How do you do dear followers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for ICPUSDT
Here we have R3, R2, and R1 as resistance areas that demonstrate the price was not able to rise at different points. S1 used to be a resistance area. And finally, S2 is our long-term support area including the well support of price since the past. We have the fluctuation of price below S2 after not being supported but it could break this area upward and another rejection at R1, it fell down to S2 and finally it faced another rise toward our first resistance line. Therefore, we have the price fluctuating below R1 after being supported at S2 area and experiencing a great rise up to here. We expect it to continue its rise up to our stop-loss point and then see another decline in its trend by falling down to the first support area. By having some falling signs at R2, and via not being supported there, more decline is predicted for it to touch lower amounts. Please do not forget to wait for some signs such as confirmation candles in order to make sure of what will be your next movement and then act wisely. We suggest you to put your stop-loss point based on your amount of loss that you can risk at and try to experience more logical trades.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Have a nice time
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for ICPUSDT
Here we have R3, R2, and R1 as resistance areas that demonstrate the price was not able to rise at different points. S1 used to be a resistance area. And finally, S2 is our long-term support area including the well support of price since the past. We have the fluctuation of price below S2 after not being supported but it could break this area upward and another rejection at R1, it fell down to S2 and finally it faced another rise toward our first resistance line. Therefore, we have the price fluctuating below R1 after being supported at S2 area and experiencing a great rise up to here. We expect it to continue its rise up to our stop-loss point and then see another decline in its trend by falling down to the first support area. By having some falling signs at R2, and via not being supported there, more decline is predicted for it to touch lower amounts. Please do not forget to wait for some signs such as confirmation candles in order to make sure of what will be your next movement and then act wisely. We suggest you to put your stop-loss point based on your amount of loss that you can risk at and try to experience more logical trades.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Have a nice time