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*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for YFIUSDT
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 S12 which are our long-term support areas and include the support of price at different points since the past. The price past trend illustrates a noticeable rise when it received support at S2 area and after rising and being rejected at two points at R2, it could experience a decline down to S1. This area shows the well support of price at some points and presently the price is fluctuating over this line and we observe a morning star pattern by the last four candles. Our prediction would involve more fixation and support here and then by having an increase toward R1, more rise is waiting for the price to happen. R1 and R2 are good points for saving your profits but wait for the rise and fixation of price toward them. If possibly the price is not supported at S1 and by moving below this area, more falling trend takes place down to S2. By the time the price is moving and fluctuating over S1, there would not be a high probability to have more decline. 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.
Have a nice time
*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for YFIUSDT
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 S12 which are our long-term support areas and include the support of price at different points since the past. The price past trend illustrates a noticeable rise when it received support at S2 area and after rising and being rejected at two points at R2, it could experience a decline down to S1. This area shows the well support of price at some points and presently the price is fluctuating over this line and we observe a morning star pattern by the last four candles. Our prediction would involve more fixation and support here and then by having an increase toward R1, more rise is waiting for the price to happen. R1 and R2 are good points for saving your profits but wait for the rise and fixation of price toward them. If possibly the price is not supported at S1 and by moving below this area, more falling trend takes place down to S2. By the time the price is moving and fluctuating over S1, there would not be a high probability to have more decline. 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.
Have a nice time