Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for LRCUSDT
The price is moving in an ascending channel and after being rejected by R2, it had a fall toward R1 (used to be a support line) and then continued its fluctuation over this line. By the time the price was able to rise over R1 again and touching R2 and by the existence of some shadows below this line, we can say that the sellers sold their currency and there were few buyers at this point; so the price faced another decline. Now the price is fluctuating below R1 and we expect a rise for it up to R1 and then more fall toward the bottom of S1. This scenario is more probable to happen. But in case the price is able to move to the corner of our triangular pattern and then rise over R2, then we will have more rise for it.
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 4-hour-time frame analysis for LRCUSDT
The price is moving in an ascending channel and after being rejected by R2, it had a fall toward R1 (used to be a support line) and then continued its fluctuation over this line. By the time the price was able to rise over R1 again and touching R2 and by the existence of some shadows below this line, we can say that the sellers sold their currency and there were few buyers at this point; so the price faced another decline. Now the price is fluctuating below R1 and we expect a rise for it up to R1 and then more fall toward the bottom of S1. This scenario is more probable to happen. But in case the price is able to move to the corner of our triangular pattern and then rise over R2, then we will have more rise for it.
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