Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for VGXUSDT
R3, R2, and R1 on the top of this chart are our resistance areas and include the disability of the price to rise. And we have S1 which is a long-term support area at the bottom of the chart with its well support of price at different points. At the moment, we see the price is fluctuating in a rising trend when it was supported at S1 and this rise would continue up to R1. We believe it would have more rise through providing us some rising signs and more increase will take place toward R2. If the price is rejected at any points, it faces a decline down to our support area. But in case the price is able to fix itself over R2, then more rise would be there for it. Keep in mind that by the time the price is not supported and falls below S1 area, more fall will happen to it; which is not possible now. The point is to active your stop-loss due to the high possibility of a fall in the market. If you are looking for wise trades and less risky ones, our suggestion will be following our regular updates all the time.
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 one-day-time frame analysis for VGXUSDT
R3, R2, and R1 on the top of this chart are our resistance areas and include the disability of the price to rise. And we have S1 which is a long-term support area at the bottom of the chart with its well support of price at different points. At the moment, we see the price is fluctuating in a rising trend when it was supported at S1 and this rise would continue up to R1. We believe it would have more rise through providing us some rising signs and more increase will take place toward R2. If the price is rejected at any points, it faces a decline down to our support area. But in case the price is able to fix itself over R2, then more rise would be there for it. Keep in mind that by the time the price is not supported and falls below S1 area, more fall will happen to it; which is not possible now. The point is to active your stop-loss due to the high possibility of a fall in the market. If you are looking for wise trades and less risky ones, our suggestion will be following our regular updates all the time.
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