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*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for KAVAUSDT
Here we have R2 and R1 which are our resistance areas in this chart with their demonstration of the disability of the price to rise at various points. S1 used to be a long-term resistance area. And as you observe, S2 is a support area at the bottom that involves the well support of price at some different points even since the past. Clearly, the price experienced a great support at S1 area and via a notable rise, it could move up to our first resistance line. But after not being supported there, and after having some unsuccessful attempts to rise, it resumed its decline down to S1 area. The existence of a negative Marubozu Candle confirms its falling trend and at the present, we see it is fluctuating in the first support area. We expect it to give us two scenarios after falling to the bottom of S1. Either we would have more support here and the price moves over R1 and fixes there and then more increase takes place for it toward R2 (that is a proper point to save your profits) Even it is probable that the price falls down to S2 after losing the support at S1 and there we can wait for the support of price and on its returning process, it is better to put your trade orders and then wait for more increase. According to the chart and considering the signs here, when the price is fluctuating above S1, we won’t have so much decline. So please consider the market situation in lower time frames and then decide what to do exactly. We suggest you to save your profits in the resistance areas due to the fact that in the decline of the price, you will not have so much loss. Keep moving with our updates and analyses to have multiple pieces of information and ideas.
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 KAVAUSDT
Here we have R2 and R1 which are our resistance areas in this chart with their demonstration of the disability of the price to rise at various points. S1 used to be a long-term resistance area. And as you observe, S2 is a support area at the bottom that involves the well support of price at some different points even since the past. Clearly, the price experienced a great support at S1 area and via a notable rise, it could move up to our first resistance line. But after not being supported there, and after having some unsuccessful attempts to rise, it resumed its decline down to S1 area. The existence of a negative Marubozu Candle confirms its falling trend and at the present, we see it is fluctuating in the first support area. We expect it to give us two scenarios after falling to the bottom of S1. Either we would have more support here and the price moves over R1 and fixes there and then more increase takes place for it toward R2 (that is a proper point to save your profits) Even it is probable that the price falls down to S2 after losing the support at S1 and there we can wait for the support of price and on its returning process, it is better to put your trade orders and then wait for more increase. According to the chart and considering the signs here, when the price is fluctuating above S1, we won’t have so much decline. So please consider the market situation in lower time frames and then decide what to do exactly. We suggest you to save your profits in the resistance areas due to the fact that in the decline of the price, you will not have so much loss. Keep moving with our updates and analyses to have multiple pieces of information and ideas.
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