Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for YFIUSDT
There is R1 in this chart as the resistance line and the unsuccessful attempts of the price in order to rise is obvious at it. And even S1 and S2 are our support areas that contain the support of the price at several points since the past. Here we have the fluctuation of price over S1 line and we believe it will fall to this line. In case we receive some confirmation candles to rise, we consider the long position is our chart and a rise is expected for the price to R1 or more. But if the price is not supported at S1, we must wait for its 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
There is R1 in this chart as the resistance line and the unsuccessful attempts of the price in order to rise is obvious at it. And even S1 and S2 are our support areas that contain the support of the price at several points since the past. Here we have the fluctuation of price over S1 line and we believe it will fall to this line. In case we receive some confirmation candles to rise, we consider the long position is our chart and a rise is expected for the price to R1 or more. But if the price is not supported at S1, we must wait for its 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