How do you do dear friends,
*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for ZILUSDT
In the current chart, R2 and R1 are the resistance areas that include the unsuccessful attempts of the price to rise. S1 used to be a resistance line. And at the bottom, S2 is our long-term support line in which the support of price since the past is obvious. We can see the rejection of price at R2 when it was not supported there and after having a noticeable decline, it could have a recovery and rose up to R1 again. For the second time, it was not supported at R1 area and the price faced another fall and finally at its current point, we have its fluctuation below R1 in a rising trend. Hence, we must wait for two scenarios. Either the price is able to break R1 upward and an increase happens toward R2 (that is a proper point for saving profits) via more fixation and support over R1. Or is is possible that due to the existence of a red candle, the price is not supported anymore and a decline will be there for it down to S1 and again a rise would take place for it to higher amounts. At the moment the possibility of a decline below S2 is not so high. We highly recommend you to obtain every piece of information and idea through our updates for enjoying more profitable trades. Keep in mind to consider market conditions in lower time frames in order to make sure of a good point to put your trade order, we suggest you to wait for the time which the price is in its return upward.
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 ZILUSDT
In the current chart, R2 and R1 are the resistance areas that include the unsuccessful attempts of the price to rise. S1 used to be a resistance line. And at the bottom, S2 is our long-term support line in which the support of price since the past is obvious. We can see the rejection of price at R2 when it was not supported there and after having a noticeable decline, it could have a recovery and rose up to R1 again. For the second time, it was not supported at R1 area and the price faced another fall and finally at its current point, we have its fluctuation below R1 in a rising trend. Hence, we must wait for two scenarios. Either the price is able to break R1 upward and an increase happens toward R2 (that is a proper point for saving profits) via more fixation and support over R1. Or is is possible that due to the existence of a red candle, the price is not supported anymore and a decline will be there for it down to S1 and again a rise would take place for it to higher amounts. At the moment the possibility of a decline below S2 is not so high. We highly recommend you to obtain every piece of information and idea through our updates for enjoying more profitable trades. Keep in mind to consider market conditions in lower time frames in order to make sure of a good point to put your trade order, we suggest you to wait for the time which the price is in its return upward.
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