Hello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. R2 is our long-term trend line which the price has hit two times and fell. You see our S1 line which the price has hit several times and was supported. You also see the R1 line which was a support line previously and then price broke below it and the S1 line could hold it up. We can set a buy order at the S1 line for the R1 target. But if the price stabilizes below the S1 line we can expect it to fall further. Or the price might range above the S1 line and we need to wait for the confirmation of the direction.
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.
We are in the daily time frame. R2 is our long-term trend line which the price has hit two times and fell. You see our S1 line which the price has hit several times and was supported. You also see the R1 line which was a support line previously and then price broke below it and the S1 line could hold it up. We can set a buy order at the S1 line for the R1 target. But if the price stabilizes below the S1 line we can expect it to fall further. Or the price might range above the S1 line and we need to wait for the confirmation of the direction.
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