected and gradually had waterfall decline and via a descending behavior, it fell into S1 area. Presently, we see it is fluctuating above our first support area after having a negative Marubozu Candle and we believe the price will be supported here and after some fixation, it continues its increase upward to R1 or even over than that via more fluctuation there. Our resistance areas such as R2, R3, and R4 are the great points for saving your profits. So wait for the price to break each of them upward and then after having more fixation and having a retest, you are able to put your trade orders and wait for the price to rise more. Note that by the time the price is moving over S1 area, the possibility of a decline is not so much high. In case the price loses the support at the current point, it move below S1 and experiences a decline down to the second support area. Then we should wait for it to be supported well and on its returning trend upward, we can put our trade orders. We recommend you to wait for future and even for some signs in order to make sue of the next trade action and then have more precise prediction for you. Be aware of activating your stop-loss in order to have less loss and less risky trades. Please be attentive to wait for some confirmation candles in order to make sure what will happen next and act precisely and well.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Take care
*Mars Signals Team wishes you high profits*
This is a 4-hour-time frame analysis for EGLDUSDT
Here we see R4, R3, R2, and R1 as our resistance areas in which the unsuccessful attempts of price to rise is obviously seen. S1 is a long-term support area that has the support of price since the pas and S2 in another support area at the bottom of the chart. The price was supported well at S1 at several great points and after its failure in break toward S2, the price could experience a noticeable rise up to R4. There it was rejected and gradually had waterfall decline and via a descending behavior, it fell into S1 area. Presently, we see it is fluctuating above our first support area after having a negative Marubozu Candle and we believe the price will be supported here and after some fixation, it continues its increase upward to R1 or even over than that via more fluctuation there. Our resistance areas such as R2, R3, and R4 are the great points for saving your profits. So wait for the price to break each of them upward and then after having more fixation and having a retest, you are able to put your trade orders and wait for the price to rise more. Note that by the time the price is moving over S1 area, the possibility of a decline is not so much high. In case the price loses the support at the current point, it move below S1 and experiences a decline down to the second support area. Then we should wait for it to be supported well and on its returning trend upward, we can put our trade orders. We recommend you to wait for future and even for some signs in order to make sue of the next trade action and then have more precise prediction for you. Be aware of activating your stop-loss in order to have less loss and less risky trades. Please be attentive to wait for some confirmation candles in order to make sure what will happen next and act precisely and well.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Take care