How do you do,
*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for RLCUSDT
In this chart, R2 and R1 are the resistance areas in which the unsuccessful triumphs of price is clearly seen. And at the bottom of the chart, we see S1 and S2 which are long-term support areas and include the support of price at different points since the past. The price past trend expresses a rising trend after receiving the support each time after touching S2 and finally at the last rejection by R2, the price was not capable of having more rise and it was rejected several times at R1 area. Through having some negative candles it continued its decline toward lower amounts and therefore the price is fluctuating over S1 line at the moment and our prediction would involve more falling trend and then via some support and fixation at S2 area besides having some confirmation candles in order to rise, an increase is predicted there for the price to touch R1 or R2 areas. You know that these areas are great points to save your profits. So wait for the retesting process and then enter trading and wait for the time to withdraw your profits and have more logical trades and less losses. If possibly the price is not supported at S1 and moves below this area, it would touch our stop-loss point and then through some supportive signs and fixation there, there would be a high probability of an increase upward and you are able to put your trade orders. Bear in mind that it is highly recommended to wait for some confirmation candles and make sure of your next action in trading. In case you are interested in experiencing profitable trades and wise actions in your analyses, we have several points and tips in our 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 success
*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for RLCUSDT
In this chart, R2 and R1 are the resistance areas in which the unsuccessful triumphs of price is clearly seen. And at the bottom of the chart, we see S1 and S2 which are long-term support areas and include the support of price at different points since the past. The price past trend expresses a rising trend after receiving the support each time after touching S2 and finally at the last rejection by R2, the price was not capable of having more rise and it was rejected several times at R1 area. Through having some negative candles it continued its decline toward lower amounts and therefore the price is fluctuating over S1 line at the moment and our prediction would involve more falling trend and then via some support and fixation at S2 area besides having some confirmation candles in order to rise, an increase is predicted there for the price to touch R1 or R2 areas. You know that these areas are great points to save your profits. So wait for the retesting process and then enter trading and wait for the time to withdraw your profits and have more logical trades and less losses. If possibly the price is not supported at S1 and moves below this area, it would touch our stop-loss point and then through some supportive signs and fixation there, there would be a high probability of an increase upward and you are able to put your trade orders. Bear in mind that it is highly recommended to wait for some confirmation candles and make sure of your next action in trading. In case you are interested in experiencing profitable trades and wise actions in your analyses, we have several points and tips in our 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 success