Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for HNTUSDT
In this chart, there is R2 as the long-term resistance line and the disability of the price in order to rise over it, is obvious. R1 used to be a support line and clearly it includes the support of the price at several points. And S1 area is a support area that expresses the support of the price since the past. Now the price is fluctuating below R1 and we believe it will rise to R1 and then face a decline to S1. In case the price moves above R1 and fluctuates there, we may have more rise for it. But we must wait for some confirmation candles for the purpose of putting our orders. Please consider stop loss areas to have a sensible and efficient trade.
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 HNTUSDT
In this chart, there is R2 as the long-term resistance line and the disability of the price in order to rise over it, is obvious. R1 used to be a support line and clearly it includes the support of the price at several points. And S1 area is a support area that expresses the support of the price since the past. Now the price is fluctuating below R1 and we believe it will rise to R1 and then face a decline to S1. In case the price moves above R1 and fluctuates there, we may have more rise for it. But we must wait for some confirmation candles for the purpose of putting our orders. Please consider stop loss areas to have a sensible and efficient trade.
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