Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for YFIUSDT
You see that R2 and R1 are the resistance areas which express the disability of the price to rise. And S1 is a long-term support line that includes the well support of price since the past. Hence, we have the price fluctuating below R1 area and we believe it will fall to S1 line (as the past) and then here we must receive some rising signs in order to activate our long position and predict a rise for the price toward R1 and even higher. In case the price is able to fix itself over R1, then we wait for more rise. Even it is possible that the price loses the support at S1 and experience more decline.
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 YFIUSDT
You see that R2 and R1 are the resistance areas which express the disability of the price to rise. And S1 is a long-term support line that includes the well support of price since the past. Hence, we have the price fluctuating below R1 area and we believe it will fall to S1 line (as the past) and then here we must receive some rising signs in order to activate our long position and predict a rise for the price toward R1 and even higher. In case the price is able to fix itself over R1, then we wait for more rise. Even it is possible that the price loses the support at S1 and experience more decline.
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